USDA lowers fourth-quarter pork production outlook
Pork production lowered to about 7.1 billion pounds
20 November 2023
1 minute read
By: Fourth-quarter pork production is lowered to about 7.1 billion pounds, based on assumptions of continued year-over-year lower average dressed weights, according to the most recent USDA Livestock, Dairy, and Poultry Outlook report.
Fourth-quarter hog prices are lowered on weak pork demand relative to adequate hog supplies. Prices are expected to average $55 per hundredweight, more than 13% below prices a year ago.
Total 2023 pork production is expected to be 27.2 billion pounds, about 1% above 2022 production.
September pork exports were fractionally lower than a year ago on weak Asian demand.
Exports for 2023 should total 6.7 billion pounds, more than 6% greater than shipments in 2022.
