| tmrand - 11/8/2026 19:45 There are a ton of hogs raised in my vicinity by the BIGS I'm referring to. And they gobble quite a bit of the grain grown in our area. So you are correct. However, they mostly sell pork as retail though...........so the futures markets themselves don't mean much.
The BIGS (the big integrators, Smithfield/Seaboard/Triumph/etc) are taking it on the chin in a big way right now. The pork cutout market is basically a dumpster fire. None of the "bigs" in the pork industry sell "retail", they sell wholesale meat to retail chains (Walmart/Costco/Krogers/Hyvee/etc).
The pork cutout market (the average price that wholesale pork is sold for) is $28/cwt lower than 1 year ago. That's $45 less per hog that the packer is selling the wholesale meat for than 1 year ago. On Smithfields 30 million head/year that would be 2.5 million per month. That's $112.5 million less in pork sales for a month with current prices vs 1 year ago.
If this continues longer term, this will impact future grain usage.
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Hog mkt. crash?
