All pork pricing trends are based on USDA data as of October 16, 2026.
The USDA reported an estimated weekly hog harvest of 2.553 MM hogs last week. This level is roughly 2.5% lower than the prior week. Total harvest level year-to-date remains down roughly 1.0% compared to last year.
Loins 
Both the bone-in and boneless loin markets declined slightly. Seasonal demand is fair but declining, with supply remaining fully adequate, according to analysts. Historically, the loin markets have declined further in Q4.
Tenders
The pork tenderloin market decreased. Historically, the tenderloin market weakens during Q4 as supply outweighs demand.
Butts
The bone-in butt market continued lower, as improving supply and decreasing demand are pressuring the market, according to analysts. Historically, the pork butt market has tended to decline during October.
Ribs
All varieties of backribs and spareribs declined, except St. Louis-style spareribs. Historically, the sparerib markets have found better stability and support for the balance of the year, while backribs have shown more propensity for slight depreciation.
Bellies/Bacon
The belly market yielded to further unsettledness and declined again. Despite some limited recovery recently, the belly market remains near a three-year low and should still be considered semi-volatile in the short-term, according to analysts. Historically, the belly markets trend lower throughout Q4.
Hams
The ham markets continued to slip lower, following the brief gains seen through September. Supply remains good on a seasonal basis, with stronger year-over-year inventories being reported in cold storage. Historically, the ham markets have been relatively stable between October and November, trading within a moderate range.
Trimmings 
42% fat trimmings continued to fall, while 72% lean trimmings were unchanged. Both trimmings markets have moved beyond the bulk of their post-summer demand cycle and are transitioning to a softer bias through Q4, although early November can present better support as last-minute holiday needs come into play, according to analysts.
Picnics
The picnic markets continued to decrease. The bone-in picnic market has been counter-seasonally soft since early June. Historically, the bone-in picnic market ebbs and flows higher throughout the calendar year, peaking near late December, while the boneless picnic market trends lower during Q4.
The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.