Hero Image

Pork Trends 

Farmer's Report - August 21, 2026

 

All pork pricing trends are based on USDA data as of August 14, 2026.

The USDA reported a weekly hog harvest of 2.334 MM hogs last week. This level is roughly 2.3% higher than the prior week. Running harvest level year-to-date is down 0.7% compared to last year. Historically, harvests reach their lowest levels annually between July and early August.

Loins arrow up

Both bone-in and boneless loins edged slightly higher. Seasonal demand is fair, although the market has struggled to gain any consistent traction, and supply remains adequate, according to analysts. Historically, the bone-in loin market is rangebound during August, while boneless loins tend to move marginally higher.

Tenders arrow up

The pork tenderloin market pivoted slightly higher. Supply is good while demand has been good, but variable, according to analysts. Historically, tenders have been relatively rangebound during August, but markets can react to unforeseen retail promotion.

Butts arrow down

The bone-in butt market decreased slightly. Supply is good, while demand has been declining seasonally, but is beginning to show signs of stabilizing, according to analysts. The seasonal market correction historically begins to stabilize by early August, and promotional activities for Labor Day may elevate the market.

Ribs arrow down

The rib markets remained soft, as core varieties of backribs and spareribs continued to see seasonal declines. Demand is on the downturn. From a timing perspective, the market is moving beyond the bulk of its summer correction. Historically, the sparerib markets have found better stability and support for the balance of the year, whereas backribs have shown more propensity for gradual depreciation.

Bellies/Bacon arrow up

The belly markets continued to climb, but the rate of increase is trending lower. Supply has generally been good, but the industry is working through the lowest harvest levels of the year, which, combined with stronger seasonal demand, is generating strength in the belly market, according to analysts. Historically, the belly markets peak by early August.

Hams arrow down

The ham markets continued to decrease, but the rate of decline slowed drastically from the prior week. Supply remains good on a seasonal basis, with stronger inventories being reported in cold storage, and demand continues to weaken seasonally. Historically, following a summertime rally, the ham markets have tended to decline through August.

Trimmings arrow steady

The trimming markets remained divergent, as the 42% fat trimmings continued to rise, while the 72% lean trimmings continued to decrease. Supply is generally good, and demand is strong on a seasonal basis, according to analysts. Traditionally, upward momentum in the trimmings markets begins to slow by early-to-mid August.

Picnics arrow steady

The picnic complex remained generally soft, as bone-in picnics remained unchanged, while boneless picnics continued lower. The bone-in picnic market has recovered somewhat on a seasonal basis, but has struggled to maintain upward momentum over the past couple of months. Historically, the bone-in picnic market ebbs and flows higher throughout the calendar year, peaking near late December. The boneless picnics are heavily used by Further Processors, similar to trimmings, and demand is likely beginning to decline as Labor Day needs get covered, according to analysts. Historically, upward momentum for boneless picnics begins to slow by early early-to-mid August.

Commodity Trends at Your Fingertips: Dive into the Farmer's Report