As you may have expected, there's more behind the hog price situation that meets the eye. Production is still high in the face of decreasing demand for pork. And supplies of beef have also had their effect on hog prices.
"Why is the Demand for Pork Dropping?,"
Iowa Farm Science: Vol. 10
, Article 4.
Available at: https://lib.dr.iastate.edu/farmscience/vol10/iss12/4