For the Quarter Ending September 2025
North America
• In the United States, the Pork Price Index rose in Q3 2025, influenced by rising producer input costs.
• Pork production costs increased, with PPI rising 2.6% year-over-year in August 2025, impacting supply margins.
• Pork demand outlook was mixed; consumer confidence declined to 94.2 in September 2025, suggesting cautious spending.
• Retail sales showed robust growth of 5.42% year-over-year in September 2025, supporting consumer purchases.
• General inflation, indicated by a 3.0% year-over-year CPI increase in September 2025, influenced the Pork Price Index.
• Slow industrial production growth in September 2025 tempered consumer purchasing power.
• Rising energy and feed costs, reflected in August 2025 PPI, contributed to higher overall production expenses for pork.
• Weakening consumer optimism, with the Consumer Confidence Index at 94.2 in September 2025, impacted discretionary spending.
Why did the price of Pork change in September 2025 in North America?
• Producer input costs for pork increased, as indicated by a 2.6% year-over-year rise in PPI in August 2025.
• Consumer purchasing power was affected by a 3.0% year-over-year CPI increase and 4.3% unemployment in September 2025.
• Despite robust 5.42% year-over-year retail sales growth, declining consumer confidence tempered overall demand.
APAC
• In China, the Pork Price Index fell quarter-over-quarter in Q3 2025, influenced by weak consumer demand and declining producer prices.
• Pork production costs trended downwards in September 2025, as the Producer Price Index decreased by 2.3% year-over-year.
• The Pork Demand Outlook is bearish, with the Consumer Price Index falling 0.3% year-over-year in September 2025.
• Consumer confidence remained low at 89.6 in September 2025, suggesting cautious spending and reduced household pork consumption.
• China's Manufacturing Index was contracting in September 2025, indirectly impacting overall economic activity and food processing demand.
• Despite retail sales increasing 3.0% year-over-year in September 2025, overall pork demand faced headwinds.
• Industrial production expanded by 6.5% year-over-year in September 2025, offering some support to general economic activity.
• The Pork Price Index forecast suggests continued downward pressure or stability, influenced by prevailing bearish macroeconomic conditions.
Why did the price of Pork change in September 2025 in APAC?
• Weak consumer demand, with CPI down 0.3% year-over-year in September 2025, pressured pork prices.
• Declining producer prices, PPI at -2.3% year-over-year in September 2025, reduced pork production costs.
• Low consumer confidence (89.6 index) and a contracting Manufacturing Index in September 2025 dampened market sentiment.
Europe
• In Germany, the Pork Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity.
• Pork production costs decreased in September 2025, driven by a -1.7% year-over-year Producer Price Index.
• Pork demand outlook is bearish, as the Consumer Price Index rose 2.4% year-over-year in September 2025.
• Consumer spending on pork remained stable in September 2025, with retail sales increasing by 0.2% year-over-year.
• The Manufacturing Index contracted in Q3 2025, signaling weaker industrial demand for processed pork products.
• Industrial production declined by 1.0% year-over-year in September 2025, impacting pork processing and distribution.
• A stable 6.3% unemployment rate in September 2025 suggests constrained household incomes, limiting pork consumption.
• Pork price forecast remains pressured by weak economic indicators despite lower production costs in Q3 2025.
• Consumer confidence showed stable inflation expectations in Q3 2025, offering some support against further demand decline.
Why did the price of Pork change in September 2025 in Europe?
• Consumer purchasing power was reduced by a 2.4% year-over-year CPI increase in September 2025.
• Production costs for pork decreased due to a -1.7% year-over-year Producer Price Index in September 2025.
• Overall demand for pork was dampened by a contracting Manufacturing Index in Q3 2025.
