Iowa State University publishes monthly estimates of cost returns on hogs that provides a general outlook on the margins that many producers are experiencing.

Total returns for farrow-to-finish producers stay positive, with estimates calculating that on average producers saw a profit of $13.48 per head in April 2025 (Figure 1). Returns decreased by $1.83 from March ($15.31 per head) after increasing by $1.24 the previous month. This...