Pork and broiler production are forecast down 2.4 percent and 3.8 percent respectively. Hog producers' cash receipts are expected to decrease 13 percent in 2009. The global recession has reduced both domestic and foreign demand, resulting in low pork and hog prices. Summer 2009 prices were lower due to weak demand, and second-quarter pork exports dropped 31 percent from second-quarter 2008 as Asian market demand weakened. For 2009, the USDA expects hog prices to average $40-$41 per cwt, almost 15 percent below 2008's prices. Commercial pork production in 2009 is expected to be more than 2 percent below production in 2008, but the sharper decline in pork demand accounts for the projected decline in hog receipts.
http://www.ers.usda.gov/Briefing/FarmIncome/nationalestimates.htm