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USDA Hogs & Pigs Report 09/24 14:43
US Sept. 1 Hog Inventory Down 2% From Year Ago
2025 2026 2027 2026 as 2027 as
percent percent
of 2025 of 2026
(1,000 head) (1,000 head) (percent)
All Hogs Sept. 1 75,438 74,302 98%
Kept for Breeding 5,936 5,875 99%
Kept for Marketing 69,502 68,427 98%
WEIGHT BREAKDOWN
Under 50 lbs. 22,211 21,866 98%
50-119 lbs. 20,283 19,976 98%
120-179 lbs. 14,358 14,142 98%
180 lbs. 12,650 12,443 98%
FARROWINGS/INTENTIONS*
Jun-Aug 2,965 2,886 97%
Sep-Nov* 2,907 2,855 98%
Dec-Feb* 2,831 2,737 2,795 97% 102%
Jun-Aug Pig Crop 35,044 34,508 98%
(number) (number) (percent)
Jun-Aug Pigs Per Litter 11.82 11.96 101%
This article was originally posted at 2:18 p.m. CDT on Thursday, Sept. 24.
It was last updated with additional information at 2:43 p.m. CDT on
Thursday, Sept. 24.
**
OMAHA (DTN) -- United States inventory of all hogs and pigs on Sept. 1,
2026, was 74.3 million head. This was down 2% from Sept. 1, 2025, but up
2% from June 1, 2026, USDA NASS reported on Thursday.
Breeding inventory, at 5.87 million head, was down 1% from last year, and
down slightly from the previous quarter, NASS said.
Market hog inventory, at 68.4 million head, was down 2% from last year,
but up 2% from last quarter, NASS said.
The June-August 2026 pig crop, at 34.5 million head, was down 2% from
2025. Sows farrowing during this period totaled 2.89 million head, down 3%
from 2025. The sows farrowed during this quarter represented 49% of the
breeding herd. The average pigs saved per litter was 11.96 for the June-
August period, compared to 11.82 last year, NASS said.
United States hog producers intend to have 2.85 million sows farrow during
the September-November 2026 quarter, down 2% from the actual farrowings
during the same period one year earlier, and down 2% from the same period
two years earlier. Intended farrowings for December 2026-February 2027, at
2.80 million sows, are up 2% from the same period one year earlier, but
down 1% from the same period two years earlier, NASS said.
The total number of hogs under contract owned by operations with over
5,000 head, but raised by contractees, accounted for 56% of the total
United States hog inventory, up 4% from the previous year, NASS said.
REVISIONS
All inventory and pig crop estimates for September 2025 through June 2026
were reviewed using final pig crop, official slaughter, death loss, and
updated import and export data. The revision made to the June 2026 all
hogs and pigs inventory was 0.7%. A revision of 0.4% was made to the March
2026-May 2026 pig crop. A net revision of 1.0% was made to the March 2026
all hogs and pigs inventory. The net revision made to the December 2025-
February 2026 pig crop was 1.9%.
DTN ANALYSIS
Thursday's Quarterly Hogs and Pigs report will likely be absorbed by the
market as a bullish report, as the total number of hogs is down 2% from a
year ago, the breeding herd is down 1% from a year ago and even market hog
inventories are down 2% compared to a year ago, DTN Livestock Analyst
ShayLe Stewart said after the report's release.
"But the only line item that really made me ponder how the greater
industry will absorb this data was the fact that the breeding herd --
sitting at 5.87 million head -- is down 2% for a year ago but is up 2%
from last quarter," Stewart said. "Thankfully, upon looking at individual
weight data, there isn't an overabundance of hogs weighing 180 pounds or
more. So, hopefully, with adequate throughput, there shouldn't be any
major supply issues or burdensome inventories, even though market hog
supplies are up 2% from last quarter.
"Hopefully, this report will lend some bullish support to the marketplace,
which the complex needs."
**
To view the full Quarterly Hogs and Pigs report, visit
https://www.nass.usda.gov/
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