USDA Hogs & Pigs Report               06/25 14:34

US June 1 Hog Inventory Down Slightly From Year Ago
 

                           2025               2026              2026 as
                                                                percent
                                                                of 2025
                       (1,000 head)       (1,000 head)         (percent)

All Hogs June 1          73,697              73,664               100%
Kept for Breeding         5,949               5,880                99%
Kept for Marketing       67,748              67,784               100%

WEIGHT BREAKDOWN
Under 50 lbs.            21,096              21,106               100%
50-119 lbs.              19,166              19,071               100%
120-179 lbs.             14,825              14,897               100%
180 lbs.                 12,661              12,710               100%

FARROWINGS/INTENTIONS* 
Mar-May                   2,852               2,823                99%
Jun-Aug*                  2,965               2,900                98%
Sep-Nov*                  2,907               2,891                99%
Mar-May Pig Crop         33,513              33,521               100%

                          (number)          (number)           (percent)

Mar-May Pigs Per Litter   11.75               11.87               101%


This article was originally posted at 2:18 p.m. on Thursday, June 25. It 
was last updated with additional information at 2:34 p.m. on Thursday, 
June 25.

**

OMAHA (DTN) -- United States inventory of all hogs and pigs on June 1, 
2026, was 73.7 million head. This was down slightly from June 1, 2025, and 
down slightly from March 1, 2026, USDA NASS reported on Thursday.

Breeding inventory, at 5.88 million head, was down 1% from last year, and 
down slightly from the previous quarter.

Market hog inventory, at 67.8 million head, was up slightly from last 
year, but down slightly from last quarter.

The March-May 2026 pig crop, at 33.5 million head, was up slightly from 
2025. Sows farrowing during this period totaled 2.82 million head, down 1% 
from 2025. The sows farrowed during this quarter represented 48% of the 
breeding herd. The average pigs saved per litter was 11.87 for the March-
May period, compared to 11.75 last year.

United States hog producers intend to have 2.90 million sows farrow during 
the June-August 2026 quarter, down 2% from the actual farrowings during 
the same period one year earlier, and down 3% from the same period two 
years earlier. Intended farrowings for September-November 2026, at 2.89 
million sows, are down 1% from the same period one year earlier, and down 
1% from the same period two years earlier.

The total number of hogs under contract owned by operations with over 
5,000 head, but raised by contractees, accounted for 55% of the total 
United States hog inventory, up 2% from the previous year. 

Revisions

All inventory and pig crop estimates for June 2025 through March 2026 were 
reviewed using final pig crop, official slaughter, death loss, and updated 
import and export data. The revision made to the March 2026 all hogs and 
pigs inventory was 0.5%. The revision made to the December 2025-February 
2026 pig crop was 0.2%. The net revision made to the December 2025 all 
hogs and pigs inventory was 0.5%. A net revision of 0.9% was made to the 
September 2025-November 2025 pig crop.

DTN ANALYSIS

Thursday's Quarterly Hog and Pigs report will likely be absorbed as a 
neutral report, as there were both positive and negative line items to 
note, according to DTN Livestock Analyst ShayLe Stewart.  

"Boding well for the market is the fact that the total inventory of hogs 
and pigs was down slightly from a year ago and from last quarter's report, 
as well," Stewart said. "And it's also bullish to note that the breeding 
herd is down 1% at 5,880,000 head. 

"Where the headache stemmed from this report is that the liter size for 
the March-May pig crop is slightly larger than a year ago, and that could 
add some supply pressure to the market in the upcoming months. 

"But all in all, it's likely that the report will be quickly glanced over 
and given that there are no drastic differences from last quarter or a 
year ago, it's likely that the report will have little effect on the hog 
complex."

To view the full Quarterly Hogs and Pigs report, visit 
https://www.nass.usda.gov/