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USDA Hogs & Pigs Report 06/26 14:51
US June 1 Hog Inventory Up Slightly From Year Ago
2024 2025 2025 as
percent
of 2024
(1,000 head) (1,000 head) (percent)
All Hogs June 1 74,891 75,137 100%
Kept for Breeding 6,008 5,979 100%
Kept for Marketing 68,884 69,158 100%
WEIGHT BREAKDOWN
Under 50 lbs. 21,279 21,536 101%
50-119 lbs. 19,398 19,421 100%
120-179 lbs. 15,190 15,260 100%
180 lbs. 13,017 12,941 99%
FARROWINGS/INTENTIONS*
Mar-May 2,920 2,907 100%
Jun-Aug* 2,985 2,974 100%
Sep-Nov* 2,925 2,946 101%
Mar-May Pig Crop 33,743 34,171 101%
(number) (number) (percent)
Mar-May Pigs Per Litter 11.56 11.75 102%
This article was originally posted at 2:18 p.m. on Thursday, June 26. It
was last updated with additional information at 2:51 p.m. on Thursday,
June 26.
**
OMAHA (DTN) -- United States inventory of all hogs and pigs on June 1,
2025, was 75.1 million head. This was up slightly from June 1, 2024, and
up 1% from March 1, 2025, USDA NASS reported on Thursday.
Breeding inventory, at 5.98 million head, was down slightly from last
year, and down slightly from the previous quarter.
Market hog inventory, at 69.2 million head, was up slightly from last
year, and up 1% from last quarter.
The March-May 2025 pig crop, at 34.2 million head, was up 1% from 2024.
Sows farrowing during this period totaled 2.91 million head, down slightly
from 2024. The sows farrowed during this quarter represented 49% of the
breeding herd. The average pigs saved per litter was 11.75 for the March-
May period, compared to 11.56 last year.
United States hog producers intend to have 2.97 million sows farrow during
the June-August 2025 quarter, down slightly from the actual farrowings
during the same period one year earlier, and down 2% from the same period
two years earlier. Intended farrowings for September-November 2025, at
2.95 million sows, are up 1% from the same period one year earlier, but
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 53% of the total
United States hog inventory, up 1% from the previous year.
REVISIONS
All inventory and pig crop estimates for June 2024 through March 2025 were
reviewed using final pig crop, official slaughter, death loss, and updated
import and export data. The revision made to the March 2025 all hogs and
pigs inventory was 0.3%. The net revision made to the December 2024 all
hogs and pigs inventory was 1.0%. A net revision of 1.0% was made to the
September 2024-November 2024 pig crop.
DTN ANALYSIS
The June 1 Hogs and Pigs report is expected to be viewed as generally
neutral, which will likely have a muted long-term impact on lean hog
futures and the cash market trade late in the week, according to DTN
Contributing Analyst Rick Kment.
"Overall market direction is expected to continue to be focused on
domestic and export pork demand over the near future with traders likely
to give little attention to inventory levels when returning to the market
Friday morning," Kment said. "Total hogs and pigs in the U.S. pork
production system were essentially unchanged from year-ago levels with
75.1 million head in the current production system. This is 100% or a year
ago. Although many seemed to feel that overall hog numbers would be
fractionally lower in pre-report estimates, the limited change from early
market estimates is not expected to be enough of a shift to cause trade
activity through the complex.
"Hogs kept for breeding were also held at 100% of year-ago levels at 5.98
million head. This is nearly identical to the March 1 total and shows
consistency in breeding and production systems throughout the year. The
consistency in breeding intentions could help sustain stable pork
production levels though the remainder of the year and well into 2026.
That will put more focus on pork demand and export activity, which will
have a greater impact on hog and pork prices though the coming months.
"The largest shifts in production levels were seen in young hog numbers,
with pigs under 50 pounds at 21.5 million head, which is 1% above a year
ago and 200,000 head above the March 1 level. Hogs in the heaviest
category of 180 pounds or greater fell from a year ago to 12.9 million
head. Current market prices and demand are helping to spur aggressive
selling of ready-to-market hogs, helping to keep the market more current.
"Pigs per litter have continued to increase, with December through May
levels at 11.7 head per litter, adding to the consistent strong production
during 2025."
To view the full Quarterly Hogs and Pigs report, visit
https://www.nass.usda.gov/
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