Economic Release
US: Hogs & Pigs
Date: March 27, 2025 02:00 PM CT
| Hogs and Pigs Report Summary - March 1 Inventory | |||
| Current Year Million Head | Current Year as Percent of Last Year | Current Year as Percent of 2 Years Ago | |
| All Hogs and Pigs | 74.512 | 99.8 | 100.5 |
| Kept for Breeding | 5.980 | 99.4 | 97.3 |
| Kept for Market | 68.532 | 99.8 | 100.8 |
| Market Hogs and Pigs by Weight Group | |||
| Under 50 Pounds | 21.301 | 99.7 | 104.2 |
| 50-119 Pounds | 19.032 | 99.6 | 99.9 |
| 120-179 Pounds | 15.700 | 99.7 | 99.7 |
| 180 Pounds and Over | 12.499 | 100.5 | 98.0 |
| Pig Crop | |||
| Dec-Feb | 33.701 | 99.8 | 103.6 |
| Hogs & Pigs March 1 Inventory Estimates | |||
| Hightower | Low | High | |
| All Pigs | 101.0% | 100.2% | 101.9% |
| Kept for Breeding | 100.2% | 99.9% | 100.7% |
| Kept for Market | 100.9% | 100.2% | 102.0% |
| Market Hogs and Pigs by Weight Group | |||
| Under 50 Pounds | 101.4% | 100.4% | 102.4% |
| 50-119 Pounds | 101.3% | 100.3% | 102.3% |
| 120-179 Pounds | 101.0% | 99.9% | 102.3% |
| 180 Pounds and Over | 100.0% | 99.0% | 101.3% |
| Pig Crop | |||
| Dec-Feb | 101.1% | 99.9% | 102.1% |
Highlights
The USDA Hogs and Pigs report showed the March 1 US hogs and pigs at 74.512 million head (record high for March 1 inventory was 76.104 in 2020), 99.8% of last year versus an average trade expectation of 101% and a range of 100.2% to 101.9%. The number of head kept for breeding was 5.980 million, 99.4% of last year versus 100.2% expected (range 99.9%-100.7%), and market hogs were 99.8% versus 100.9% expected (range 100.2%-102%). Market hogs under 50 pounds came in at 99.7% of last year versus the average trade expectation of 101.4%, 50-119 pounds 99.6% versus 101.3%, 120-179 pounds 99.7% versus 101%, 180 pounds and over 100.5% versus 100%. The December-February pig crop came in at 99.8% of last year versus an average trade expectation of 101.1% expected (range 99.9%-102.1%).
Definition
This full-text report, issued four times yearly, presents data on the U.S. pig crop for 16 major states and the U.S., including inventory number by class, weight group, farrowings, and farrowing intentions. Pigs per litter and pig crop by quarter are also covered in the report. Data was gathered from a random sample of approximately 7,500 U.S. producers of varying sizes, though large operations were sampled more heavily.
Description
This report presents a quarterly accounting of hog and pig inventory and of the quarterly pig crop, i.e. pig production. It is the most complete information on pig supply that the USDA produces.
Inventory numbers are reported as of the first day of the month that the report is released. These numbers are not projections; they represent current supply data based on statistical surveys of hog producers. The report includes weight breakdowns, which is helpful in determining the how close hogs are to finishing and ready for slaughter. There is also a breakdown between the number that have been kept for breeding and those that will be sent to market. The “kept for breeding” number provides insight about herd expansion or contraction, while the “market” number provides information on more immediate supply. State-by-state breakdown are included as well.
In addition to the inventory numbers, the report presents quarterly pig crop, sows farrowing, and pigs per litter data. These numbers provide insight into hog production. Data on the previous two years is included, as well as forecasts for the next two quarters.
Inventory numbers are reported as of the first day of the month that the report is released. These numbers are not projections; they represent current supply data based on statistical surveys of hog producers. The report includes weight breakdowns, which is helpful in determining the how close hogs are to finishing and ready for slaughter. There is also a breakdown between the number that have been kept for breeding and those that will be sent to market. The “kept for breeding” number provides insight about herd expansion or contraction, while the “market” number provides information on more immediate supply. State-by-state breakdown are included as well.
In addition to the inventory numbers, the report presents quarterly pig crop, sows farrowing, and pigs per litter data. These numbers provide insight into hog production. Data on the previous two years is included, as well as forecasts for the next two quarters.
