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/