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USDA's June survey showed the US breeding herd on June 1 at 5.880 million head, down 12,000 from the prior quarter and 69,000 from a year earlier. Sow and boar slaughter was down 5% year on year, and producers show little appetite to expand despite strong 2025-26 profitability.
A shrinking US breeding herd points to tighter pork supplies next winter and spring, which supports hog prices and modestly reduces future feed demand.
meatingplace.comLen SteinerJun 30, 2026After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
