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USDA's quarterly Hogs and Pigs report put the June 1 US inventory of all hogs and pigs at 73.7 million head, down from a year earlier and below the March 1 figure. Analysts said the herd was slightly smaller than expected and producers are earning razor-thin margins, with average 2026 profit just over $6 a head.
A slightly smaller herd than expected supports hog prices and suggests limited near-term supply growth, though thin margins mean producers are unlikely to expand quickly.
porkbusiness.comClinton GriffithsJun 25, 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.
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.
