# June Hogs and Pigs Report: Steady Inventory and Razor Thin Margins - Pork Business

> 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.

- Date: 2026-06-25 · published 2026-06-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/18960-june-hogs-and-pigs-report-steady-inventory-and-razor-thin-margins-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-12-24 | [Hogs and Pigs Report: Wild Revisions and a Few Surprises - Pork Business](https://feedsoft.ai/events/49796-hogs-and-pigs-report-wild-revisions-and-a-few-surprises-pork-business.md) | +1.0% | +4.2% |
| HOGS | 2017-06-30 | [Hog Futures Extend Rally After Inventory Report \| Fox Business](https://feedsoft.ai/events/70644-hog-futures-extend-rally-after-inventory-report-fox-business.md) | +1.5% | -6.0% |
| HOGS | 2021-09-27 | [Lean Hog and Pork Cutout Futures Surge After Hogs and Pigs Report - Pork Business](https://feedsoft.ai/events/45203-lean-hog-and-pork-cutout-futures-surge-after-hogs-and-pigs-report-pork-business.md) | +4.1% | -12.1% |
| HOGS | 2021-03-29 | [Bullish March 'Hogs and Pigs' report](https://feedsoft.ai/events/48270-bullish-march-hogs-and-pigs-report.md) | +1.6% | +8.8% |
| HOGS | 2025-09-25 | [September 2025 Hogs and Pigs Report: Here's What You Need to Know - Pork Business](https://feedsoft.ai/events/23030-september-2025-hogs-and-pigs-report-here-s-what-you-need-to-know-pork-business.md) | -0.8% | -13.5% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/june-hogs-and-pigs-report-steady-inventory-and-razor-thin-margins

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.