Loading…
USDA's quarterly Hogs and Pigs report showed total hog inventory up 0.44% year over year, with the breeding herd down 1.47% to 5.892 million head. Sow numbers were revised lower from December, and the report came in below pre-report expectations.
Analysts expect near-term supply to be limited in late spring and summer.
A smaller breeding herd and tighter late-spring and summer supply point to firmer hog and pork prices, especially for bellies and trim. Feed buyers may see stronger hog-finishing demand for feed.
porkcheckoff.orgMar 27, 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.
