# Latest USDA ‘Hogs and Pigs’ Report Points to Limited Supply Growth - Pork Checkoff

> 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.

- Date: 2026-03-27 · published 2026-03-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/20320-latest-usda-hogs-and-pigs-report-points-to-limited-supply-growth-pork-checkoff
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-09-24 | [What Could the Upcoming Hogs and Pigs Report Hold in Store and Implications for Pork Supply in 2025? - Pork Checkoff](https://feedsoft.ai/events/28476-what-could-the-upcoming-hogs-and-pigs-report-hold-in-store-and-implications-for.md) | -0.5% | -3.1% |
| 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 | 2024-04-24 | [Rabobank Report: Strong Exports and Limited Supply Growth Drive Pork Industry Return to Profitability - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/30886-rabobank-report-strong-exports-and-limited-supply-growth-drive-pork-industry.md) | -2.8% | -0.7% |
| HOGS | 2021-06-25 | [Latest Hogs and Pigs report shows a decline in farrowing intentions - Brownfield Ag News](https://feedsoft.ai/events/46731-latest-hogs-and-pigs-report-shows-a-decline-in-farrowing-intentions-brownfield.md) | +2.6% | +2.4% |
| 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

- porkcheckoff.org: https://porkcheckoff.org/news/latest-usda-hogs-and-pigs-report-points-to-limited-supply-growth/

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