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USDA's March Hogs and Pigs report put total hog inventory at 74.3 million head, 0.4% above a year earlier and 1.5% below December. Market hogs rose 0.6% and pigs per litter rose 2.1%, offset by a 1.5% drop in the breeding herd.
Farrowing intentions through August are below year-ago levels.
Lower farrowing intentions could tighten hog supplies in the second half of 2026, supporting hog prices and feed demand. Near-term price effects are described as broadly neutral.
mktvsn.comSheena LeviMar 30, 2026After 61 past neutral report events, HOGS moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.
