# September 2025 Hogs and Pigs Report: Here's What You Need to Know - Pork Business

> USDA's September Hogs and Pigs report showed the breeding herd at 5.93 million head, down 2% from a year earlier and lower than June, contrary to expectations of an increase. Analysts said retention was weaker than culling, and expect hog prices to stay well supported into 2026 with no supply growth and low feed costs.

- Date: 2025-09-25 · published 2025-09-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/23030-september-2025-hogs-and-pigs-report-here-s-what-you-need-to-know-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A shrinking breeding herd points to limited pork supply ahead, supporting hog prices and reducing hog-related feed demand growth. Lower feed costs partly offset this by improving producer margins.

## Read by commodity

- SBM: neutral
- CORN: neutral
- 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 | 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 | 2026-06-25 | [June Hogs and Pigs Report: Steady Inventory and Razor Thin Margins - Pork Business](https://feedsoft.ai/events/18960-june-hogs-and-pigs-report-steady-inventory-and-razor-thin-margins-pork-business.md) | -0.2% | +7.3% |
| HOGS | 2021-12-24 | [Positive Hogs and Pigs Report Wraps Up Profitable Year for Producers - Pork Business](https://feedsoft.ai/events/43762-positive-hogs-and-pigs-report-wraps-up-profitable-year-for-producers-pork.md) | -0.8% | +5.0% |
| 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% |
| CORN | 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) | +5.6% | +3.1% |
| CORN | 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) | +5.6% | -5.6% |
| CORN | 2021-12-10 | [USDA's December Crop Reports Produced No Real Surprises; Here's Why - AgWeb](https://feedsoft.ai/events/43522-usda-s-december-crop-reports-produced-no-real-surprises-here-s-why-agweb.md) | -0.3% | -0.8% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/hog-production/september-2025-hogs-and-pigs-report-heres-what-you-need-know

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