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USDA's September Hogs and Pigs report showed total hog inventory at 74.472 million head, down 1% year over year, and a breeding herd of 5.934 million, down 2%. Minnesota breeding numbers fell 10%, and market hog inventory was down 1%, with summer farrowings down 3%.
Contracting hog numbers and lower farrowing intentions point to reduced pork supply ahead, which supports lean hog futures and tightens demand for hog-related feed.
nationalhogfarmer.comAnn HessOct 1, 2025After 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.
