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The December 2024 USDA Hogs and Pigs report showed market hog inventory up 0.5% and the total hog inventory up 0.5% as of December 1, with fall pigs per litter a record 11.99. Winter slaughter is expected to fall slightly and spring slaughter to rise.
Supply figures were close to expectations, so the impact on feed demand is modest, with demand likely to matter more for 2025 hog prices than slaughter changes.
nationalhogfarmer.comRon PlainJan 1, 2025After 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.
