# Quarterly Hogs & Pigs Report – Hog Markets Will Need Strong Demand to Bring Better Prices in 2023 | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's March 1 Quarterly Hogs and Pigs report put the total U.S. hog inventory at 72.9 million head, slightly up year over year but down 2% from December. The breeding herd was 6.13 million and the Dec-Feb pig crop was estimated at 32.1 million, both slightly higher than 2022.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/36549-quarterly-hogs-and-pigs-report-hog-markets-will-need-strong-demand-to-bring
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Inventory came in above the lower numbers the industry expected, implying ample hog supply that weighs on prices unless demand strengthens.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-12-27 | [Quarterly Hogs and Pigs Report Puts Pressure on 2025 Prices \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/27096-quarterly-hogs-and-pigs-report-puts-pressure-on-2025-prices-farm-bureau-intel.md) | -3.4% | -2.8% |
| HOGS | 2022-03-29 | [Hog futures lower ahead of Quarterly Hogs and Pigs report from the USDA - Brownfield Ag News](https://feedsoft.ai/events/7630-hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report-from-the-usda.md) | -4.1% | +0.7% |
| HOGS | 2022-12-24 | [A Surprise in the December Hogs and Pigs Report: Breeding Herd Increases - Pork Business](https://feedsoft.ai/events/38373-a-surprise-in-the-december-hogs-and-pigs-report-breeding-herd-increases-pork.md) | -0.2% | -8.2% |
| HOGS | 2026-08-25 | [Heavier Hogs Keep U.S. Pork Production Growing as Demand Pressures Prices - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/18044-heavier-hogs-keep-u-s-pork-production-growing-as-demand-pressures-prices.md) | +0.5% | -5.9% |
| HOGS | 2018-06-29 | [Bearish Hogs and Pigs Report \| Red River Farm Network](https://feedsoft.ai/events/64671-bearish-hogs-and-pigs-report-red-river-farm-network.md) | -0.6% | -16.6% |

## Sources

- fb.org: https://www.fb.org/intel/markets/quarterly-hogs-pigs-report-hog-markets-will-need-strong-demand-to-bring-better-prices-in-2023

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