# A Surprise in the December Hogs and Pigs Report: Breeding Herd Increases - Pork Business

> USDA's December Hogs and Pigs report showed the US breeding herd up 0.5% from a year earlier, against a pre-report trade average of down 0.3%. December-February farrowing intentions are up 1.0%, and the first estimate for March-May 2023 farrowing is up 0.5%.

- Date: 2022-12-24 · published 2022-12-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38373-a-surprise-in-the-december-hogs-and-pigs-report-breeding-herd-increases-pork
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A larger breeding herd and higher farrowing intentions signal more hog supply in 2023, which is bearish for hog prices later in the year.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-09-28 | [Hogs and Pigs Report resembles a bear](https://feedsoft.ai/events/51247-hogs-and-pigs-report-resembles-a-bear.md) | +3.0% | -1.4% |
| HOGS | 2025-04-01 | [Next Hogs and Pigs Report: March Madness or more of the same?](https://feedsoft.ai/events/25747-next-hogs-and-pigs-report-march-madness-or-more-of-the-same.md) | +0.0% | +3.6% |
| 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% |
| HOGS | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | +0.3% | +0.7% |
| HOGS | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.0% | +13.0% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/hog-production/surprise-december-hogs-and-pigs-report-breeding-herd-increases

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