# Hogs and Pigs Report: Wild Revisions and a Few Surprises - Pork Business

> USDA's 1 December Quarterly Hogs and Pigs Report showed total inventory of 77.5 million head, down 1% from a year earlier, and breeding inventory of 6.28 million, down 3%. Analysts said the breeding herd decline raises uncertainty about summer and fall 2021 supplies.

- Date: 2020-12-24 · published 2020-12-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49796-hogs-and-pigs-report-wild-revisions-and-a-few-surprises-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller breeding herd points to reduced hog supply in 2021, which is supportive for hog prices and implies lower feed demand from hog production later.

## Read by commodity

- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-09-25 | [September 2025 Hogs and Pigs Report: Here's What You Need to Know - Pork Business](https://feedsoft.ai/events/23030-september-2025-hogs-and-pigs-report-here-s-what-you-need-to-know-pork-business.md) | -0.8% | -13.5% |
| 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 | 2021-03-29 | [Bullish March 'Hogs and Pigs' report](https://feedsoft.ai/events/48270-bullish-march-hogs-and-pigs-report.md) | +1.6% | +8.8% |
| CORN | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +0.5% | +0.1% |
| CORN | 2024-01-12 | [Corn and Soybean Prices Tank After USDA Report Makes Surprising Revisions to Yield - AgWeb](https://feedsoft.ai/events/32065-corn-and-soybean-prices-tank-after-usda-report-makes-surprising-revisions-to.md) | -0.9% | -5.5% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/markets/market-reports/hogs-and-pigs-report-wild-revisions-and-few-surprises

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