# More market hogs than expected, fewer breeding

> USDA's March Hogs and Pigs survey put the US swine herd at 77.6 million head, up 4% year on year and close to the December record. Market hog inventory came in above trade expectations, while the breeding herd was slightly smaller than expected, and June-August farrowing intentions were down 4.3%.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/54293-more-market-hogs-than-expected-fewer-breeding
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A larger market hog supply with stronger expected slaughter and foreign markets needed to absorb record output points to lower hog prices.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-04-02 | 5 | -19.1% | -4.9 | The Hogs and Pigs report showed market hog inventory above expectations, adding to burdensome supply just as demand fell. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-01-06 | [More market hogs expected in 2017](https://feedsoft.ai/events/73128-more-market-hogs-expected-in-2017.md) | +3.4% | +11.8% |
| HOGS | 2017-07-19 | [Higher US Hog Numbers Expected to Result in Lower Market Prices
						 \| The Pig Site](https://feedsoft.ai/events/4731-higher-us-hog-numbers-expected-to-result-in-lower-market-prices-the-pig-site.md) | -0.8% | -10.2% |
| HOGS | 2023-12-19 | [More hogs, soft demand driving lower Q4 hog prices](https://feedsoft.ai/events/32856-more-hogs-soft-demand-driving-lower-q4-hog-prices.md) | -1.7% | +1.5% |
| HOGS | 2023-01-09 | [Ask the Experts: Pork Markets - Pork Checkoff](https://feedsoft.ai/events/37922-ask-the-experts-pork-markets-pork-checkoff.md) | -2.9% | -5.8% |
| 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% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/more-market-hogs-than-expected-fewer-breeding

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