# U.S. March hog herd hits record high - Grainews

> USDA reported the number of US hogs on farms in the December-February quarter was up 3.1% year over year, a record for the quarter. Farmers expanded herds on cheaper feed and new packing plants, and analysts flagged trade war risk to pork exports.

- Date: 2018-03-30 · published 2018-03-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/66141-u-s-march-hog-herd-hits-record-high-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger hog herd supports feed demand over time but keeps pork prices under pressure, and possible export losses to China add downside risk.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-06-28 | [U.S. livestock: Hog futures higher on spreading - Grainews](https://feedsoft.ai/events/64667-u-s-livestock-hog-futures-higher-on-spreading-grainews.md) | +1.0% | -15.1% |
| HOGS | 2020-04-06 | [Record pig herd and stymied demand hits hog prices](https://feedsoft.ai/events/53801-record-pig-herd-and-stymied-demand-hits-hog-prices.md) | -4.4% | +26.7% |
| HOGS | 2021-06-25 | [U.S. livestock: July hogs limit-down to lowest since late March - Grainews](https://feedsoft.ai/events/7750-u-s-livestock-july-hogs-limit-down-to-lowest-since-late-march-grainews.md) | +2.6% | +2.4% |
| HOGS | 2023-10-02 | [U.S. livestock: CME lean hogs extend selloff on supply view - Grainews](https://feedsoft.ai/events/33781-u-s-livestock-cme-lean-hogs-extend-selloff-on-supply-view-grainews.md) | -0.2% | -10.7% |
| HOGS | 2018-07-08 | [Record hog and pig inventory forcing prices lower - High Plains Journal](https://feedsoft.ai/events/64198-record-hog-and-pig-inventory-forcing-prices-lower-high-plains-journal.md) | -1.8% | -22.3% |
| CORN | 2022-04-08 | [Food prices hit record high in March, U.N. agency says \| Reuters](https://feedsoft.ai/events/41886-food-prices-hit-record-high-in-march-u-n-agency-says-reuters.md) | -0.7% | -6.4% |
| CORN | 2021-05-13 | [Grain Barge Tonnages Reach Record High \| Feed & Grain](https://feedsoft.ai/events/46996-grain-barge-tonnages-reach-record-high-feed-and-grain.md) | -7.7% | -2.2% |
| CORN | 2024-05-02 | [Setting the Record Straight on Ukraine’s Grain Exports](https://feedsoft.ai/events/14303-setting-the-record-straight-on-ukraine-s-grain-exports.md) | +0.9% | +5.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-march-hog-herd-hits-record-high/

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