# Hog prices fall on USDA report of unexpectedly large hog herd - AgCanada

> USDA's quarterly Hogs and Pigs report showed the US hog herd at 71.5 million head as of Dec. 1, about 104% of last year and above analyst expectations of 71.1 million. CME lean hog futures fell more than 2% on Dec. 23 after the release, while cold storage pork stocks came in below estimates.

- Date: 2016-12-28 · published 2016-12-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73604-hog-prices-fall-on-usda-report-of-unexpectedly-large-hog-herd-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A larger-than-expected hog supply with reduced holiday slaughter weighs on lean hog prices and adds to pork supply, reducing demand for feed ingredients at the margin.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-06-30 | [U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada](https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada.md) | +4.0% | +9.4% |
| HOGS | 2021-06-30 | [Economists Forecast Hog Prices Following June USDA Quarterly Report - Pork Business](https://feedsoft.ai/events/46730-economists-forecast-hog-prices-following-june-usda-quarterly-report-pork.md) | +0.4% | -0.5% |
| 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 | 2019-06-28 | [US lean hogs rally and USDA expand herd
						 \| The Pig Site](https://feedsoft.ai/events/58741-us-lean-hogs-rally-and-usda-expand-herd-the-pig-site.md) | -3.1% | +10.4% |
| 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% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/hog-prices-fall-after-usda-report-of-unexpectedly-large-hog-herd

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