
USDA's December Hogs and Pigs report put the December 1 hog inventory at 75.5 million head, up 0.6% year over year and above expectations. The 180-pound-and-over class rose 2.8%, and the September to November pig crop was higher than expected at a record 11.93 pigs per litter.
The breeding herd fell 0.9%, the smallest December 1 breeding herd since 2014.
Heavier hog supplies arriving at packers in early 2026 add near-term downward pressure on hog prices. The small breeding herd limits longer-term supply growth, which keeps the outlook more balanced.
Setelah 159 peristiwa laporan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.