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More Bearish News for Hog Producers

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  • Franken, Jason

Abstract

The USDA’s March Hogs and Pigs report places the March 1 inventory of all hogs and pigs at 74.6 million head, down about 1.6% from last quarter, and up about 0.6% from a year ago, compared to pre-report expectations for just 0.1% higher. The market hog inventory is also about 0.8% larger than a year ago, while the breeding herd, which was expected to be down almost 3%, is down only 2.1%. The number of market hogs weighing over 180 pounds is 0.6% lower than at the same time last year, while inventories are up 0.3% for the 120-179 weight class in contrast to expectations for a 1.0% decrease, making inventories slightly higher than expected for the two upper weight classes, while the two lower weight classes are both up 1.5% from a year ago. Overall, the number of hogs weighing less than 180 pounds is up just 1.2% from this time last year, and these will be the market hogs arriving at processing plants from April to August.

Suggested Citation

  • Franken, Jason, 2025. "More Bearish News for Hog Producers," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(64).
    • Handle: RePEc:ags:illufd:358542
    DOI: 10.22004/ag.econ.358542
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