ANALYSIS: Hogs and Pigs Report Reflects Smaller Breeding Herd
According to the USDA’s Quarterly Hogs and Pigs report, the total United States hog and pig inventory as of September 1, 2025, was 74.5 million head. This figure was down 1% from the same period in 2024 but up 1% from the previous quarter. The breeding herd totaled 5.93 million head, reflecting a 2% decline year-over-year and a slight decrease from June. Market hog inventory came in at 68.5 million head, also 1% below last year but 1% higher than the prior quarter.
The report shows a modest…
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