USDA Sept. 1 Hogs and Pigs Report

By DTN Staff

This article was originally posted at 2:12 p.m. CDT on Thursday, Sept. 26. It was last updated with additional information at 3:38 p.m. CDT on Thursday, Sept. 26.

**

OMAHA (DTN) -- United States inventory of all hogs and pigs on Sept. 1, 2024, was 76.5 million head. This was up slightly from Sept. 1, 2023, and up 2% from June 1, 2024, USDA NASS reported on Thursday.

Breeding inventory, at 6.04 million head, was down 2% from last year, but up 1% from the previous quarter.

Market hog inventory, at 70.4 million head, was up 1% from last year, and up 2% from last quarter.

The June-August 2024 pig crop, at 35.0 million head, was down 1% from 2023. Sows farrowing during this period totaled 2.99 million head, down 2% from 2023. The sows farrowed during this quarter represented 50% of the breeding herd. The average pigs saved per litter was 11.72 for the June-August period, compared to 11.61 last year.

United States hog producers intend to have 2.96 million sows farrow during the September-November 2024 quarter, down slightly from the actual farrowings during the same period one year earlier, and down 4% from the same period two years earlier. Intended farrowings for December 2024-February 2025, at 2.93 million sows, are up slightly from the same period one year earlier, but down 1% from the same period two years earlier.

The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 53% of the total United States hog inventory, up 1% from the previous year.

REVISIONS

All inventory and pig crop estimates for September 2023 through June 2024 were reviewed using final pig crop, official slaughter, death loss, and updated import and export data. The revision made to the June 2024 all hogs and pigs inventory was 1.0%. A revision of 0.3% was made to the March 2024-May 2024 pig crop. A net revision of 0.2% was made to the March 2024 all hogs and pigs inventory. The net revision made to the December 2023-February 2024 pig crop was 1.8%.

DTN ANALYSIS

"Thursday's quarterly Hogs and Pigs report came with no real surprises until you looked at the number of hogs kept for marketing -- and especially that of hogs weighing over 180 pounds," said DTN Livestock Analyst ShayLe Stewart. "Today's data revealed there are 13,014,000 head of hogs weighing 180 pounds or more to be marketed, which is up 5% compared to a year ago. Not helping matters is that the next weight division of hogs, weighing 120 to 179 pounds, is up 3% compared to a year ago, totaling 14,997,000 head. Coupling that data with the fact that packers have been running slower processing speeds as of late brings great worries and concerns about an overabundance of supply in the market in the near future.

"Even though the lean hog complex closed lower Thursday afternoon, it's likely that traders will again react poorly to the report's official data when the market opens on Friday."

**

To view the full Quarterly Hogs and Pigs report, visit https://www.nass.usda.gov/…

	2023	2024	2025	2024 as	2025 as
				percent of 2023	percent of 2024
	(1,000 head)	(1,000 head)		(%)
All Hogs Sept. 1	76,133	76,480		100%
Kept for Breeding	6,179	6,044		98%
Kept for Marketing	69,954	70,437		101%
	WEIGHT BREAKDOWN
Under 50 lbs.	22,542	22,194		98%
50-119 lbs.	20,505	20,232		99%
120-179 lbs.	14,492	14,997		103%
180 lbs. and over	12,415	13,014		105%
	FARROWINGS/INTENTIONS*
Jun-Aug	3,040	2,989		98%
Sep-Nov*	2,962	2,959		100%
Dec-Feb*	2,952	2,928	2,933	99%	100%
Jun-Aug Pig Crop	35,295	35,030		99%
	(number)	(number)		(%)
Jun-Aug Pigs Per Litter	11.61	11.72		105%

(c) Copyright 2024 DTN, LLC. All rights reserved.