USDA June 1 Hogs and Pigs Report

By DTN Staff

This article was originally posted at 2:10 p.m. on Thursday, June 26. It was last updated with additional information at 2:48 p.m. on Thursday, June 26.

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OMAHA (DTN) -- The United States inventory of all hogs and pigs on June 1, 2025, was 75.1 million head. This was up slightly from June 1, 2024, and up 1% from March 1, 2025, USDA NASS reported on Thursday.

Breeding inventory, at 5.98 million head, was down slightly from last year and down slightly from the previous quarter.

Market hog inventory, at 69.2 million head, was up slightly from last year and up 1% from last quarter.

The March-May 2025 pig crop, at 34.2 million head, was up 1% from 2024. Sows farrowing during this period totaled 2.91 million head, down slightly from 2024. The sows farrowed during this quarter represented 49% of the breeding herd. The average pigs saved per litter was 11.75 for the March-May period, compared to 11.56 last year.

United States hog producers intend to have 2.97 million sows farrow during the June-August 2025 quarter, down slightly from the actual farrowings during the same period one year earlier, and down 2% from the same period two years earlier. Intended farrowings for September-November 2025, at 2.95 million sows, are up 1% 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 June 2024 through March 2025 were reviewed using final pig crop, official slaughter, death loss, and updated import and export data. The revision made to the March 2025 all hogs and pigs inventory was 0.3%. The net revision made to the December 2024 all hogs and pigs inventory was 1.0%. A net revision of 1.0% was made to the September 2024-November 2024 pig crop.

DTN ANALYSIS

The June 1 Hogs and Pigs report is expected to be viewed as generally neutral, which will likely have a muted long-term impact on lean hog futures and the cash market trade late in the week, according to DTN Contributing Analyst Rick Kment.

"Overall market direction is expected to continue to be focused on domestic and export pork demand over the near future with traders likely to give little attention to inventory levels when returning to the market Friday morning," Kment said. "Total hogs and pigs in the U.S. pork production system were essentially unchanged from year-ago levels with 75.1 million head in the current production system. This is 100% of a year ago. Although many seemed to feel that overall hog numbers would be fractionally lower in pre-report estimates, the limited change from early market estimates is not expected to be enough of a shift to cause trade activity through the complex.

"Hogs kept for breeding were also held at 100% of year-ago levels at 5.98 million head. This is nearly identical to the March 1 total and shows consistency in breeding and production systems throughout the year. The consistency in breeding intentions could help sustain stable pork production levels through the remainder of the year and well into 2026. That will put more focus on pork demand and export activity, which will have a greater impact on hog and pork prices through the coming months.

"The largest shifts in production levels were seen in young hog numbers, with pigs under 50 pounds at 21.5 million head, which is 1% above a year ago and 200,000 head above the March 1 level. Hogs in the heaviest category of 180 pounds or greater fell from a year ago to 12.9 million head. Current market prices and demand are helping to spur aggressive selling of ready-to-market hogs, helping to keep the market more current.

"Pigs per litter have continued to increase, with December through May levels at 11.7 head per litter, adding to the consistently strong production during 2025."

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

	2024	2025	2025 as percent of 2024
	(1,000 head)	(1,000 head)	(percent)
All Hogs June 1	74,891	75,137	100%
Kept for Breeding	6,008	5,979	100%
Kept for Marketing	68,884	69,158	100%
WEIGHT BREAKDOWN
Under 50 lbs.	21,279	21,536	101%
50-119 lbs.	19,398	19,421	100%
120-179 lbs.	15,190	15,260	100%
180 lbs. and over	13,017	12,941	99%
FARROWINGS/INTENTIONS*
March-May	2,920	2,907	100%
Jun-Aug *	2,985	2,974	100%
Sep-Nov *	2,925	2,946	101%
Mar-May Pig Crop	33,743	34,171	101%
	(number)	(number)	(percent)
Mar-May Pigs Per Litter	11.56	11.75	102%

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