USDA Hogs & Pigs Report 09/28 14:45
US Sept. 1 Hog Inventory Up Slightly From Year Ago
2022 2023 2024 2023 as 2024 as
of 2022 of 2023
(1,000 head) (1,000 head) (percent)
All Hogs Sept. 1 74,125 74,319 100%
Kept for Breeding 6,152 6,079 99%
Kept for Marketing 67,973 68,241 100%
Under 50 lbs. 21,893 21,913 100%
50-119 lbs. 19,677 19,756 100%
120-179 lbs. 14,013 14,110 101%
180 lbs. 12,390 12,463 101%
Jun-Aug 3,062 2,949 96%
Sep-Nov* 3,092 2,930 95%
Dec-Feb* 2,919 2,952 2,912 101% 99%
Jun-Aug Pig Crop 34,096 34,229 100%
(number) (number) (percent)
Jun-Aug Pigs Per Litter 11.13 11.61 104%
This article was originally published at 2:21 p.m. CDT on Thursday, Sept.
28. It was last updated with additional information at 2:45 p.m. CDT on
Thursday, Sept. 28.
OMAHA (DTN) -- United States inventory of all hogs and pigs on Sept. 1,
2023, was 74.3 million head. This was up slightly from Sept. 1, 2022, and
up 2% from June 1, 2023, USDA NASS reported on Thursday.
Breeding inventory, at 6.08 million head, was down 1% from last year, and
down 1% from the previous quarter.
Market hog inventory, at 68.2 million head, was up slightly from last
year, and up 2% from last quarter.
The June-August 2023 pig crop, at 34.2 million head, was up slightly from
2022. Sows farrowing during this period totaled 2.95 million head, down 4%
from 2022. The sows farrowed during this quarter represented 48% of the
breeding herd. The average pigs saved per litter was 11.61 for the June-
August period, compared to 11.13 last year.
United States hog producers intend to have 2.93 million sows farrow during
the September-November 2023 quarter, down 5% 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 2023-February 2024, at
2.91 million sows, are down 1% from the same period one year earlier, and
down slightly 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 52% of the total
United States hog inventory, up 2% from the previous year.
All inventory and pig crop estimates for September 2022 through June 2023
were reviewed using final pig crop, official slaughter, death loss, and
updated import and export data. The revision made to the June 2023 all
hogs and pigs inventory was 0.5%. A revision of 0.2% was made to the March
2023-May 2023 pig crop. A net revision of 1.0% was made to the March 2023
all hogs and pigs inventory. The net revision made to the December 2022-
February 2023 pig crop was 1.5%.
"Determining how the market will react to a report when revisions are made
to past publications is always a tough call, but it's likely that, come
Friday morning, traders will view Thursday's Sept. 1 Hogs and Pigs report
as neutral at best," said DTN Livestock Analyst ShayLe Stewart. "Yes, the
September/November farrowings are down 5% from a year ago, but when you
look at the number of hogs in the marketing-weight breakdown, the market
isn't going to be short supply anytime soon.
"Truthfully, I expected that the immense financial hardship that the pork
industry endured during late 2022 through 2023 would have had a greater
effect on the market, especially on the number of sows kept back for
breeding. But Thursday's report shared an industry outlook that maintains
stability across all the divisions despite financial pressure and concerns
over Prop 12."
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