U.S. hog contraction still ahead

The USDA Quarterly Hogs and Pigs report was released by the National Agricultural Statistics Service on September 28, 2023. Overall, estimates were higher than expected for all categories, except for farrowings. Inventory of all U.S. hogs and pigs on September 1, 2023 was estimated at 74.3 million head, up 0.3% or 194,000 head from September 1, 2022, and up 2% from June 1, 2022.
 
"The driver behind the higher inventories is productivity," explains Ann Boyda, provincial livestock market analyst with the Alberta government. "Pigs per litter were an average of 11.61 which is up from 11.13 for September 1, 2022. The higher pigs per litter offset the decline in breeding stock.