United States Hog Inventory Down 4%

Sep 27, 2021

As of Sept. 1, there were 75.4 million hogs and pigs on U.S. farms, down 4% from September 2020 but up 1% from June 1, 2021, according to the Quarterly Hogs and Pigs report published today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

Hogs and Pigs report

Other key findings in the report were:

Of the 75.4 million hogs and pigs, 69.2 million were market hogs, while 6.19 million were kept for breeding.
Between June and August 2021, 33.9 million pigs were weaned on U.S. farms, down 6% from the same time period one year earlier.
From June through August 2021, U.S. hog and pig producers weaned an average of 11.13 pigs per litter.
U.S. hog producers intend to have 3.00 million sows farrow between September and November 2021, and 2.96 million sows farrow between December and February 2022.
Iowa hog producers accounted for the largest inventory among the states, at 24.4 million head. Minnesota had the second largest inventory at 9.00 million head. North Carolina was third with 8.30 million head.

Source : usda.gov

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.