The latest USDA Hogs and Pigs report shows a mixed picture for the U.S. pork sector, with modest changes in inventory and production. Total hog and pig numbers are up slightly from a year ago, but down 1 percent from the previous quarterly report. The breeding herd declined 1 percent year-over-year and slipped slightly from last quarter, signaling some ongoing caution among producers. ,Despite fewer breeding animals, productivity improved. The December through February pig crop increased 1 percent from last year, with a record average of 11.9 pigs saved per litter. Sow farrowings were down 1 percent from a year ago, accounting for 47 percent of the breeding herd. Looking ahead, producers intend to farrow nearly 2.9 million sows from March through May 2026. That’s slightly above last year, but down 2 percent from 2024 levels. Meanwhile, contract production continues to dominate, representing 53 percent of total inventory. Analysts describe the report as neutral for futures markets, balancing smaller breeding numbers with improved productivity.
