By DTN Staff

This article was originally posted at 2:10 p.m. on Thursday, June 25. It was last updated with additional information at 2:32 p.m. on Thursday, June 25.

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OMAHA (DTN) -- The United States inventory of all hogs and pigs on June 1, 2026, was 73.7 million head. This was down slightly from June 1, 2025, and down slightly from March 1, 2026, USDA NASS reported on Thursday.

Breeding inventory, at 5.88 million head, was down 1% from last year and down slightly from the previous quarter.

Market hog inventory, at 67.8 million head, was up slightly from last year but down slightly from last quarter.

The March-May 2026 pig crop, at 33.5 million head, was up slightly from 2025. Sows farrowing during this period totaled 2.82 million head, down 1% from 2025. The sows farrowed during this quarter represented 48% of the breeding herd. The average pigs saved per litter was 11.87 for the March-May period, compared to 11.75 last year.

United States hog producers intend to have 2.90 million sows farrow during the June-August 2026 quarter, down 2% from the actual farrowings during the same period one year earlier, and down 3% from the same period two years earlier. Intended farrowings for September-November 2026, at 2.89 million sows, are down 1% from the same period one year earlier, and 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 55% of the total United States hog inventory, up 2% from the previous year.

Revisions

All inventory and pig crop estimates for June 2025 through March 2026 were reviewed using final pig crop, official slaughter, death loss, and updated import and export data. The revision made to the March 2026 all hogs and pigs inventory was 0.5%. The revision made to the December 2025-February 2026 pig crop was 0.2%. The net revision made to the December 2025 all hogs and pigs inventory was 0.5%. A net revision of 0.9% was made to the September 2025-November 2025 pig crop.

DTN ANALYSIS

Thursday's Quarterly Hog and Pigs report will likely be absorbed as a neutral report, as there were both positive and negative line items to note, according to DTN Livestock Analyst ShayLe Stewart.

"Boding well for the market is the fact that the total inventory of hogs and pigs was down slightly from a year ago and from last quarter's report, as well," Stewart said. "And it's also bullish to note that the breeding herd is down 1% at 5,880,000 head.

"Where the headache stemmed from this report is that the litter size for the March-May pig crop is slightly larger than a year ago, and that could add some supply pressure to the market in the upcoming months.

"But all in all, it's likely that the report will be quickly glanced over, and given that there are no drastic differences from last quarter or a year ago, it's likely that the report will have little effect on the hog complex."

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

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