The USDA’s June 2024 report shows the total U.S. hog inventory at 74.5 million head, a 1% increase from the previous year. The breeding inventory stands at 6.01 million head, down 3%, while the market hog inventory has risen to 68.5 million head, up 2%. The March-May 2024 pig crop reached 34.0 million head, a 2% rise from 2023. Sows farrowing during this period totaled 2.94 million head. Projections for June-August 2024 indicate 2.96 million sows will farrow, a 3% decrease year-over-year.
Breeding Inventory
- Total breeding inventory is 6.01 million head, a 3% decrease from June 2023.
- This decline suggests potential adjustments in production strategies among U.S. hog producers.
Market Hog Inventory
- Market hog inventory stands at 68.5 million head, reflecting a 2% increase from the previous year.
- Breakdown by weight:
- Under 50 pounds: 22.1 million head
- 50-119 pounds: 19.2 million head
- 120-179 pounds: 14.4 million head
- 180 pounds and over: 12.7 million head
Pig Crop and Farrowing
- The March-May 2024 pig crop was 34.0 million head, up 2% from 2023.
- Sows farrowing during this period totaled 2.94 million head, averaging 11.55 pigs per litter.
- For June-August 2024, producers expect to farrow 2.96 million sows, a 3% decrease from the same period in 2023.
Implications for the Industry
- The increase in market hog inventory indicates sustained or growing demand for pork products.
- The decrease in breeding inventory suggests a cautious approach to expanding production capacity.
- Producers’ plans to farrow fewer sows in the coming months may lead to tighter supplies in the future, potentially affecting pork prices.
This report provides a comprehensive view of the current state and future expectations in the U.S. hog industry, reflecting both opportunities and challenges for producers.
For detailed data, visit the USDA report.
