USDA Hogs & Pigs Report 09/24 14:27
US Sept. 1 Hog Inventory Down 4% From Year Ago
2020 2021 2022 2021 as 2022 as
of 2020 of 2021
(1,000 head) (1,000 head) (percent)
All Hogs Sept. 1 78,434 75,352 96%
Kept for Breeding 6,333 6,190 98%
Kept for Marketing 72,101 69,162 96%
Under 50 lbs. 23,144 21,855 94%
50-119 lbs. 21,020 19,751 94%
120-179 lbs. 14,867 14,656 99%
180 lbs. 13,069 12,899 99%
Jun-Aug 3,260 3,046 93%
Sep-Nov* 3,132 3,000 96%
Dec-Feb* 3,068 2,922 2,962 95% 101%
Jun-Aug Pig Crop 36,056 33,900 94%
(number) (number) (percent)
Jun-Aug Pigs Per Litter 11.06 11.13 101%
This article was originally posted at 2:27 p.m. CDT on Friday, Sept. 24.
It was last updated at 2:52 p.m. CDT on Friday, Sept. 24.
OMAHA (DTN) -- United States inventory of all hogs and pigs on Sept. 1,
2021, was 75.4 million head. This was down 4% from Sept. 1, 2020, but up
1% from June 1, 2021. Breeding inventory, at 6.19 million head, was down
2% from last year, and down slightly from the previous quarter, USDA NASS
said on Friday.
Market hog inventory, at 69.2 million head, was down 4% from last year,
but up 1% from last quarter.
The June-August 2021 pig crop, at 33.9 million head, was down 6% from
2020. Sows farrowing during this period totaled 3.05 million head, down 7%
from 2020. The sows farrowed during this quarter represented 49% of the
breeding herd. The average pigs saved per litter was 11.13 for the June-
August period, compared to 11.06 last year.
"The total number of hogs in the nation's swine herd fell 4% from 2020
levels in the September report. With a total of 75.3 million head, this is
a reduction of 3.1 million head within the last year. This reduction in
overall hog numbers is well below pre-report estimates and is likely to be
seen as slightly bullish by the market," said DTN Analyst Rick Kment.
"The reduction in hog numbers is consistent with losses seen in the March
1 and June 1 inventory reports, where hog numbers have fallen 3% and 4%,
respectively, through the year. Sows farrowing during the June-through-
August time period were down 7% from a year ago, creating the expectation
that lower hog numbers will continue through the end of the year and well
into early 2022.
"Farrowing intentions in September through November and December through
May are expected at 96% of year-ago levels. It is not until next spring
that farrowing intentions are expected to inch higher. But, even then, it
appears that limited expansion is likely to be seen at this point.
"Market hogs are below year-ago levels in all categories, with the most
significant reductions seen in hogs under 120 pounds, 6% below year-ago
"The market is likely to focus on all categories in the report, and it is
likely to carry a generally bullish tone. But the question traders will
have to face early next week is how much of this report has already been
factored into the market due to the aggressive rally over the last few
trading sessions," Kment said.
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