WASHINGTON, D.C. (RFD NEWS) — U.S. hop inventories declined heading into spring, reflecting tighter supplies and shifting demand across brewing markets as producers monitor inventory levels and pricing trends. The latest USDA data highlights continued adjustment in hop stocks following earlier surpluses.
USDA’s National Agricultural Statistics Service reported March 1 hop stocks totaled 147 million pounds, down about 13% from 169 million pounds a year ago. Stocks held by growers and dealers accounted for 127 million pounds, while brewers held about 20 million pounds, both lower than last year.
Operationally, the drawdown suggests brewers and distributors continue working through inventories built during stronger production cycles. Lower stocks may also reflect more cautious purchasing tied to softer craft beer demand and changing consumption patterns across domestic markets.
Regionally, nearly all U.S. hop production is concentrated in Washington, Oregon, and Idaho, meaning inventory shifts directly affect growers and processors across the Pacific Northwest supply chain.
Looking ahead, producers will watch brewery demand trends and acreage decisions closely, as tighter inventories could support prices if beer production stabilizes during 2026.
