WASHINGTON (RFD-TV) — The latest Quarterly Hogs and Pigs Report (PDF Version) from the U.S. Department of Agriculture (USDA) shows the domestic hog herd slipping again, with 74.5 million head on September 1, 2025, down one percent from a year earlier.
The breeding herd dropped two percent to 5.93 million head, while the market hog inventory of 68.5 million was also off by one percent. The June–August pig crop fell three percent from 2024 to 34.1 million head, even as pigs saved per litter inched higher to 11.82.
Producers signal further cutbacks, with sow farrowing intentions down two percent for September–November and slightly lower for December–February. The numbers came in weaker than some industry expectations, which had anticipated modest herd growth after earlier declines.
Analysts note continuing pressure from productivity and disease challenges, including Porcine Reproductive and Respiratory Syndrome (PRRS), which has reduced output in key regions.
Tony’s Farm-Level Takeaway: Lower inventories and cautious farrowing plans suggest tighter hog supplies into 2026, keeping producer margins sensitive to demand trends and health risks.
Recent U.S.–China trade developments provided a small lift for soy markets, though most traders are waiting for concrete purchase data before making major moves.
November 04, 2025 12:34 PM
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Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
November 04, 2025 12:19 PM
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Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
November 04, 2025 11:29 AM
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According to the new report, seven out of ten rural bankers support President Trump’s recent trade steps with China, expressing cautious optimism about future export potential.
November 03, 2025 01:36 PM
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An import lag for ground beef will likely look different than last year’s egg shortage. The difference comes down to biosecurity and market flexibility.
November 03, 2025 12:07 PM
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The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
November 03, 2025 09:34 AM
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A rescheduled WASDE, China’s soybean squeeze, barge bottlenecks, and premium beef demand all collide this week — with cash decisions, basis, and risk plans on the line.
November 03, 2025 09:23 AM
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High milk production and soft retail demand are squeezing prices and margins — making careful feed and risk management essential through year-end.
November 01, 2025 06:54 AM
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Market analyst and friend of the show, Shawn Hackett, says Brazil’s shifting use of crops for biofuel production is a significant factor.
October 31, 2025 01:17 PM
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