The March 1st, 2024 hog inventory was up modestly on the year.
The USDA says the U.S. hog and pig inventory was 74.571 million head, 2% lower than on December 1st, 2023, but 1% higher than March 1st, 2023, a little bit larger than analysts’ expectations.
That year-to-year increase can be tied to a larger pig crop, and a record number of pigs saved per litter for the quarter spanning December 2023 to February 2024, despite a decline in the number of sows farrowed, reflecting the efficiency of producers.
