US December 1, 2024 Hog Inventory Estimate
The December 1 , 2024 US hog herd Inventory likely increased compared to a year earlier.The accompanying balance table displays estimates for the fall pig crop compared to slaughter which is by now known from daily data. The September November US pig crop estimate assumes the September 2024 USDA planned farrowings survey data and a trend pigs saved per litter factor.
Our inventory data would suggest a moderately larger US pork production estimate for 2025 as was published by USDA in the December 2024 WASDE report.
Release of the December hog census is scheduled for December 23, 2024.
| US Hog Balance September/November Million head | |||||
| 2021 | 2022 | 2023 | 2024 | Percent | |
| September 1 | 74.9 | 74.1 | 76.1 | 76.8 | 101% |
|
Sept./Nov. Pig Crop
|
34.1 | 34.7 | 34.5 | 34.6 | 100% |
| Net Imports | 1.7 | 1.6 | 1.7 | 1.7 | |
| Supply | 110.7 | 110.4 | 112.3 | 113.0 | |
| Slaughter | 32.8 | 32.5 | 33.0 | 33.0 | 100% |
| Residual | 3.4 | 3.0 | 3.9 | 3.2 | |
| December 1 | 74.4 | 75.0 | 75.5 | 76.8 | 102% |
| 2024 Our Estimate Assumes USDA Sows Farrowing Forecast published in September. | |||||
| Residual includes Death Loss and Statistical Discrepancy | |||||