March Quarterly Hogs and Pigs

Agricultural Statistics Board Briefing

Travis Averill, Chief

Livestock Branch

March 30, 2023
2023 March Hogs and Pigs Survey

Number of Samples

March 30, 2023
U.S. Hogs and Pigs Revisions

Survey Item

Initial

Estimate

(1,000 head)

Current

Revision

(1,000 head)

Net 

Revision

(1,000 head)

Current 

Estimate

(1,000 head)

September 1, 2022 All Hogs and Pigs 73,800 440 325 74,125

Pig Crop 33,581 580 515 34,096

December 1, 2022 All Hogs and Pigs 73,119 1,280 1,280 74,399

Pig Crop 33,691 540 540 34,231

March 30, 2023
U.S. Hogs and Pigs March 1

2022 2023 % Change from 

(1,000 head) Previous Year

All Hogs and Pigs 72,689 72,860 ↑ 0.2

Breeding Hogs 6,098 6,127 ↑ 0.5

Market Hogs 66,591 66,734 ↑ 0.2

74.4

61

63

65

67

69

71

73

75

77

79

81

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million head U.S. Quarterly Hogs and Pigs

March December

72.7 72.9

Top 5 States

Inventory

(1,000 head)

Iowa 23,400

Minnesota 8,900

North Carolina 8,000

Illinois 5,350

Indiana 4,300

March 30, 2023
March 1, 2023 Hogs and Pigs Inventory

(1,000) Head and Percent Change from Previous Year

March 30, 2023
U.S. Hogs and Pigs March 1

2022 2023 % Change from 

(1,000 head) Previous Year

Market Hogs 66,591 66,734 ↑ 0.2

Less than 50 lbs 20,105 20,059 ↓ 0.2

50 – 119 lbs 19,030 18,975 ↓ 0.3

120 – 179 lbs 14,988 14,973 ↓ 0.1

180 lbs or more 12,468 12,727 ↑ 2.1

11

14

17

20

23

26

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023

Million head Market Hogs by Weight Class

LT 50 LBS 50 TO 119 LBS 120 TO 179 LBS GE 180 LBS

March 30, 2023
U.S. Hogs and Pigs March 1

2022 2023 % Change from 

(1,000 head) Previous Year

Sows Farrowed 2,919 2,910 ↓ 0.3

Intentions

Mar – May 2,967 2,930 ↓ 1.2

Jun – Aug 3,062 2,973 ↓ 2.9

2.97

2.93

2.91

2.7

2.8

2.9

3.0

3.1

3.2

3.3

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million head U.S. Quarterly Sows Farrowed

Dec-Feb Estimate Mar-May Intentions Jun-Aug Intentions

March 30, 2023
U.S. Hogs and Pigs March 1

2022 2023 % Change from

(1,000 head) Previous Year

Pig Crop 31,947 32,058 ↑ 0.3

(Number)

Pigs per Litter 10.95 11.02 ↑ 0.6

11.22

10.95

11.02

9.50

9.80

10.10

10.40

10.70

11.00

11.30

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Pigs per Litter U.S. Quarterly Pigs per Litter

December-February September-November

March 30, 2023
Trade Expectations Compared to NASS 

Estimates Percent of Previous Year

100.4

100.5

101.2

100.3

100.6

100.3

97.1

98.8

100.3

100.2

100.5

100.2

97.0 98.5 100.0 101.5

Jun-Aug Farrowings

Mar-May Farrowings

Dec-Feb Pig Crop

Market Hogs

Breeding Hogs

All Hogs and Pigs

Min Trade Range Trade Average NASS

March 30, 2023
All Hogs and Pigs 

First Estimate vs Final Estimate

59

64

69

74

79

84

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million head

Lower Trade Range Trade Range ASB First Estimate ASB Final Estimate

March 30, 2023
Breeding Herd Inventory

Disposition and Utilization

March 30, 2023

Year

Dec 1

Estimate

(1,000 head)

Slaughter

(1,000 head)

Additions

(1,000 head)

Mar 1

Estimate

(1,000 head)

Sow

Utilization

(Percent)

2014 5,757 779 873 5,851 48

2015 5,939 792 835 5,982 49

2016 6,002 782 760 5,980 49

2017 6,110 802 790 6,098 49

2018 6,179 834 865 6,210 48

2019 6,326 829 852 6,349 49

2020 6,551 814 688 6,425 49

2021 6,176 801 840 6,215 47

2022 6,125 784 757 6,098 48

2023 6,144 797 780 6,127 47
Canadian Imports by Quarter

Feeder Pigs and Slaughter Hogs

(1,000 head)

March 30, 2023

84%

85%

83%

83% 82% 83% 85%

84%

79% 73% 73%

81%

80%

76%

75% 75% 75%

16%

15%

17%

17% 18%

17% 15%

16%

21%

27% 27%

19%

20%

24%

25% 25% 25%

1,398 

1,262 

1,124 

1,267 1,275 

1,221 1,209 

1,352 

1,533 

1,640 1,664 1,654 

1,561 

1,693 

1,572 1,577 1,580 

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2019 2020 2021 2022 2023

Feeder Slaughter
U.S. Prices Received by Farmers

for Hogs and Corn

$1.50

$2.50

$3.50

$4.50

$5.50

$6.50

$7.50

$8.50

$30

$40

$50

$60

$70

$80

$90

$100

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Hogs $/cwt Corn $/bu

Hogs Corn

Hogs Corn

Month $/cwt $/bu

August 85.8 7.24

September 73.8 7.09

October 70.5 6.5

November 66.7 6.49

December 62.5 6.58

January 58.5 6.64

Hog to Corn

Month Ratio

August 11.85

September 10.41

October 10.85

November 10.28

December 9.50

January 8.81

March 30, 2023
Upcoming Reports

March 31

Agricultural Prices

Grain and Rice Stocks

Prospective Plantings

April 3

Cotton Systems, Fats & Oils, Grain 

Crushing 

Dairy Products

April 10 Crop Production

April 20 Livestock Slaughter Annual

April 21 Cattle on Feed

April 27 Meat Animals - PDI

https://www.nass.usda.gov/Publications/index.php

March 30, 2023
2022 Census of Agriculture

March 30, 2023
2023 USDA Spring Data Users’ Meeting

Join Us Online or in Omaha

Federal Reserve Bank of Kansas City - Omaha Branch

2201 Farnam Street

Omaha, NE 68102

For more information and to register please go to

www.nass.usda.gov/Education_and_Outreach/Meeting/index.php

March 30, 2023

All Reports Available At

www.nass.usda.gov

For Questions

(202) 720-3570

(800) 727-9540

nass@usda.gov