USDA
A Bearish Surprise: USDA Report Reveals Unexpected 1% Growth in U.S. Hog Inventory
The U.S. Department of Agriculture (USDA) released its quarterly "Hogs and Pigs" report on December 23, 2025, delivering a significant surprise to the commodities market. Defying analyst expectations of a contraction, the report revealed a total U.S. hog inventory of 75.5 million head, representing a