United States inventory of all hogs and pigs on Dec. 1 was 77.5 million head. This was down 1% from Dec. 1, 2019, and down 1% from Sept. 1, 2020, according to the quarterly Hogs and Pigs report from USDA.

In Iowa, the hog herd stood at 24.8 million head on Dec. 1, down less than a percent from Dec. 1, 2019 level of 24.9 million.

Nationwide, market hog inventory, at 71.2 million head, was down 1% from...