Material Insights · Understanding the Material World

Pork: Stocks

You cannot store a live hog, but frozen bellies last a year

What this tab covers How much is left and how much is held. For minerals and energy: reserves, current output, years of supply and recycling for the top five countries. For farm commodities: production, ending stocks and stocks-to-use for the top five producers (USDA, October 2026). It also covers inventories and stockpiles.

Top five producers: production and stocks (USDA, 2026)

CountryProductionShareEnding stocksStocks-to-use
China59,68049.5%00%
European Union22,12018.3%00%
United States12,54010.4%2041.6%
Brazil5,0004.1%00%
Vietnam4,0553.4%00%
World120,700100%9030.8%
thousand t carcass weight. Stocks-to-use = ending stocks ÷ (domestic use + exports) for countries, ÷ world use for the world. Source: USDA FAS PSD database, October 2026 release.

Stockholding and policy

Pork is not recycled. The working stock is the breeding herd: China had 39.61 million breeding sows at end-2025 (Muyuan 2025 annual report) and the world held 962 million pigs in 2024 (FAOSTAT). China keeps a state frozen pork reserve that it buys into when prices slump and releases when they spike. US cold-storage pork stocks are forecast at 450 million lb at end-2026, about 2% of annual use of 21.7 billion lb (WASDE, Oct 2026). India has no pork stockholding policy.

Live hogs cannot be stockpiled, but frozen pork can. Frozen bellies keep up to a year, which once made them a futures underlying (Geman, pdf p. 172). The USDA's monthly cold-storage report and quarterly Hogs and Pigs Report are the key US supply signals. China keeps a state frozen pork reserve, buying when prices slump and releasing when they spike. The sow herd is the real capital stock: once sows are culled, supply shrinks for many months (Morgan, pdf p. 231).