U.S. Hop Inventories Fell to 105 Million Pounds
Total hop stocks decreased by 9 percent in 2026 as the industry worked through accumulated production from previous years.
Updated on Sept. 30, 2026 in Beer
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As of September 1, 2026, total U.S. hop inventories reached 105 million pounds. This figure represents a 9 percent decline compared to the 116 million pounds recorded in 2025.
Why it matters
The reduction in stock levels signals that the industry is successfully working through inventories that accumulated during earlier production seasons. This draw-down process reflects an effort to balance supplies with current market demand.
Growers and dealers held 86 million pounds of hops, while brewers maintained an inventory of 19 million pounds. These figures aggregate the dry-bale equivalent of hops, including those held as pellets or extract.
The players
United States Department of Agriculture
The federal executive department responsible for developing and executing laws related to farming, forestry, and food.
The details
The USDA gathered these figures by surveying hop growers in Washington, Oregon, and Idaho, alongside national dealers and major brewers. The data confirms a downward trend in surplus stocks that have been held since the 2024 season.
Timeline
September 1, 2024: Total U.S. hop stocks were 136 million pounds.
September 1, 2025: Total U.S. hop stocks were 116 million pounds.
September 1, 2026: Total U.S. hop stocks were 105 million pounds.
Culture Shift
This report mirrors historical cycles of agricultural inventory management where the industry aligns supply with consumption patterns. It marks a departure from the surplus accumulation seen in 2024 as the market seeks a new equilibrium for the 2027 season.
While these inventory figures are primarily a concern for commercial brewers and dealers, a balanced supply of hops supports consistent pricing for craft and domestic beer production. Consumers can expect the industry to continue refining its production output to meet market demand effectively.
The takeaway
The ongoing decline in hop stocks indicates a healthier, more controlled balance of supply for the U.S. brewing industry. Brewers and consumers alike benefit when inventory levels remain aligned with actual production needs.
Further reading
For more information on the supply chain behind your favorite drinks, visit our Beer section.
Source note: This article includes information reported by RFD-TV.
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