Sixty-two gilts were paired at breeding and assigned randomly to one of the following dietary treatments: (1) low P or (2) high P during gestation and lactation. Two sets of diets (A and B) were formulated; each set to provide a low (10 g) and high (15 g) daily P intake (equal Ca daily intake, 15 g) when fed at 1.82 and 2.27 kg daily, respectively for sets A and B. Females were fed 1.82 kg daily of set A diets during the first 11 wk of gestation, 2.27 kg daily of set B diets for the next 3 wk and 3.34 kg of the appropriate set B diets containing 20% wheat bran until farrowing, at which time the bran was gradually removed from set B diets and the feed level increased to 4 kg daily until weaning. The proportions of defluorinated phosphate and limestone were varied to provide the appropriate level of Ca and P (low and high). At approximately 5 wk before farrowing at each parity, up to 12 females from each group were used in Ca, P and N balance trials that lasted about 2 wk. Dietary P intake did not affect the apparent absorption and retention of N and Ca; 88% of the consumed N was absorbed and one-half of the absorbed was retained, and 37% of the Ca was absorbed and 94% of the absorbed was retained. Females fed the higher P intake, although excreting higher levels of P in the feces and urine, absorbed and retained a larger amount of P; but the low P-fed sows were more efficient in the retention of P when expressed as a percentage of intake or as a percentage of the absorbed P. With the exception of average total litter weight at birth that favored high P-fed sows, live, dead and total pigs at birth, average birth weight and breeding performance were not statistically different between P levels. Except for the first parity, most characteristics favored sows fed the higher P intake. Serum Ca and P levels and hair P concentration were similar between P levels. Hair Ca concentration, however, was higher for the high P-fed sows. Sows fed the higher daily P intake retained more P and there was a trend for better farrowing performance. However, breeding performance, serum Ca and P levels, hair P concentrations and Ca and N balance were similar between dietary P intakes. These results would support current National Research Council-suggested Ca and P levels for sows.