According to today’s USDA Hogs and Pigs report, the total inventory on 1 June was 75.5 million head, 104 percent of last year and 101 percent of the 1 March inventory.
The numbers announced today exceeded pre-report trade guesses.
Producers intend to have 3.18 million sows farrow during the June-August quarter, down slightly from last year. New records set in this report include the following:
1 June inventory of total hogs, largest since records began in 1964 1 June market hog inventory, largest since records began in 1964 March-May pig crop, largest since records began in 1970 March-May pigs saved per litter at 11
In fact, every swine herd record except for one has been set in the past 12 months. The only high mark t...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
