Hogs and Pigs Preview USDA will release its quarterly hogs and pigs report tomorrow. Pre-report estimates from the industry peg the total swine inventory at approximately 77.3 head, which is 103 percent of last year, which set a record for the 1 September herd.
If the predictions are correct, that would also be 102.4 percent of the 1 June inventory, which was a record as well. Pre-report estimates of animals kept for breeding are 101.4 percent of last year and kept for marketing estimates come in at 103 percent year-over-year. The thing to watch will be USDA’s estimates of September to November farrowing intentions (as well as for the December to March quarter). In the last report, producers reported their intentions...
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...
