USDA released the quarterly hogs and pigs report yesterday. The total swine inventory on 1 September was 77.3 million head, which was 103 percent of December 2018.
Like the last few quarters, this was another record setting report. New records include:
1 December market hog inventory, largest since records began in 1963 September to November pig crop, largest since records began in 1970 September-November pigs saved per litter, largest since 1970
In short, there are plenty of hogs awaiting a hoped for burst in export demand now that trade tensions with China are easing and the Japan trade agreement and USMCA are in place. The number of hogs weighing more than 120 pounds came in well ahead of estimates, while l...
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...
