USDA will release the quarterly Hogs and Pigs report tomorrow. All hogs and pigs as of 1 June are expected to be down 0.7 percent from last year to 72.641 million head, which would be the lowest quarterly inventory since 2018.
Analysts’ forecasts are for the totals to come in slightly below last year’s levels across most categories, with only sows kept for breeding and market hogs 180 pounds or more dropping more than 1 percent.
If accurate, the breeding herd estimate would imply the lowest number for June since 2017. March to May farrowings are forecast at 98.6 percent of last year, and June to August farrowing intentions are forecast at 99.4 percent of last year. The pig crop in March to May is...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
