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...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...