USDA released its quarterly Hogs and Pigs report yesterday after the market close, and it confirmed pre-report industry expectations of more hogs, pigs, farrowings and, of course, pork. The total inventory of hogs and pigs as of 1 September was 75.5 million head, 103 percent of 1 September 2017 as well as the previous quarter. Market hogs totaled 69.2 million head, also 103 percent of year-ago levels and 104 percent of last quarter.
Sows kept for breeding totaled 6.33 million head, 103 percent of last year and just slightly more (10,000 head) than the previous quarter. Sows farrowing during the last quarter were 50 percent of the breeding herd at 3.19 million head or 103 percent of the same quarter a year ago. Further, production effici...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
