USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows:
The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns with the projected inventory of market hogs under 50 pounds, but most of the growth is expected to come from trendline growth in pigs saved per litter. The expected pigs per litter trend for spring born pigs is up about 1.3 percent and is in line with the trend. However, there have been concerns over inventory loss due to porcine respiratory and reproductive (PRRS) virus. The report should put some parameters on that. Notably, in the 1 March report, pigs...
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...
