On Thursday, USDA will release its quarterly Hogs and Pigs report for the June through August quarter showing the inventory as of 1 September. Pre-report expectations peg the total inventory at 100.5 percent of last year. That would imply 75.7 million head, the largest inventory for the quarter since 2020.
The table below shows all the pre-report expectations by category.
Pigs saved per litter is 101 percent of last year, which was a quarterly record at 11.61, so if that estimate is correct there will be a new record.
The analysts' consensus guesss is that the pig crop will be 99 percent of last year; the range among the forecasts was a low of 98.7 to 99.6 percent, or in other words no forecast of growth, wh...
On Monday, 31 August, the U.S. Environmental Protection Agency (EPA) announced decisions for 34 small refinery exemption (SRE) petitions under the Renewable Fuel Standard (RFS) program for 2025. In consultation with the U.S. Department of Energy (DOE), EPA reviewed and considered information su...
Key Takeaways: EPA granted full or partial Small Refinery Exemptions to 29 of the 34 petitions under consideration, removing approximately 1.76 billion RINs from 2025 compliance obligations, roughly 770 million more RINs than EPA had previously anticipated. The larger exemption total does not...
Beef packer margins improved sharply to $258/head last week, up $145 from the prior week as the Choice cutout strengthened while fed cattle prices declined. The cutout rose to nearly $382/cwt, while fed cattle prices fell to $219/cwt, extending the rapid recovery in packer spreads that began in...
