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...
Beef packer margins deteriorated sharply to -$167/head last week, down $89 from the prior week as fed cattle prices rebounded while the Choice cutout continued to weaken. The cutout slipped to $363/cwt, while fed cattle prices climbed to $235/cwt, reversing much of the recent improvement in pac...
What You Need to Know Today: Tensions in the Middle East escalated over the weekend with Iran demanding the U.S. make multiple concessions that are likely non-starters before traffic can flow through the Strait of Hormuz again. Saudi Arabia, Pakistan, and Turkey signed a mutual defense agreeme...
