USDA released its quarterly Hogs and Pigs report this afternoon. The report showed records for the quarter for all hogs and pigs and market pigs.
Sows farrowing during June-August were 3.18 million head, 97 percent of 2019 and above the last quarterly report’s reported farrowing intentions of 3.123 million head.
USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry put the total number of cattle on feed as of 1 September at 103 percent of last year. Placements in July are expected to be 106 percent of last year and marketings are forecast at 97 percent.
Typically September sees the lowest cattle on feed inventory, but with spring packing plant interruptions and ongoing lowe...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
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