USDA released its quarterly Hogs and Pigs report for December through February. The report was bullish showing contraction across the herd.
The total inventory of hogs and pigs in the U.S. was 72.2 million, the smallest since June 2018. The drop in inventory from December to March follows the seasonal pattern; typically, the 1 March inventory is near the seasonal low point (see marked in red).
The year-over-year drop, however, is following a repeat cycle. Before porcine epidemic diarrhea virus (PEDv) hit hard in 2015, March to March was down for five years. After that, the March to March was even or up for five years. Now, this is the second year it is down.
Sows farrowing from December through F...
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...
