USDA released its quarterly Hogs and Pigs report today. The numbers were in line with pre-report expectations. The inventory of all hogs and pigs on 1 June was 75.1 million head. This was up slightly from 1 June 2024, and up 1 percent from 1 March 2025.
Breeding inventory, at 5.98 million head, was down slightly from last year, and down slighthly from March. Market hog inventory, at 69.2 million head was up slightly from last year and up 1 percent from last quareter. The March through May pig crop was up 1 percent from 2024. Sows farrowed totaled 2.91 million, down slightly from 2024, and represents 49 percent of the sow herd. Obviously, pigs saved per litter increased to 11.75, a new record, and up from the previous record of 11.56 in Mar...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
