World Perspectives
livestock

Livestock Roundup: Hogs and Pigs Report: Further Contraction

USDA released a much anticipated quarterly Hogs and Pigs report for September today. At 73.8 million head, the total inventory as of 1 September followed the seasonal pattern of peaking for the year in September but was down from last year. This is third consecutive year-over-year decline in the September inventory, and the lowest September inventory since 2017. 

Nonetheless, the report was generally in line with the pre-report expectations. The breeding herd and the June through August pig crop were slightly below the consensus forecasts, as were lighter weight feeder pigs. Like the overall swine herd, the breeding herd and market hog inventory are also the lowest since 2017.  

Compared to the June report, the Septembe...

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WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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