USDA released its quarterly hogs and pigs report today. The inventory of all hogs and pigs on 1 March was 74.3 million head, up slightly from March 2025 but down 1.5 percent from 1 December. The report was in line with the previous five-year average of a decrease of 1.8 percent from December to March.
In fact, the report showed a generally steady hog herd. Breeding inventory, at 5.89 million head, was down 1 percent from last year and slightly lower than in December. Market hog inventory, at 68.4 million head, was up 1 percent from last year but down 2 percent from December. Notably, the category of hogs weighing 180 pounds or more, or those closest to harvest, increased 2 percent.
Operations with more than 5,000 head, which raise hogs un...
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...
