USDA’s quarterly hogs and pigs report shows a record swine herd and future stability in the sector.USDA’s most recently released quarterly Hogs and Pigs report showed a record swine herd in the U.S. The total inventory as of 1 June was 71.7 million head, up 3 percent from 1 June 2016 and 1 percent from 1 March 2017. This was the largest inventory for that date since USDA started keeping records in 1964.Other categories setting records included:
Pig crop - 32.3 million head, the second-largest total on record for the March-May period Pigs saved per litter - 10.55 Market hogs - 65.6 million head, up 4 percent from last year and largest 1 June inventory on record
With this large hogs and pigs inventory, it is important to look at the s...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
