USDA released the quarterly Hogs and Pigs report yesterday. Some topline highlights: Total swine inventory on 1 March was 77.6 million head, 104 percent of March 2019, but 99 percent of 1 December 2019.
Market hogs were above pre-report expectations
Breeding herd was below pre-report expectations
Total sow slaughter was up – a significant factor likely was sows from Canada
Farrowing intentions for March-May were down slightly from actual farrowings for the same quarter in 2019
June-August farrowing intentions are 96 percent of actual 2019 farrowings for the quarter
Production efficiency, however, continues to increase with pigs saved per litter setting new records almost every quarter. Pigs saved p...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
