World Perspectives
livestock

Hogs and Pigs Preview

USDA will release the quarterly Hogs and Pigs report tomorrow. All hogs and pigs as of 1 June are expected to be down 0.7 percent from last year to 72.641 million head, which would be the lowest quarterly inventory since 2018.   

Analysts’ forecasts are for the totals to come in slightly below last year’s levels across most categories, with only sows kept for breeding and market hogs 180 pounds or more dropping more than 1 percent.  

If accurate, the breeding herd estimate would imply the lowest number for June since 2017. March to May farrowings are forecast at 98.6 percent of last year, and June to August farrowing intentions are forecast at 99.4 percent of last year. The pig crop in March to May is...

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