USDA released its quarterly Hogs and Pigs report yesterday, confirming herd expansion and containing a number of records. The total inventory of hogs and pigs as of 1 June was 73.5 million head, 103 percent of last year and also up to 101 percent of the last quarter on 1 March. It was in line with the pre-report estimates and is the largest 1 June on record (since 1964). Market hogs totaled 67.1 million head, also 103 percent of year-ago levels as well as a record for 1 June.
Sows kept for breeding totaled 6.32 million head or 103 percent of last year, and that was the biggest market surprise in the report as industry expectations had this inventory at 101.7 percent. Producers reported their intention to farrow 3.17 million sows during...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
