USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows:
The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns with the projected inventory of market hogs under 50 pounds, but most of the growth is expected to come from trendline growth in pigs saved per litter. The expected pigs per litter trend for spring born pigs is up about 1.3 percent and is in line with the trend. However, there have been concerns over inventory loss due to porcine respiratory and reproductive (PRRS) virus. The report should put some parameters on that. Notably, in the 1 March report, pigs...
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