USDA released a trifecta of livestock reports today. First, the much-awaited quarterly hogs and pigs report. Pre-report expectations were for a bullish report – and those expectations were correct. Total inventory was 74.2 million head, or 96 percent of a year ago and 95 percent of 2019. Most all categories came in below analysts’ forecasts.
Farrowings from September to November were 3.01, or 95 percent of last year but right on the reported farrowing intentions from the last report in September, but below the pre-report expectations. June through November sow farrowings are 94 percent of the same period in 2020. Farrowing intentions for December to February are 2.94 million, that is slightly above last yea...
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...
