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livestock

Livestock Round Up: Hogs and Pigs Inventory Record; Record September COF Inventory Anticipated

USDA released its quarterly Hogs and Pigs report this afternoon. The report showed records for the quarter for all hogs and pigs and market pigs. 

Sows farrowing during June-August were 3.18 million head, 97 percent of 2019 and above the last quarterly report’s reported farrowing intentions of 3.123 million head.

USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry put the total number of cattle on feed as of 1 September at 103 percent of last year. Placements in July are expected to be 106 percent of last year and marketings are forecast at 97 percent.

Typically September sees the lowest cattle on feed inventory, but with spring packing plant interruptions and ongoing lowe...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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