USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 72.016 million head, down 0.7 percent from June 2022, but the actual inventory was 72.4, up slightly from June 2022, but down from the last quarterly report on 1 March.
Compared to last quarter, total inventory was 99 percent, breeding inventory was 101 percent, and market hogs were 99 percent of the 1 March totals. The comparison to 1 June 2022 is in the table below.
Productivity continues to improve; pigs saved per litter were 11.36 compared to 11 last year. All of the quarterly records for pigs saved per litter have been set within the last year.
December to February (2023): 11.02 March to May (202...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
