Yesterday’s Hogs and Pigs report showed total inventory at 77.5 million head, 99 percent of 1 December 2019. The breeding herd was 6.28 million head, 97 percent of last year, which was smaller than the 2 percent drop expected pre-report. Market hog inventory was 71.2 million head which was 99 percent of last year and the July-August quarter. Notably, the market hogs by weight category showed feeder pigs under 50 pounds a little higher than expected and heavy hogs a little lower than expected. In all, it showed post-COVID steps toward a more normal market situation and a sign of slower growth going into 2021.
The pig crop was 35 million head, 99 percent of 2019 on farrowings of 3.16 million head, also 99 percent...
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...
