USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 March was 74.5 million head. This was down slightly from 1 March 2024 and down 1 percent from 1 December.
Breeding inventory, at 5.98 million head, was down 1 percent from last year, and down slightly from the previous quarter. Market hog inventory, at 68.5 million head, was down slightly from last year, and down 1 percent from last quarter. The December 2024-February 2025 pig crop, at 33.7 million head, was down slightly from last year. Sows farrowing during this period totaled 2.89 million head, down 1 percent from previous year. The sows farrowed during this quarter represented 48 percent of the breeding herd.
The quarterly...
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Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
