World Perspectives
livestock

Livestock Roundup: Hogs and Pigs Report

Today, USDA released its quareterly Hogs and Pigs report for the March through May quarter. The total inventory of hogs and pigs on 1 June was 74.5 million head, which was 101 percent of June 2023, in line with pre-report expectations.

This is the second consecutive year to see an increased June inventory. Total inventory was down slightly from March, but shows a much smaller decline than the past three years.  

With the June report, USDA made the following revisions, all upwards, detailed in the table below.

Note that the September to November 2023 pig crop was also revised up 0.5 percent in the March report.  The table below shows the numbers from the report by catgeory compared to the pre-report expectations. The...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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