USDA released the quarterly hogs and pigs report yesterday. The total swine inventory on 1 September was 77.3 million head, which was 103 percent of December 2018.
Like the last few quarters, this was another record setting report. New records include:
1 December market hog inventory, largest since records began in 1963 September to November pig crop, largest since records began in 1970 September-November pigs saved per litter, largest since 1970
In short, there are plenty of hogs awaiting a hoped for burst in export demand now that trade tensions with China are easing and the Japan trade agreement and USMCA are in place. The number of hogs weighing more than 120 pounds came in well ahead of estimates, while l...
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The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
