USDA’s quarterly hogs and pigs report shows a record swine herd and future stability in the sector.USDA’s most recently released quarterly Hogs and Pigs report showed a record swine herd in the U.S. The total inventory as of 1 June was 71.7 million head, up 3 percent from 1 June 2016 and 1 percent from 1 March 2017. This was the largest inventory for that date since USDA started keeping records in 1964.Other categories setting records included:
Pig crop - 32.3 million head, the second-largest total on record for the March-May period Pigs saved per litter - 10.55 Market hogs - 65.6 million head, up 4 percent from last year and largest 1 June inventory on record
With this large hogs and pigs inventory, it is important to look at the s...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
