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Audio: Quarterly Hogs and Pigs Report

Audio: Quarterly Hogs and Pigs Report

The latest quarterly hog and pig report from USDA shows the US hog inventory is up 5%.

As of June 1, 2020 the United States inventory of all hogs and pigs was 79.6 million head. This was up 5 percent from June 1, 2019, and up 3 percent from March 1, 2020.

Breeding inventory of hogs in the US came in  at 6.33 million head. That is down 1 percent from last year, and down 1 percent from the previous quarter. The March-May 2020 pig crop, at 34.9 million head, was up 1 percent from 2019. Sows farrowing during this period totaled 3.17 million head, up 1 percent from 2019. The sows farrowed during this quarter represented 50 percent of the
breeding herd. The average pigs saved per litter was a record high of 11.01 for the March-May period, compared to
11.00 last year.

Market hog inventory was up 6 percent from last year at 73.3 million head. That was also up 3 percent from last quarter.

To view the full Quarterly Hogs and Pigs report, visit https://www.nass.usda.gov/…

2019 2020 2020 as percent of 2018
(1,000 head) (1,000 head) (percent)
All Hogs June 1 75,725 79,634 105%
Kept for Breeding 6,410 6,326 99%
Kept for Marketing 69,316 73,308 106%
WEIGHT BREAKDOWN
Under 50 lbs. 22,210 22,160 100%
50-119 lbs. 19,693 20,370 103%
120-179 lbs. 14,396 16,090 112%
180 lbs. and over 13,017 14,687 113%
FARROWINGS/INTENTIONS*
March-May 3,133 3,172 101%
Jun-Aug * 3,275 3,123 95%
Sep-Nov * 3,265 3,090 95%
Mar-May Pig Crop 34,454 34,933 101%
(number) (number) (percent)
Mar-May Pigs Per Litter 11.00 11.01 100%

 

Quarterly Hog and Pig report graph

Darrell Holaday, Country Futures, calls the report bearish and anticipates selling in the futures market on Friday.

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