As expected the quarterly hogs and pigs report did show a slight drop in the US hog herd. This came as a result of steady slaughter and less gilt retention for breeding.
The full report breaks down as the United States inventory of all hogs and pigs on December 1, 2020 was 77.5 million head. This was down 1% from December 1, 2019, and down 1% from September 1, 2020.
US breeding hog inventory currently sits at 6.28 million head, down 3% from last year, and down 1% from the previous
US market hog inventory, at 71.2 million head, was down 1% from last year, and down 1% from last quarter.
The September-November 2020 pig crop, at 35.0 million head, was down 1% from 2019. Sows farrowing during this period totaled 3.16 million head, down 1% from 2019. The sows farrowed during this quarter represented 50% of the breeding herd. The average pigs saved per litter was 11.05 for the September-November period,
compared to 11.09 last year.
Livestock market analyst Kyle Bumsted believes the report is positive at face value. However there was several revisions that need to be watched closely.
Catch the full report here: https://downloads.usda.library.cornell.edu/usda-esmis/files/rj430453j/7d279j76f/g445d5751/hgpg1220.pdf