Record Pigs per Litter again Offsets Cuts to Farrowings
Jason Franken
farmdoc daily, 2024, vol. 14, issue 02
Abstract:
The USDA’s December Hogs and Pigs report places the December 1 inventory of all hogs and pigs at 74.97 million head, up 0.88% from last quarter and 0.02% from last year, compared to an average trade expectation of 0.6% lower (ranging from 1.7% lower to 0.6% higher). The slightly higher total is driven by a nearly 0.3% year-over-year increase in market hogs, which is toward the upper end of pre-report estimates, while the breeding herd declined a surprising 3.3% from the prior year, falling below the expected range of 1.7% lower to 0.6% higher). The lightest two weight classes of market hogs are each down about 0.5% compared to last year, though not as much as expected (1.2% and 0.8% lower for hogs under 50 pounds and 50-199 pounds, respectively), while the heavier two weight classes are up more than expected, with the over-180-pound class nearly 2.5% higher compared to expectations of about 1% higher. Overall, there are 0.17% fewer hogs weighing under 180 pounds than a year ago, and these will be the market hogs arriving at processing plants from January to May 2024, suggesting similar supplies as last year for the period, despite expectations for greater pullback.
Keywords: Agribusiness; Agricultural Finance; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:
Downloads: (external link)
https://ageconsearch.umn.edu/record/356894/files/fdd010324.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:356894
DOI: 10.22004/ag.econ.356894
Access Statistics for this article
More articles in farmdoc daily from University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().