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Livestock economist expects more pork on the market

A livestock economist says overall pork supplies continue to grow despite a decline in breeding inventory. University of Missouri’s Scott Brown productivity continues to improve. “If you look at March through May, pigs per litter, that that is a record 11.56 pigs per litter,” he says.

He tells Brownfield breeding inventories were below pre-report expectations. “The breeding heard that right out about 6,000,000 head down 3.2% from where we were a year ago,” he says.

Brown says he doesn’t anticipate a lot of movement in the markets near-term. “It does continue to tell us that as we get into the latter part here of 2024, we should expect more pork supplies on the marketplace,” he says. “We’ll have to see whether that becomes more of a drag on hog prices as we get later into this year.”

Total inventory, as of June 1 was 1% above year-ago levels.  USDA says Iowa accounted for the largest inventory and Minnesota was second.

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