News
US hog inventory down 2%
The USDA’s Quarterly Hogs and Pigs report shows signs of further contraction in the hog industry.
On March 1st, the total U.S. inventory was 72.2 million head, down 2% on the year, and down 3% from December 1, 2021.
The market hog inventory is just over 66 million head, also down 2% on the year, and down 3% from the previous quarter.
The breeding inventory declined, indicating tighter numbers are likely in the coming months.
The March to May pig crop declined 1% from year-ago levels, with pigs per litter up slightly year-over-year.
The numbers look friendly for cash and futures prices, but that will depend largely on sustained demand.
i would like to be be able to get live hog prices