Analysts say the quarterly Hogs & Pigs File is impartial to bearish near-term
29 March 2024
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Nationwide Agricultural Statistics Provider (NASS), Agricultural Statistics Board, United States Division of Agriculture (USDA) launched its Hogs & Pigs File on March 28, 2024.
United States stock of all hogs and pigs on March 1, 2024 used to be 74.6 million head. This used to be up 1% from March 1, 2023, however down 2% from December 1, 2023.
Breeding stock, at 6.02 million head, used to be down 2% from remaining yr, however up rather from the former quarter.
Marketplace hog stock, at 68.6 million head, used to be up 1% from remaining yr, however down 2% from remaining quarter.
The December 2023-February 2024 pig crop, at 33.1 million head, used to be up 2% from remaining yr. Sows farrowing all through this era totaled 2.88 million head, down 3% from earlier yr. The sows farrowed all through this quarter represented 48% of the breeding herd. The typical pigs stored consistent with clutter used to be 11.53 for the December 2023-February 2024 length, in comparison to 11.02 remaining yr.
US hog manufacturers intend to have 2.92 million sows farrow all through the March-Might 2024 quarter, down 1% from the true farrowings all through the similar length 12 months previous, and down 2% from the similar length two years previous. Meant farrowings for June-August 2024, at 2.99 million sows, are down 2% from the similar length 12 months previous, and down 3% from the similar length two years previous.
The entire selection of hogs beneath contract owned by way of operations with over 5,000 head, however raised by way of contractees, accounted for 52% of the full United States hog stock, up 1% from the former yr.
Revisions
All stock and pig crop estimates for March 2023 via December 2023 have been reviewed the usage of ultimate pig crop, professional slaughter, dying loss, and up to date import and export knowledge. The revision made to the December 2023 all hogs and pigs stock used to be 1.1%. A revision of 0.5% used to be made to the September 2023-November 2023 pig crop. The web revision made to the September 2023 all hogs and pigs stock used to be 2.4%. A web revision of three.1% used to be made to the June-August 2023 pig crop.