USDA reports some expansion in US hog inventory

Published 2023년 3월 30일

Tridge summary

The USDA's Q1 report shows a minor expansion in the U.S. swine industry, with the inventory slightly higher than last year at 72.86 million head, despite a 2% decrease from the previous quarter. This is attributed to a revision in the USDA data. The breeding and marketing herds both saw slight year-to-year increases, along with a record number of pigs per litter. However, farrowing intentions for the next six months are projected to decrease by 3% from the same period in 2022. Contract hogs on operations of over 5,000 head accounted for 51% of the U.S. inventory, slightly above last year's figure.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA’s Quarterly Hogs and Pigs Report shows some short-term expansion.The U.S. swine inventory on March 1st of 72.86 million head was down 2% from the last quarter due to due to a revision in the USDA data, but that is slightly larger than this time last year.That included modest year-to-year increases in both the breeding and the marketing herds, to 6.127 million and 66.734 million head, respectively, along with a slightly larger pig crop of 32.1 million head and record number of pigs per litter at 11.02, against a fractional decrease in the number of sows farrowed.Projections for farrowing intentions for March through May and June through August are both down 3% from the same period in 2022.Contract hogs on operations of more than 5,000 ...

Source: Brownfield Ag