USDA will release its Quarterly Hogs & Pigs Report on Friday, September 28, at 2:00 p.m. CT. Heading into the report, traders look for the report to reflect a tightening supply situation via the farrowing intentions figures, which is expected to come in below year-ago levels. However, this will be offset by continued improvements in efficiencies via pigs per litter to produce a total number of Hogs & Pigs just ahead of year-ago levels. Following are pre-report expectations as percent of year-ago:
Quarterly H&P Report Expectations
| Avg. trade guess
| Range
|
| ||
All Hogs and Pigs | 100.7
| 99.0-101.7
|
Kept for breeding | 99.9
| 98.5-100.8
|
Kept for marketing | 100.8
| 99.0-101.9
|
June-Aug pig crop | 100.2
| 99.8-100.9
|
June-Aug pigs per litter | 100.9
| 100.5-101.4
|
June-Aug farrowings | 99.2
| 98.7-100.1
|
Sept-Nov farrowing int. | 98.7
| 97.6-99.7
|
Dec-Feb farrowing int. | 98.4
| 97.3-100.3
|
Hogs under 50 lbs. | 99.9
| 99.0-101.0
|
Hogs 50 to 119 lbs. | 100.1
| 98.0-101.8
|
Hogs 120-179 | 100.8
| 99.0-102.9
|
Hogs 180 and over | 102.6
| 100.5-104.9
|
* Expectations compiled by Dow Jones Newswire.
