The core numbers of the Quarterly Hogs & Pigs Report are in line with pre-report trade expectations. All H&P and market hog numbers are on the low-end of the pre-report guess range, but the breeding herd increase is in the upper half of the range.
Quarterly H&P Report Expectations
| USDA
| Avg. trade guess
| Range
|
% of year-ago | |||
All Hogs and Pigs | 101
| 101.3
| 100.7-102.2
|
Kept for breeding | 101
| 100.7
| 100.0-101.3
|
Kept for marketing | 101
| 101.4
| 100.6-102.3
|
Mar-May pig crop | 101
| 100.9
| 100.5-101.3
|
Mar-May pigs per litter | 101
| 101.3
| 100.7-101.9
|
Mar-May farrowings | 100
| 99.6
| 99.1-100.4
|
June-Aug farrowing int. | 99 | 99.2
| 98.2-100.8
|
Sept-Nov farrowing int. | 99
| 99.7
| 98.7-101.2
|
Hogs under 60 lbs. | 100
| 101.0
| 99.8-102.0
|
Hogs 60 to 119 lbs. | 101
| 101.5
| 100.7-102.4
|
Hogs 120-179 | 101
| 101.8
| 100.6-103.1
|
Hogs 180 and over | 100
| 100.6
| 99.0-102.3
|
