Traders are expecting USDA’s Quarterly Hogs & Pigs Report Friday afternoon to show a total hog inventory about in line with year-ago. But the data is also expected to signal mild herd expansion plans amid cheaper feed costs, as fall farrowings along with winter and spring farrowing intentions are seen coming in above year-ago. The question is whether impacts from porcine epidemic diarrhea virus (PEDV) are reflected in the data.
Quarterly H&P Report Expectations
| Avg. trade guess
| Range
|
| ||
All Hogs and Pigs | 99.9
| 98.6-101.0
|
Kept for breeding | 101.0
| 100.2-101.9
|
Kept for marketing | 99.8
| 98.4-101.1
|
Sept.-Nov. pig crop | 101.2
| 99.1-102.7
|
Sept.-Nov. pigs per litter | 100.8
| 98.7-102.4
|
Sept.-Nov. farrowings | 100.4
| 100.1-100.6
|
Dec.-Feb. farrowing int. | 100.9
| 100.5-101.8
|
Mar.-May farrowing int. | 101.2
| 97.6-102.0
|
Hogs under 50 lbs. | 99.7
| 97.8-101.4
|
Hogs 50 to 119 lbs. | 99.7
| 98.6-101.4
|
Hogs 120-179 | 99.9
| 98.1-101.3
|
Hogs 180 and over | 100.1
| 99.2-101.1
|
