USDA will release their Quarterly Hogs & Pigs Report on Wednesday, September 28, at 2:00 p.m. CT.
Following are pre-report expectations (as percent of year-ago):
Quarterly H&P Report Expectations
| Avg. trade guess
| Range
|
| ||
All Hogs and Pigs | 100.5
| 99.8-101.2
|
Kept for breeding | 100.1
| 99.6-100.5
|
Kept for marketing | 100.5
| 99.8-101.3
|
June-Aug pig crop | 99.8
| 99.0-101.2
|
June-Aug pigs per litter | 101.9
| 101.0-102.7
|
June-Aug farrowings | 97.9
| 97.3-98.5
|
Sept-Nov farrowing int. | 99.1
| 98.5-100.1
|
Dec-Feb farrowing int. | 99.5
| 98.5-100.7
|
Hogs under 60 lbs. | 100.1
| 99.0-101.2
|
Hogs 60 to 119 lbs. | 100.2
| 99.0-101.2
|
Hogs 120-179 | 100.5
| 99.4-101.5
|
Hogs 180 and over | 102.0
| 101.0-103.0
|
* Expectations compiled by Dow Jones Newswire.
Juli says: Traders will be monitoring the farrowing intentions figures especially closely when USDA releases the report. Traders expect the report to reflect some contraction in the industry given high feed costs. If USDA comes in with a percentage point drop from year-ago, it would be offset by efficiencies via a higher pig-per-litter than year-ago.
