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More of the Same: Productivity Gains again Offset Cuts to Farrowings

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  • Franken, Jason

Abstract

The USDA’s June Hogs and Pigs report places the June 1 inventory of all hogs and pigs at 74.5 million head, up 0.22% from last quarter and 1.27% higher than a year ago, close to pre-report expectations of 1.2% (ranging 0.4% to 1.7%) higher. Likewise, market hog inventories are up 0.25% from last quarter and 1.68% higher than a year ago, again close to pre-report expectations of 1.5% (ranging 0.7% to 2%) higher. Meanwhile the breeding herd is down 0.13% from last quarter and down 3.19% from last year, just below the bottom end of the range of pre-report expectations of 1.5% to 3.0% (2.3% on average) lower. In contrast, the March through May pig crop, at 1.82% higher than last year, comes in a bit above the upper end of the range of pre-report expectations of 0.90% to 1.60% (1.3% on average) higher.

Suggested Citation

  • Franken, Jason, 2025. "More of the Same: Productivity Gains again Offset Cuts to Farrowings," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(122).
    • Handle: RePEc:ags:illufd:358484
    DOI: 10.22004/ag.econ.358484
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    Keywords

    Agribusiness; Livestock Outlook;

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