Today's USDA Hogs & Pigs report says there were 3.9 per cent more marketing hogs in the US on September 1 than a year ago. The average of pre-release trade forecasts also was for the market hog inventory to be up 3.9 per cent, write Ron Plain and Scott Brown, Ag Economics, MU. USDA put the breeding herd at 101.1 per cent of a year earlier. The average trade prediction was for 100.3 per cent . The September survey said producers farrowed 1.6 per cent fewer sows this summer than last. USDA said producer farrowing intentions for September-November are for 2.5 per cent fewer sows to farrow than last fall and December-February farrowings are expected to be down. Read more...
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