| Hogs and Pigs Report Summary - June 1 Inventory | |||
| Current Year Million Head | Current Year as Percent of Last Year | Current Year as Percent of 2 Years Ago | |
| All Hogs and Pigs | 74.486 | 101.3 | 102.5 |
| Kept for Breeding | 6.008 | 96.8 | 96.6 |
| Kept for Market | 68.479 | 101.7 | 103.1 |
| Market Hogs and Pigs by Weight Group | |||
| Under 50 Pounds | 21.589 | 101.4 | 103.3 |
| 50-119 Pounds | 19.208 | 101.2 | 102.8 |
| 120-179 Pounds | 14.630 | 102.0 | 103.6 |
| 180 Pounds and Over | 13.052 | 102.5 | 102.6 |
| Pig Crop | |||
| Mar-May | 34.021 | 101.8 | 104.2 |
| Hogs & Pigs June 1 Inventory Estimates | |||
| Hightower | Low | High | |
| All Pigs | 101.2% | 100.4% | 101.7% |
| Kept for Breeding | 97.7% | 97.0% | 98.5% |
| Kept for Market | 101.5% | 100.7% | 102.0% |
| Market Hogs and Pigs by Weight Group | |||
| Under 50 Pounds | 101.2% | 100.3% | 101.7% |
| 50-119 Pounds | 101.4% | 100.6% | 102.2% |
| 120-179 Pounds | 101.6% | 100.7% | 102.4% |
| 180 Pounds and Over | 102.1% | 101.3% | 102.9% |
| Pig Crop | |||
| Mar-May | 101.3% | 100.9% | 101.6% |
Highlights
The USDA Hogs and Pigs report showed the June 1 US hog inventory at 101.3% of last year versus an average trade expectation of 101.2% and a range of expectations from 100.4% to 101.7%. Kept for breeding came in below the range of estimates at 96.8% of last year. The average estimate was 97.7% with a range of 97%-98.5%. Market hogs came in at 101.7% versus 101.5% expected (range 100.7%-102%). All weight categories came within the range of estimates. The March-May pig crop was above the range of estimates at 101.8% of last year versus. Pigs per litter averaged 11.56 versus 11.36 last year, 105% of a year ago.
Definition
This full-text report, issued four times yearly, presents data on the U.S. pig crop for 16 major states and the U.S., including inventory number by class, weight group, farrowings, and farrowing intentions. Pigs per litter and pig crop by quarter are also covered in the report. Data was gathered from a random sample of approximately 7,500 U.S. producers of varying sizes, though large operations were sampled more heavily.
Description
This report presents a quarterly accounting of hog and pig inventory and of the quarterly pig crop, i.e. pig production. It is the most complete information on pig supply that the USDA produces.
Inventory numbers are reported as of the first day of the month that the report is released. These numbers are not projections; they represent current supply data based on statistical surveys of hog producers. The report includes weight breakdowns, which is helpful in determining the how close hogs are to finishing and ready for slaughter. There is also a breakdown between the number that have been kept for breeding and those that will be sent to market. The “kept for breeding” number provides insight about herd expansion or contraction, while the “market” number provides information on more immediate supply. State-by-state breakdown are included as well.
In addition to the inventory numbers, the report presents quarterly pig crop, sows farrowing, and pigs per litter data. These numbers provide insight into hog production. Data on the previous two years is included, as well as forecasts for the next two quarters.
Inventory numbers are reported as of the first day of the month that the report is released. These numbers are not projections; they represent current supply data based on statistical surveys of hog producers. The report includes weight breakdowns, which is helpful in determining the how close hogs are to finishing and ready for slaughter. There is also a breakdown between the number that have been kept for breeding and those that will be sent to market. The “kept for breeding” number provides insight about herd expansion or contraction, while the “market” number provides information on more immediate supply. State-by-state breakdown are included as well.
In addition to the inventory numbers, the report presents quarterly pig crop, sows farrowing, and pigs per litter data. These numbers provide insight into hog production. Data on the previous two years is included, as well as forecasts for the next two quarters.
