Agricultural News
Bullish Hog and Pigs Report From USDA to Wash Over Market On Monday
Sun, 28 Mar 2010 20:49:09 CDT
University of Nebraska Livestock Marketing Specialist Dr. Darrell Mark says the latest Hogs and Pigs report, released Friday afternoon, is a very bullish report. The March 1st breeding herd is at a record low 5.76-million - down 3.9-percent from one year ago.
The market herd is down 2.7-percent at 58.2-million. The all hogs and pigs total of 63.98 million head is down 2.8 percent from last year and nearly two percent lower than the pre-report estimate. According to Agricultural Economist Erica Rosa - the report boosted the price outlook for market hogs.
The breeding herd in Oklahoma jumped three percent over the last year, compared to a four percent drop nationally. The total Oklahoma breeding herd now stands at 410,000 head, making Oklahoma the fifth largest breeding herd in the US.
The total number of market hogs in the state actually dropped by three percent, about in line with what was seen nationally, as there were 1.88 million market hogs in the state as of March first, meaning that Oklahoma is tied for eighth with Ohio in the number of market hogs in the state. The total number of hogs and pigs as of March first is off 2% from one year ago, and stands at 2.34 million head, the 8th most in any state in the US.
We have an audio review of the report in the eyes of three market analysts, including Erica Rose and Dr. Darrell Mark. Click on the Listen Bar below to hear that report.
Click here to review the full report as released by the USDA on Friday afternoon, March 26, 2010.
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