Agricultural News
Friday Hog and Pigs Quarterly Report Called Neutral for Hog Market Direction
Mon, 27 Sep 2010 9:09:27 CDT
USDA is estimating the U.S. swine herd at 64.9-million head - down 2.6 percent from last year and the lowest September 1st hog inventory in four years. The kept-for-breeding category was two-percent below last year. The marketing hog supply is three-percent smaller than those of one year ago. The dynamics in the grain market may have a bigger near-term influence on the hog market. University of Missouri Extension Economist Ron Plain says the swine industry is making money.
U.S. hog producers intend to have 2.88 million sows farrow during the September-November 2010 quarter, down 1 percent from the actual farrowings during the same period in 2009 and down 5 percent from 2008. Intended farrowings for December 2010-February 2011, at 2.89 million sows, are up slightly from 2010 but down 4 percent from 2009.
The size of the breeding herd in Oklahoma is unchanged from September first of last year- with 410,000 sows residing in Oklahoma- which makes out sow herd the fifth largest state herd in the US. Market hog numbers are also unchanged from a year ago in the state- Oklahoma is 8th in the size of the market hog numbers in the country. Total hog and pig count in the state stands at 2.36 million hogs and piggies- the 8th largest state number in the US in this latest report.
We have an audio overview of the Friday report, with comments from Dr. Ron Plain of the University of Missouri, Shane Ellis of the Iowa Beef Center in Ames, Iowa and independent market analyst Bob Brown who lives in Edmond, Oklahoma. Click on the LISTEN BAR below to hear the comments of these hog market watchers.
Click here for the full report as released by USDA on Friday afternoon.
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