US Hogs and Pigs Report Shows Modest Expansion Into 2012- Updated with Audio AnalysisFri, 23 Dec 2011 13:55:05 CST
On Friday, the USDA issued their quarterly Hog and Pigs Inventory report, which according to Steve Meyer with Paragon Economics, came in about as expected. The following is the text from the summary of the report issued on December 23, 2011.
United States inventory of all hogs and pigs on December 1, 2011 was 65.9 million head. This was up 2 percent from December 1, 2010, but down 1 percent from September 1, 2011.
Breeding inventory, at 5.80 million head, was up slightly from last year, but down slightly from the previous quarter. Market hog inventory, at 60.1 million head, was up 2 percent from last year, but down 1 percent from last quarter.
The September-November 2011 pig crop, at 29.0 million head, was up 2 percent from 2010. Sows farrowing during this period totaled 2.89 million head, up slightly from 2010. The sows farrowed during this quarter represented 50 percent of the breeding herd. The average pigs saved per litter was a record high 10.02 for the September-November period, compared to 9.89 last year. Pigs saved per litter by size of operation ranged from 7.40 for operations with 1-99 hogs and pigs to 10.10 for operations with more than 5,000 hogs and pigs.
United States hog producers intend to have 2.87 million sows farrow during the December 2011-February 2012 quarter, up 1 percent from the actual farrowings during the same period in 2011, but down slightly from 2010. Intended farrowings for March-May 2012, at 2.89 million sows, are down 1 percent from 2011, and down 1 percent from 2010.
The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 45 percent of the total United States hog inventory, unchanged from last year.
Click here for the complete report from the US Department of Agriculture's NASS
When you break down the numbers on a state by state basis- Oklahoma remains the 8th largest total hog inventory state, with 2.29 million hogs residing in the state. The number of animals in the Oklahoma breeding herd- 410,000 females- is good enough to be the fifth largest state in the number of breeding animals. Iowa is number one in both of these categories- while North Carolina is number two.
After the report was released midday on Friday, a teleconference was held for the media to review the numbers. You can listen to the analysis offered by three hog industry experts- as well as get a summary of the numbers as recapped by Steve Meyer of Paragon Economics.
The panel included:
• Victor Aideyan, Senior Risk Management Consultant, HISGRAIIN Commodities Inc., London Ontario, Canada
• Ron Plain, Professor of Ag Economics, University of Missouri, Columbia, Mo.
• Bob Brown, Independent Meat Market Analyst, Edmond, Okla.
Click on the LISTEN BAR below to hear the perspectives of all four of these individuals.
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