Quarterly Hog and Pig Report Summary – Jun ’18
Executive Summary Quarterly U.S. hog and pig figures provided by USDA were recently updated with values spanning through Jun ’18. Highlights from the updated report include:
- The U.S. pig inventory remained higher on a YOY basis for the 15th consecutive quarter during Jun ’18, finishing 3.4% above the previous year and reaching a record seasonal high.
- U.S. sows kept for breeding increased 3.5% YOY, finishing at a 19 year high. Sows kept for breeding have finished higher on a YOY basis over nine consecutive quarters through Jun ’18.
- U.S. farrowing rates for the Mar ’18 – May ’18 period increased 0.1% YOY, finishing higher for the ninth time in the past ten quarters. Farrowing intentions are expected to decline 1.7% and 0.7%, respectively, throughout the Jun ’18 – Aug ’18 and Sep ’18 – Nov ’18 farrowing periods, however.