Quarterly Hog and Pigs Report Update (Chart)

2014 USDA March 1 Quarterly Hogs & Pigs Report suggesting hog supplies will be -4-5% in 14 vs. 13 but USDA overstating the numbers, this report is bearish as futures were factoring in a high drop in supplies but bullish for Grain Stocks Report on Monday March 31^st, 2014!

MARCH 1 HOG INVENTORY	USDA ESTIMATE (% VS. A YEAR AGO)	PRE REPORT AVERAGE ANALYST ESTIMATES (% VS. A YEAR AGO)	ANALYST RANGE OD ESTIMATES
ALL HOGS INVENTORY ON MARCH 1	97	94.6	92.0 – 97.1
KEPT FOR BREEDING	100	99.4	98.9 – 100.7
KEPT FOR MARKETING	96	94.1	96.2 – 96.9
DEC- FEB PIG CROP	97	96.4	90.8 - 101.4
DEC- FEB PIGS PER LITTER	95	96.4	92.9 - 99.8
DEC – FEB FARROWING INTENTIONS	103	100	97.8 – 101.3
MAR – MAY FARROWING INTENTIONS	102	100.5	98.6 – 102.0
JUNE – AUGUST FARROWING INTENTIONS	102	100.9	99.0 – 102.0
HOGS WEIGHING UNDER 50	96	93.5	87.7 – 98.9
HOGS WEIGHING 50 - 119	94	94.2	91.0 – 97.8
HOGS WEIGHING 120 - 179	97	94.1	92.3 – 98.1
HOGS WEIGHING 180 & OVER	95	95.2	93.9 – 97.3

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Permalink Reply by Moe Agostino on March 28, 2014 at 11:06am

Call Josh if you would like to ask any pork marketing questions.

Thanks,

Moe Agostino

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