Ahead of USDA’s quarterly hogs and pigs update, analysts, on average, don’t expect all that many changes in the main inventory categories.
Via Dow Jones Newswires, the average guess for the total herd as of September 1 is 100.7% of a year ago, the breeding inventory is pegged at 99.9% and marketings are estimated at 100.8%.
The June to August pig crop could come out at 100.2% with pigs per litter at 100.9% and farrowings of 99.2%. September to November farrowing intentions are projected at 98.7% and December to February intentions are seen at 98.4%.
By class, hogs weighing less than 50 pounds are seen at 99.9 of a year ago, with the 50 to 119 pound category at 100.1%, 120 to 179 pounders at 100.8%, and the 180 pound an heavier inventory at 102.6%.
The numbers are out Friday, September 28 at 2 PM Central.