Market News

Hog inventory report expected to show PEDv impact

PEDv has tightened the supply of market ready hog numbers, sending futures, cash, and wholesale prices to new record highs this year.

Friday, the industry will get more clues as to just how much market ready numbers have tightened when USDA releases its Quarterly Hogs and Pigs Estimates.

Allendale Inc. projects all hogs March 1, 2014 at more than 5% below March 1, 2013, with the breeding herd down 1% and market hogs dropping 5.5%.

Still, Allendale does expect year to year increases for the December through February farrowing and pig crop figures, along with increased farrowing intentions this spring and summer.

The numbers are out Friday, March 28 at 3 PM Eastern/2PM Central.