USDA released its quarterly Hogs and Pigs report yesterday, confirming herd expansion and containing a number of records. The total inventory of hogs and pigs as of 1 June was 73.5 million head, 103 percent of last year and also up to 101 percent of the last quarter on 1 March. It was in line with the pre-report estimates and is the largest 1 June on record (since 1964). Market hogs totaled 67.1 million head, also 103 percent of year-ago levels as well as a record for 1 June.
Sows kept for breeding totaled 6.32 million head or 103 percent of last year, and that was the biggest market surprise in the report as industry expectations had this inventory at 101.7 percent. Producers reported their intention to farrow 3.17 million sows during...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
