USDA will release its Quarterly Hogs and Pigs report on Thursday. Below are analysts’ estimates for the report.
The biggest change since the 1 March report is the number of market hogs, which is expected to be up 1.1 percent from what was implied in March. The percent increase in hogs weighing more than 180 pounds is even higher, according to analysts, at 1.3 percent, which jibes with the weekly slaughter pace for June to date. For July and August, the pre-report estimate shows a 1 percent increase compared to the 0.3 percent and 0.5 percent, respectively, reported in March. That is slightly bearish all around. The pigs per litter over the past five years have increased by 1 percent from March through May compared with the December t...
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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...