USDA released the quarterly hogs and pigs report yesterday. The total swine inventory on 1 September was 77.3 million head, which was 103 percent of December 2018.
Like the last few quarters, this was another record setting report. New records include:
1 December market hog inventory, largest since records began in 1963 September to November pig crop, largest since records began in 1970 September-November pigs saved per litter, largest since 1970
In short, there are plenty of hogs awaiting a hoped for burst in export demand now that trade tensions with China are easing and the Japan trade agreement and USMCA are in place. The number of hogs weighing more than 120 pounds came in well ahead of estimates, while l...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
