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Inventory of pigs and hogs in U.S.A. up by 2 %

66.1 million hogs and pigs as of Dec. 1

The U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) surveyed over 10,000 swine operators across the country; the research revealed the country’s pork inventory is on the rise.

In December 2013 the pork and hog inventory hovered between 61 and 62 million. 2014’s numbers show the numbers have increased to just over the 66 million mark.

Among the findings were:

  • Of the 66.1 million hogs and pigs accounted for, 60.1 (90%) were market hogs, leaving the other 10% (5.97 million hogs) for breeding.
  • From September to November 2014, 29.4 million pigs were weaned at U.S. farms. Up 4% from about 28.2 million counted at the same time in 2013.
  • Hog producers estimate they can have 2.87 million sows farrow between December 2014 and February 2015, and 2.90 million between March and May 2015.
  • With their 20.9 million hogs, Iowa produced the most inventory in the United States. North Carolina and Minnesota rounded out the top three states with the largest inventories.

Current information shows pork exports to be over $4.7 billion. The top three countries importing U.S. pork are Mexico, Japan, and Canada.

When it comes to countries importing pork into the U.S. markets, Canada, Denmark, and Poland make up the top three.


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.