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U.S. hog contraction still ahead

The USDA Quarterly Hogs and Pigs report was released by the National Agricultural Statistics Service on September 28, 2023. Overall, estimates were higher than expected for all categories, except for farrowings. Inventory of all U.S. hogs and pigs on September 1, 2023 was estimated at 74.3 million head, up 0.3% or 194,000 head from September 1, 2022, and up 2% from June 1, 2022.
 
"The driver behind the higher inventories is productivity," explains Ann Boyda, provincial livestock market analyst with the Alberta government. "Pigs per litter were an average of 11.61 which is up from 11.13 for September 1, 2022. The higher pigs per litter offset the decline in breeding stock.

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Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Video: Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Today’s episode features three guests discussing the similarities and differences between pork production in the United States and Brazil, along with strategies for managing risk in today’s industry while recognizing and acting on opportunities. First, Dr. Anne Caroline de Lara, executive manager of live pig production at Seara Alimentos, a JBS company in Brazil, is joined by Dr. Matthew Turner, head of operations for JBS Live Pork. Together, they discuss how labor, climate and ventilation challenges vary between Brazil and the United States, while underscoring their shared commitment to raising healthy pigs. They also point to lessons producers in both countries can take from one another’s systems and on-farm experiences. Then, Brady Reicks, risk manager at Reicks View Farms, shares his perspective on risk management, drawing from his background in markets and his transition into farming. He discusses how protecting margins varies by operation and offers practical approaches producers can use to make marketing and business decisions with greater confidence rather than hesitation.

Both conversations were recorded at recent industry events focused on swine livability, including the International Conference on Pig Livability and Iowa Swine Day.