USDA Releases September 2024 Hogs and Pigs Report: Key Takeaways for the Swine Industry

Sep 30, 2024

The U.S. Department of Agriculture has published its latest Hogs and Pigs report for September 2024, providing critical data on inventory levels and key production trends in the swine industry. The following are the main highlights of the report:

Inventory Overview

The total inventory of hogs and pigs in the United States as of September 1, 2024, was 74.8 million head, reflecting a slight decrease of 1% compared to the same period last year.
The breeding inventory was reported at 6.13 million head, also down 1% from the previous year.
Market hog inventory reached 68.7 million head, down 1% from 2023.

Breeding and Farrowing Intentions

The report indicates that the number of sows farrowing during the June-August 2024 period totaled 2.92 million head, which was 2% below the same period a year earlier.
The number of pigs saved per litter was reported at an average of 11.3, relatively unchanged from the previous year.

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Video: CEOs of the Industry, A Conversation with Daniel Rivest, President & CEO, Olymel

Swine Web’s CEOs of the Industry series welcomes Daniel Rivest, President & CEO of Olymel, for a wide-ranging conversation about leadership, the future of Canadian pork, and the opportunities ahead for one of North America’s largest pork and poultry processors.

Rivest discusses his journey to the CEO role, his leadership philosophy, and his early priorities at Olymel. The conversation explores the company’s strategic direction, its relationships with producers, and how Olymel is positioning itself for long-term growth and competitiveness.

The discussion also tackles some of the biggest issues facing Canadian pork production today, including labor availability, global competition, animal health, trade and export markets, automation, and the growing potential of artificial intelligence throughout the food production system.

Topics include:

• Daniel Rivest’s path to becoming President & CEO of Olymel

• Olymel’s current position and strategic direction

• The outlook for Canadian pork production

• Building stronger relationships with producers

• Global trade and key export markets

• Automation, innovation and artificial intelligence

• Leadership lessons and opportunities for the next generation

The conversation concludes with a Fast Five, giving viewers a more personal look at Rivest’s leadership approach and his vision for Olymel’s future.