Quarterly Hog and Pig Report Summary – Jun ’18
Executive Summary
Quarterly U.S. hog and pig figures provided by USDA were recently updated with values spanning through Jun ’18. Highlights from the updated report include:
On a YOY basis, Jun ’18 hog and pig inventories weighing less than 120 pounds increased 3.5% YOY while weights 120 pounds or more finished 3.3% above the previous year levels.
Jun ’18 sows kept for breeding increased 1.9% from the previous quarter while also remaining higher on a YOY basis, finishing up 3.5% to a 19 year high. Sows kept for breeding have increased on a YOY basis over nine consecutive quarters through Jun ’18.
The Mar ’18 – May ’18 pig crop increased 2.6% from the previous quarter while also remaining 4.3% higher YOY, finishing at a record high seasonal figure. The seasonal increase in the pig crop of 2.6% was consistent with the five year average seasonal increase of 2.5%.
Mar ’18 – May ’18 surviving litter sizes increased 0.5% from the previous quarter while also remaining 0.8% higher YOY, also finishing at a record high seasonal figure. Surviving litter sizes have increased on a YOY basis over 15 consecutive quarters however the seasonal increase in weaned pigs saved per litter of 0.5% was significantly smaller than the five year average figure of 1.8%.
Mar ’18 – May ’18 farrowing rates increased 0.1% YOY, finishing higher for the ninth time in the past ten quarters. Farrowing intentions are expected to decline 1.7% YOY throughout the Jun ’18 – Aug ’18 period and 0.7% YOY throughout the Sep ’18 – Nov ’18 period, however. Sows farrowing during the March – May period represented 49.4% of the breeding herd.
- The U.S. pig inventory remained higher on a YOY basis for the 15th consecutive quarter during Jun ’18, finishing 3.4% above the previous year and reaching a record seasonal high.
- U.S. sows kept for breeding increased 3.5% YOY, finishing at a 19 year high. Sows kept for breeding have finished higher on a YOY basis over nine consecutive quarters through Jun ’18.
- U.S. farrowing rates for the Mar ’18 – May ’18 period increased 0.1% YOY, finishing higher for the ninth time in the past ten quarters. Farrowing intentions are expected to decline 1.7% and 0.7%, respectively, throughout the Jun ’18 – Aug ’18 and Sep ’18 – Nov ’18 farrowing periods, however.
On a YOY basis, Jun ’18 hog and pig inventories weighing less than 120 pounds increased 3.5% YOY while weights 120 pounds or more finished 3.3% above the previous year levels.
Jun ’18 sows kept for breeding increased 1.9% from the previous quarter while also remaining higher on a YOY basis, finishing up 3.5% to a 19 year high. Sows kept for breeding have increased on a YOY basis over nine consecutive quarters through Jun ’18.
The Mar ’18 – May ’18 pig crop increased 2.6% from the previous quarter while also remaining 4.3% higher YOY, finishing at a record high seasonal figure. The seasonal increase in the pig crop of 2.6% was consistent with the five year average seasonal increase of 2.5%.
Mar ’18 – May ’18 surviving litter sizes increased 0.5% from the previous quarter while also remaining 0.8% higher YOY, also finishing at a record high seasonal figure. Surviving litter sizes have increased on a YOY basis over 15 consecutive quarters however the seasonal increase in weaned pigs saved per litter of 0.5% was significantly smaller than the five year average figure of 1.8%.
Mar ’18 – May ’18 farrowing rates increased 0.1% YOY, finishing higher for the ninth time in the past ten quarters. Farrowing intentions are expected to decline 1.7% YOY throughout the Jun ’18 – Aug ’18 period and 0.7% YOY throughout the Sep ’18 – Nov ’18 period, however. Sows farrowing during the March – May period represented 49.4% of the breeding herd.