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USDA's December Hogs and Pigs report put the December 1 all-hog inventory at 74.97 million head, up 0.88% from the prior quarter and 0.02% from a year earlier. The breeding herd fell 3.3% year on year, more than expected, while pigs per litter hit a record 11.66.
Analysts expect bearish hog price outlook near term.
A larger-than-expected drop in the breeding herd points to tighter hog supply later in 2024, which supports hog prices and feed demand over time, though near-term market hog supplies remain similar to last year.
porkbusiness.comFarmdoc Daily8 ene 2024Tras 61 eventos neutral de informe pasados, Cerdo magro se movió una mediana de -0,4 % en 5 sesiones (48% al alza; mitad central entre -1,3 % y +1,8 %), y +2,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
