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USDA's Quarterly Hogs and Pigs report showed the total US hog inventory at 75.8 million, up 1% year over year, with pigs saved per litter at a record 11.92. Farrowing intentions for early 2025 were up about 1%, a combination that could raise inventories.
Larger hog supplies and record productivity point to heavier pork supply in early 2025, which would pressure hog prices and reduce near-term demand for feed grains from the hog sector.
fb.orgBernt NelsonDec 27, 2024After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
