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USDA's June 2021 Quarterly Hogs and Pigs report showed the all-hog inventory on June 1 at 75.7 million head, down 2% year on year and above analyst expectations of a 2.5% decline. Intended sow farrowings for June to August were 4% lower year on year, a bit below analyst expectations.
A smaller breeding herd and reduced farrowing intentions point to tighter hog supplies ahead, which supports hog prices and steadier demand for feed later in the year.
feedstuffs.comKrissa WelshansJun 24, 2021After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
