The Quarterly Hogs and Pigs report released June 29, 2017 by USDA's National Agricultural Statistics Service, contained a number of highs for the pork industry:
- The U.S. hog inventory on June 1, 2017, was at the highest level since USDA began estimates in 1964.
- The market hog inventory was at the highest June 1 level since estimates began in 1964.
- The March-May 2017 pig crop was the second largest March-May pig crop since estimates began in 1970.
- The average pigs saved per litter was a record high 10.55 for the March-May period, compared to 10.48 last year.
Here's a look at the numbers:
- U.S. inventory of all hogs and pigs was 71.7 million head, up 3% from June 1, 2016, and up 1% from March 1, 2017.
- Breeding hog inventory was up 2% from last year at 6.07 million head and up slightly from the last quarter.
- Market hog inventory, at 65.6 million head, was up 4% from last year, and up 1% from last quarter.
- The March-May 2017 pig crop, at 32.3 million head, was up 4% from 2016.
- Sows farrowed from March through May totaled 3.06 million head, up 3% from 2016. The sows farrowed during this quarter represented 50% of the breeding herd. Pigs saved per litter by size of operation ranged from 7.70 for operations with 1-99 hogs and pigs to 10.60 for operations with more than 5,000 hogs and pigs.
- U.S. hog producers intend to have 3.06 million sows farrow during the June-August 2017 quarter, up slightly from the actual farrowings during the same period in 2016, and up 2% from 2015.
- Intended farrowings for September-November 2017, at 3.06 million sows, are up slightly from 2016, and up 4% from 2015.
- The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 48% of the total United States hog inventory, up from 47% the previous year.
- All inventory and pig crop estimates for June 2016 through March 2017 were reviewed using final pig crop, official slaughter, death loss, and updated import and export data.
- The net revision made to the December 2016 all hogs and pigs inventory was 0.03%.
- A revision of 0.1% was made to the September-November 2016 pig crop.
- A revision of 0.1% was made to the March 2017 all hogs and pigs inventory.
Source: USDA NASS