Introduction

This document aims to pull together, in one place of reference, all the various information generated by the USDA Quarterly report. This document includes:

USDA Quarterly Report: June 2007 What It All Means - Expert Commentary In The News - What The Media Says Graph Data From The Report Hog Inventories by State (external link - select State and navigate to file)

For a PRINTABLE VERSION of the full 23 page report in PDF format, including all the tabular data which is not shown in this article, Click Here

US Quarterly Pigs and Hogs Inventory: June 2007

U.S. inventory of all hogs and pigs on June 1, 2007 was 62.8 million head. This was up 2 percent from both June 1, 2006 and March 1, 2007.

Breeding inventory, at 6.12 million head, was up 1 percent from last year, and 2 percent from the previous quarter.

Market hog inventory, at 56.6 million head, was up 2 percent from both last year and last quarter.

The March-May 2007 pig crop, at 27.1 million head, was up 2 percent from 2006 and up 4 percent from 2005. Sows farrowing during this period totaled 2.97 million head, up 1 percent from 2006 and up 3 percent 2005. The sows farrowed during this quarter represented 49 percent of the breeding herd.

The average pigs saved per litter was 9.15 for the March-May 2007 period, compared to 9.08 last year. Pigs saved per litter by size of operation ranged from 7.60 for operations with 1-99 hogs and pigs to 9.20 for operations with more than 5,000 hogs and pigs.

U.S. hog producers intend to have 2.96 million sows farrow during the June-August 2007 quarter, up 2 percent from the actual farrowings, and up 1 percent from 2005.

Intended farrowings for September-November 2007, at 2.96 million sows, are up slightly from 2006 and up 2 percent from 2005.

The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 39 percent of the total U.S. hog inventory, up from 38 percent last year.

Revisions

All inventory and pig crop estimates for June 2006 through March 2007 were reviewed using final pig crop, official slaughter, death loss, and updated import and export data. Based on the findings of this review, adjustments of slightly larger than one-half of one percent were made to the December 1, 2006 and March 1, 2007 total inventory. Adjustments of slightly more than one percent were made to the September-November 2006 pig crop and less than one-half of one percent to the December 2006-February 2007 pig crop.

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What It All Means - Expert Commentary

What the commentators and industry thinkers read into this data:

Ron Plain and Glenn Grimes Grimes & Plain on the Hogs and Pigs Report The June 1 Hogs and Pigs Report came in close to trade expectations, but a bit on the higher side writes Glenn Grimes and Ron Plain.

Dr Mike Brumm, Brumm Swine Consultancy Commentary: Dr Mike Brumm on latest Hogs and Pigs Report The US swine industry continues its course of modest but steady growth, as revealed in the most recent USDA Hogs and Pigs report.

Steve Meyer, Paragon Economics, Inc Hogs and Pigs Report Special Edition; USDA's Quarterly Hogs & Pigs report, released Friday afternoon, June 29, contained no big shocks that will move hog markets drastically this week.

More to follow soon...

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In The News - What The Media Says

• Pork Production Grows Despite $4 Corn - Hoosier Ag Today

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Graph Data from the Report

Reliability of June 1 Hogs and Pigs Estimates

To review this information, including the Survey Procedures, Estimation Procedures, Revision Policy and Reliability, please download the PDF

Source: Quarterly Hogs and Pigs Report, June 2007 - USDA National Agricultural Statistics Service