Hogs, Pigs Report Confirms Swine Expansion Underway
" Monday's hog futures will likely open lower in the mid months. The key reason is Friday's USDA Hogs and Pigs Report failed to turn up evidence that out breaks of Porcine Reproductive & Respiratory Syndrome and Porcine Epidemic Diarrhea Virus earlier this year trimmed number of pigs coming in the pipeline.
Friday's report pegged the June-August pig crop at 20.210 million head, up 2% from 29.654 last year. Further, the June-August litter rate came in at a record-high 10.33 pigs per litter. Traders expected the June-August pig crop to be a bit lower than last year, with the litter rate even with last year."