Focus on Farrowing Intentions Ahead of Hogs & Pigs Report

September 27, 2012 04:44 AM
 

USDA will release its Quarterly Hogs & Pigs Report on Friday, September 28, at 2:00 p.m. CT. Heading into the report, traders look for the report to reflect a tightening supply situation via the farrowing intentions figures, which is expected to come in below year-ago levels. However, this will be offset by continued improvements in efficiencies via pigs per litter to produce a total number of Hogs & Pigs just ahead of year-ago levels. Following are pre-report expectations as percent of year-ago:

 

Quarterly H&P Report Expectations

Avg. trade guess

Range

 

% of year-ago

All Hogs and Pigs

100.7

99.0-101.7

Kept for breeding

99.9

98.5-100.8

Kept for marketing

100.8

99.0-101.9

June-Aug pig crop

100.2

99.8-100.9

June-Aug pigs per litter

100.9

100.5-101.4

June-Aug farrowings

99.2

98.7-100.1

Sept-Nov farrowing int.

98.7

97.6-99.7

Dec-Feb farrowing int.

98.4

97.3-100.3

Hogs under 50 lbs.

99.9

99.0-101.0

Hogs 50 to 119 lbs.

100.1

98.0-101.8

Hogs 120-179

100.8

99.0-102.9

Hogs 180 and over

102.6

100.5-104.9

* Expectations compiled by Dow Jones Newswire. 


 

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