Hogs & Pigs Report Expectations

September 28, 2011 03:48 AM
 

USDA will release their Quarterly Hogs & Pigs Report on Wednesday, September 28, at 2:00 p.m. CT.

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

100.5

99.8-101.2

Kept for breeding

100.1

99.6-100.5

Kept for marketing

100.5

99.8-101.3

June-Aug pig crop

99.8

99.0-101.2

June-Aug pigs per litter

101.9

101.0-102.7

June-Aug farrowings

97.9

97.3-98.5

Sept-Nov farrowing int.

99.1

98.5-100.1

Dec-Feb farrowing int.

99.5

98.5-100.7

Hogs under 60 lbs.

100.1

99.0-101.2

Hogs 60 to 119 lbs.

100.2

99.0-101.2

Hogs 120-179

100.5

99.4-101.5

Hogs 180 and over

102.0

101.0-103.0

* Expectations compiled by Dow Jones Newswire. 


 Juli says: Traders will be monitoring the farrowing intentions figures especially closely when USDA releases the report. Traders expect the report to reflect some contraction in the industry given high feed costs. If USDA comes in with a percentage point drop from year-ago, it would be offset by efficiencies via a higher pig-per-litter than year-ago.

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