Hogs & Pigs Report Expectations

December 22, 2011 09:03 AM
 

USDA will release their Quarterly Hogs & Pigs Report on Friday, Dec. 23, at noon 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

101.3

100.0-102.0

Kept for breeding

100.8

100.4-101.0

Kept for marketing

101.3

100.0-102.0

Sept-Nov pig crop

101.6

101.0-102.0

Sept-Nov pigs per litter

101.6

101.0-102.0

Sept-Nov farrowings

99.9

99.5-100.2

Dec-Feb farrowing int.

100.6

100.0-101.1

Mar-May farrowing int.

100.8

100.5-101.3

Hogs under 60 lbs.

101.8

101.3-102.0

Hogs 60 to 119 lbs.

101.2

100.8-102.0

Hogs 120-179

101.0

100.1-102.0

Hogs 180 and over

101.2

100.6-101.6

* Expectations compiled by Dow Jones Newswire. 


 Juli says: Interestingly, the report is scheduled for a noon CT release because when USDA's NASS completed their 2011 report schedule, they expected the Chicago Mercantile Exchange to close early before the Christmas weekend. However, open outcry trading of lean hog futures ends at its regular time of 1 pm CT tomorrow and electronic trading continues until 1:55 pm CT. As a result, we won't have to wait until Tuesday (markets are closed on Monday) to find out what traders think of USDA's data, AND we can't remember a time when USDA released a Hogs & Pigs Report while the markets were still open. This could be interesting.

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