Hogs & Pigs Report To Reflect PEDV Outbreak

March 27, 2014 06:39 AM
 

 

 

USDA will release its Quarterly Hogs & Pigs Report on Friday, March 28, at 2:00 pm, CT. Based on pre-report expectations, traders look for the report to reflect the PEDV outbreak, as it reflects expectations that near-term marketings (based on hog weight breakdowns) to be around 4% to 5% lower than year-ago levels and for a big marketing hole to develop this fall. But it expectations are realized, it appears producers are doing all they can to hold onto their breeding herd, with Kept for Breeding expected very close to year-ago levels, as well as farrowing intentions.

 

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

94.5

92.0-97.1

Kept for breeding

99.6

98.9-100.7

Kept for marketing

94.0

91.2-96.9

Dec.-Feb. pig crop

96.5

90.8-101.4

Dec.-Feb. pigs per litter

96.7

92.9-99.8

Dec.-Feb. farrowings

100.0

97.8-101.3

Mar.-May farrowing int.

100.8

99.4-102.0

June-Aug. farrowing int.

101.2

99.7-102.0

Hogs under 50 lbs.

93.0

87.7-98.9

Hogs 50 to 119 lbs.

94.1

91.0-97.8

Hogs 120 to 179 lbs.

94.3

92.3-98.1

Hogs 180 and over

95.4

93.9-97.3

* Expectations compiled by Thomson Reuters


 

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