H&P Report Expected to Show Plans for Mild Herd Expansion

December 26, 2013 05:09 AM
 

Traders are expecting USDA's Quarterly Hogs & Pigs Report Friday afternoon to show a total hog inventory about in line with year-ago. But the data is also expected to signal mild herd expansion plans amid cheaper feed costs, as fall farrowings along with winter and spring farrowing intentions are seen coming in above year-ago. The question is whether impacts from porcine epidemic diarrhea virus (PEDV) are reflected in the data.

Quarterly H&P Report Expectations

Avg. trade guess

Range

 

% of year-ago

All Hogs and Pigs

99.9

98.6-101.0

Kept for breeding

101.0

100.2-101.9

Kept for marketing

99.8

98.4-101.1

Sept.-Nov. pig crop

101.2

99.1-102.7

Sept.-Nov. pigs per litter

100.8

98.7-102.4

Sept.-Nov. farrowings

100.4

100.1-100.6

Dec.-Feb. farrowing int.

100.9

100.5-101.8

Mar.-May farrowing int.

101.2

97.6-102.0

Hogs under 50 lbs.

99.7

97.8-101.4

Hogs 50 to 119 lbs.

99.7

98.6-101.4

Hogs 120-179

99.9

98.1-101.3

Hogs 180 and over

100.1

99.2-101.1

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