USDA Hogs and Pigs Report a Surprise

US - The USDA Hogs and Pigs Report , released on the 27th of June, came as a bit of a surprise due to the unexpectedly large inventory.
calendar icon 30 June 2008
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Despite the fact that many hog producers are losing substantial amounts of money per head, USDA livestock analyst Shayle Shagam says that as of June 1 the hog sector was very much in an expansionary mode, reports Farm Futures.

The report showed the spring quarter pig crop up 4% from last year, total hog and pig inventory up 6% and sows farrowing from March to May were up 2%. Numbers indicate producers are cutting back on farrowing 2% this summer and 4% this fall, but Shagam says some tough decisions lay ahead.

View the Farm Futures story by clicking here.

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