The quarterly hogs and pigs report released by the USDA showed that in the third quarter of 2020 the US hog inventory was up 1% vs. year ago levels.
According to USDA the US inventory of all hogs and pigs on September 1, 2020 was 79.1 million head. This was up 1% from September 1, 2019, but down 1% from June 1, 2020. Breeding inventory, at 6.33 million head, was down 2% from last year, but up slightly from the previous quarter. Market hog inventory, at 72.8 million head, was up 1% percent from last year, but down 1% from last quarter. The June-August 2020 pig crop, at 35.1 million head, was down 3% from 2019. Sows farrowing during this period totaled 3.18 million head, down 3% from 2019. The sows farrowed during this quarter represented 50% of the breeding herd. The average pigs saved per litter was 11.04 for the June-August period, compared to 11.11 last year.
US hog producers intend to have 3.12 million sows farrow during the September-November 2020 quarter, down 5% from the actual farrowings during the same period one year earlier, and down 3% from the same period two years earlier. Intended farrowings for December 2020-February 2021, at 3.11 million sows, are down 1%
from the same period one year earlier, but up slightly from the same period two years earlier.
The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 47% of the total United States hog inventory, down 1% from the previous year.
Darrell Holaday, Country Futures, believes there is some discrepancy between the USDA data and the cash hog market. Cash hogs continue to move higher which doesn’t line up with a larger supply as the data indicates.