July
June Hog and Pig Report Summary:
Swine Industry Continues to Retract
Stocks, Acreage and Surprises
June Dairy Month Not So Hot, May Production Up 0.2%
Economic Growth, Household Wealth and Consumption
Previous Issues
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June Hog & Pig Report Summary (06/27/09)
The US swine breeding herd now numbers 5.97 million head, down 2.7 percent from last year. Market hog numbers are down 1.9 percent to 60.1 million head. Total hog numbers are down 2 percent from a year ago at just over 66 million head. Farrowing intentions for the next quarter are down more than 3 percent, showing producer plans of continued thinning the sow inventories. Forth quarter farrowing are also expected to be down more than 2 percent. While the hogs from the first quarter pig crop are currently in the slaughter supply, fall hog slaughter will be similar to the levels of a year ago. Pig supplies have not declined as rapidly as the number of sows in part due to ever improving litter sizes which are 2.5 percent larger than a year ago. This improvement in efficiency decreases costs per pig and is a tribute to improved animal management, it has offset much of the needed reduction in production capacity.
Feed Cost Management Webcast (02/16/09)
Iowa Beef Center and Iowa Pork Industry Center delivered a webcast addressing some of the alternatives and actions that could help manage or reduce the feed costs to beef and swine producers. Recorded presentations are available in the Livestock Risk Management Archive.
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June Stock, Acreage (07/01/09)
At the end of June, USDA released its Grain Stocks and Acreage reports. The stocks report fit somewhat within trade expectations, but the acreage report held some surprises in comparison to trade expectations. In the March 2009 plantings report, principal crop area in the U.S. was shown over 7.5 million acres lower than in 2008. By the June report, nearly half of that area had returned to crop production. Corn, soybean, and wheat planted area are all estimated higher than in March. For corn and wheat, the upward revisions were not expected and for soybeans the upward revision was not as high as expected.
Grain Stocks
National corn stocks on June 1, 2009 were computed at 4.27 billion bushels. This is up six percent from last year and slightly above trade expectations. On-farm corn stocks continue to lead the stock holding, up 12 percent from last year, while off-farm corn stocks are up slightly. Corn disappearance during the quarter was 2.69 billion bushels, down 5 percent from last year. The drop in disappearance is not surprising given the adjustments in the livestock industry and feed demand. For Iowa, corn stocks stand at 906 million bushels, up 3 percent from last year.
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