group of pigs Scott Olson

U.S. hog inventory up 4% from 2016

Export demand, U.S. consumption and new processing plants key to hog markets this year.

The U.S. Department of Agriculture released the “Quarterly Hogs & Pigs” report March 31, revealing that the inventory of all hogs and pigs on March 1, 2017, was 71.0 million head. This was 4% higher than on March 1, 2016, but 1% lower than on Dec. 1, 2016. The average pre-report trade estimate was for a 3.9% year-over-year increase.

The breeding inventory, at 6.07 million head, was up 1% from last year but down slightly from the previous quarter.

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