USDA report shows more hogs than anticipated

USDA report shows more hogs than anticipated

Record inventory creating concern about fall slaughter capacity.

As of June 1, there were 68.4 million hogs and pigs on U.S. farms, a 2% increase from June 2015 and up 1% from March 1, 2016, according to the “Quarterly Hogs & Pigs” report published June 24 by the U.S. Department of Agriculture’s National Agricultural Statistics Service. The number was the highest June 1 inventory of all hogs and pigs since estimates began in 1964. It was also slightly higher the average pre-report estimate but well within the expected range.

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