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Hard to find the positive in ‘Hogs & Pigs’

kadmy/iStock/Thinkstock young piglets drinking at pig farm
Demand will be key to situation as well as how well backlog can be absorbed.

The U.S. Department of Agriculture released the quarterly “Hogs & Pigs” report Thursday, showing much larger numbers than anticipated. According to the report, the inventory of all hogs and pigs on June 1, 2020, was record large, at 79.6 million head, a 5% increase from the same period last year and a 3% increase from March 1, 2020. The average pre-report estimate for the total inventory was for a 4% increase.

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