Reuters / The U.S. hog herd held steady in the latest quarter compared to a year earlier, and exceeded trade forecasts, a U.S. government report showed Sept. 27.
The data showed producers held a record number of pigs per litter during the period at 10.33 head, up about two per cent compared with last summer’s record of 10.13 head.
USDA showed the U.S. hog herd as of Sept. 1 at 100 per cent of a year ago at 68.360 million head. Analysts, on average, expected 67.081 million head, or 98.4 per cent of a year earlier. The U.S. hog herd for the same period last year was 68.172 million head.
The U.S. breeding herd was 100 per cent of a year earlier at 5.814 million head, compared with average trade expectations for 101.5 per cent, or 5.875 million. A year ago the breeding herd was 5.788 million head.
The Sept. 1 supply of market-ready hogs was 100 per cent of a year earlier at 62.546 million head. Analysts, on average, expected a 1.9 per cent decline, or 61.199 million. Last summer’s market hog supply was 62.384 million.