USDA Projects Lower Hog Supply in 2022
June 29 2022 - 4:04PM
Dow Jones News
By Kirk Maltais
The U.S. hog supply is expected to contract 1% from this time
last year, the USDA reported Wednesday afternoon.
In its quarterly Hogs and Pigs Report, the USDA reported that
total swine supply is 72.5 million head, which is 99% of the same
time last year. Hogs kept for breeding totaled 6.2 million head,
99% of last year's total, and hogs marketed totaled 66.4 million
head, 99% of this time last year.
The totals reported by the USDA fell roughly within the
expectations of various analyst projections.
Pigs per litter hit a record for the quarter, according to the
USDA, with each sow averaging a litter of 11 piglets for the
quarter ended in May.
In trading Wednesday, most-active lean hog futures closed down
0.2% to $1.03575 per pound. Meanwhile, live cattle futures finished
down 0.4% to $1.32175 per pound.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
June 29, 2022 15:49 ET (19:49 GMT)
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