Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 6/30/22

The USDA’s June Hogs and Pigs report places the June 1 inventory of all hogs and pigs at 72.5 million head, down just slightly from last quarter and almost 1% lower than a year ago, consistent with pre-report expectations. Likewise, and as expected, market hog and breeding inventories are both down about 1% from a year ago, with market hogs down 0.25% from last quarter and breeding inventories over 1% higher. Each class of market hog inventories is also down compared to the same time last year, with the lightest weight class down the most, at 1.3% lower.

For more of this story, click here.