Cheap:
From USAGnet, June 29:
Highest-Ever June Hog Inventory Reported
The U.S. inventory of all hogs and pigs on June 1, 2019 was 75.5 million head. This was up 4 percent from June 1, 2018, and up 1 percent from March 1, 2019. This is the highest June 1 inventory of all hogs and pigs since estimates began in 1964.
Breeding inventory, at 6.41 million head, was up 1 percent from last year, and up 1 percent from the previous quarter.
Market hog inventory, at 69.1 million head, was up 4 percent from last year, and up 1 percent from last quarter. This is the highest June 1 market hog inventory since estimates began in 1964.
The March-May 2019 pig crop, at 34.2 million head, was up 4 percent from 2018. This is the largest March-May pig crop since estimates began in 1970. Sows farrowed during this period totaled 3.11 million head, up slightly from 2018. The sows farrowed during this quarter represented 49 percent of the breeding herd. The average pigs saved per litter was a record high 11.00 for the March-May period, compared to 10.63 last year. United States hog producers intend to have 3.18 million sows farrow during the June-August 2019 quarter, down slightly from the actual farrowings during the same period in 2018, but up 3 percent from 2017. Intended farrowings for September-November 2019, at 3.17 million sows, are up slightly from 2018, and up 2 percent from 2017.....MORE
