USDA’s March planting survey found USS farmers intending to plant 92 million acres to corn this season compared to 89.5 million acres in 2022. We have estimated trend yield at 180 bushels and a trend yield 2023 corn crop at 14.9 billion bushels. The comparative data is displayed in the Read more…
USDA reported a slight year over year increase in the US market hog inventory as of 3/1/2023. US barrow & gilt slaughter over the next six months will likely be within plus or minus one percent of the year earlier level based on past experience and assuming live hog imports Read more…
We estimate the US hog inventory on March 1, 2023 at 75 million head, up 2% from the previous count. We have based our assumption for the December/February pig crop, which is the major unknown in calculating the first quarter hog balance, on USDA’s December sows farrowing survey and trend Read more…