Tag Archives: Country Futures

United States inventory of all hogs and pigs on March 1, 2019, was 74.3 million head. This was up 2% from March 1, 2018, but down slightly from Dec. 1, 2018, USDA reported on Thursday.

Breeding inventory, at 6.35 million head, was up 2% from last year, and up slightly from the previous quarter.

Listen to Darrell Holaday, Country Futures, break down the report: https://post.futurimedia.com/krvnam/playlist/deuces-wild-in-the-latest-quarterly-hogs-pigs-report-6378.html

Market hog inventory, at 67.9 million head, was up 2% from last year, but down slightly from last quarter.

The December-February 2019 pig crop, at 33.0 million head, was up 3% from 2018. Sows farrowing during this period totaled 3.08 million head, up 2% from 2018. The sows farrowed during this quarter represented 49% of the breeding herd. The average pigs saved per litter was a record high of 10.70 for the December-February period, compared to 10.58 last year.

“Even though March 1 hog inventory was up from a year ago, total hog numbers slipped slightly from December levels,” said DTN Analyst Rick Kment. “Overall, hogs kept for breeding and marketing increased 2%, focusing on steady growth in all segments of production. This increase in itself is not likely to be a significant market mover, but the extreme volatility already in the complex could cause moderate-to-strong price pressure based on the emotional nature of the market. This could potentially lead to further drops in prices at the end of the month.”

To view the full Quarterly Hogs and Pigs report, visit https://www.nass.usda.gov/…

2019 2018

2019 as

percent

of 2018

(1,000 head) (1,000 head) (percent)
All Hogs March 1 74,296 72,748 102
Kept for Breeding 6,349 6,210 102
Kept for Marketing 67,948 66,538 102
WEIGHT BREAKDOWN
Under 50 lbs. 21,456 20,942 102
50-119 lbs. 18,639 18,212 102
120-179 lbs. 15,268 14,996 102
180 lbs. and over 12,585 12,387 102
FARROWINGS/INTENTIONS*
Dec-Feb 3,084 3,034 102
Mar-May* 3,119 3,100 101
Jun-Aug* 3,191 3,200 100
Winter Pig Crop 32,999 32,101 103
(number) (number) (percent)
Dec-Feb Pigs per Litter 10.70 10.58 101

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2019. The inventory was 1% above March 1, 2018, USDA reported Friday.

Placements in feedlots during February totaled 1.86 million head, 2% above 2018. Net placements were 1.79 million head. During February, placements of cattle and calves weighing less than 600 pounds were 340,000 head, 600-699 pounds were 345,000 head, 700-799 pounds were 530,000 head, 800-899 pounds were 442,000 head, 900-999 pounds were 135,000 head, and 1,000 pounds and greater were 65,000 head.

Listen to Jerry Stowell, Country Futures, break down the report:

https://post.futurimedia.com/krvnam/playlist/cattle-on-feed-report-3-22-w-jerry-stowell-6342.html

Marketings of fed cattle during February totaled 1.68 million head, slightly above 2018.

Other disappearance totaled 66,000 head during February, 16% above 2018.

“The March 1 Cattle on Feed report appears to be generally bearish based on stronger-than-expected cattle placement through February,” said DTN Analyst Rick Kment. “Total feeder cattle placements was 102% of 2018 levels with 1.857 million cattle placed in feed yards. This placement is 6% over early report expectations and just slightly above the top end of the market range. Total cattle on feed came in 1.3% above expectations with a total on feed level of 101% year-ago levels.

“The market impact of the report may not be fully seen due to the wide market shifts seen through the week and uncertainty over how cattle inventory will change through the rest of the spring due to recent winter storms and floods.”

To view the full Cattle on Feed report, visit https://www.nass.usda.gov/…

USDA Pre-report Estimates
Actual Avg Low High
On feed March 1 101.0% 99.7% 99.0% 100.6%
On feed February 1 100.0%
Placed on feed during February 102.0% 96.0% 92.2% 101.5%
Fed cattle marketed during February 100.0% 100.8% 99.7% 101.3%

Marketings of fed cattle during February totaled 1.68 million head, slightly above 2018.

Other disappearance totaled 66,000 head during February, 16% above 2018.

“The March 1 Cattle on Feed report appears to be generally bearish based on stronger-than-expected cattle placement through February,” said DTN Analyst Rick Kment. “Total feeder cattle placements was 102% of 2018 levels with 1.857 million cattle placed in feed yards. This placement is 6% over early report expectations and just slightly above the top end of the market range. Total cattle on feed came in 1.3% above expectations with a total on feed level of 101% year-ago levels.

“The market impact of the report may not be fully seen due to the wide market shifts seen through the week and uncertainty over how cattle inventory will change through the rest of the spring due to recent winter storms and floods.”

To view the full Cattle on Feed report, visit https://www.nass.usda.gov/…

USDA Pre-report Estimates
Actual Avg Low High
On feed March 1 101.0% 99.7% 99.0% 100.6%
On feed February 1 100.0%
Placed on feed during February 102.0% 96.0% 92.2% 101.5%
Fed cattle marketed during February 100.0% 100.8% 99.7% 101.3%

 Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on Feb. 1, 2019. The inventory was slightly above Feb. 1, 2018, USDA reported Friday.

The February report was delayed due to the partial federal government shutdown in January. The March 1 Cattle on Feed report will be released on its originally scheduled time at 2 p.m. CST on Friday, March 22.

Jerry Stowell with Country Futures has a break down of the report: https://post.futurimedia.com/krvnam/playlist/cattle-on-feed-report-with-jerry-stowell-6239.html

Placements in feedlots during January totaled 1.96 million head, 5% below 2018. Net placements were 1.90 million head. During January, placements of cattle and calves weighing less than 600 pounds were 370,000 head, 600-699 pounds were 445,000 head, 700-799 pounds were 554,000 head, 800-899 pounds were 420,000 head, 900-999 pounds were 100,000 head, and 1,000 pounds and greater were 70,000 head.

Marketings of fed cattle during January totaled 1.91 million head, 3% above 2018.

Other disappearance totaled 61,000 head during January, 12% below 2018.

To view the full Cattle on Feed report, visit https://www.nass.usda.gov/…

USDA Pre-report Estimates
Actual Avg Low High
On feed February 1 100.0% 100.2% 99.1% 100.6%
On feed January 1 102.0%
Placed on feed during January 95.0% 92.6% 87.0% 95.9%
Fed cattle marketed during January 103.0% 102.3% 96.9% 102.9%