Hog numbers, pork production continue to slide

 

Jeff DeYoung, Iowa Farmer Today

AgUpdate - Aug 2, 2022

 

Declining hog slaughter and pork production this summer should come as no surprise to anyone.

 

Numbers generally fall seasonally due to the impact hot weather has on pigs, says economist Len Steiner and associates in the Daily Livestock Report Aug. 1.

 

“USDA estimated total pork production last week at 486.5 million pounds, about 0.8% higher than a year ago but well below the 500 million-plus pounds a week that was coming to market in May and first half of June,” they said. “Indeed, even that number may be inflated by about 2 million pounds as we think hog carcass weights estimated by USDA are about a pound too heavy.”

 

The June Hogs and Pigs report forecast the current and upcoming numbers, Steiner and associates said.

 

“In that report, USDA noted the supply of hogs weighing over 180 pounds was estimated to be 0.8% lower than the previous year,” they said. “We estimate that slaughter during the weeks when those hogs came to market was 0.5% lower.

 

“We don’t know the split between producer and packer hogs but our guess is that producers managed to get ahead in their marketings during June.”

 

More information will be coming in the weeks ahead...

 

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