A preview of this week’s Hogs and Pigs report
Pre-report estimates for this week’s Quarterly Hogs and Pigs report suggest some contraction.
University of Missouri livestock economist Scott Brown says analysts are expecting a nearly 2 percent decline in sow inventory. But, that’s not the only area he’s watching. “December through farrowing intentions were also at 98.2, while next March through May farrowing intentions were at 98.6,” he says. “All those things say fewer numbers for us.”
He tells Brownfield this could be good news for the pork industry. “Maybe supplies are going to be much slower growing in 2021,” he says. “And all the sudden we get a demand pop as maybe we come out of COVID-19. It could be a better year ahead. I’ve seen some out there be bullish, I’m not ready to be there quite yet. But there are some reasons to be more positive.”
The final Quarterly Hogs and Pigs report of 2020 comes out on Wednesday at 3pm Eastern/2pm Central.
AUDIO: Scott Brown, University of Missouri