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Quarterly Hogs and Pigs March 28, 2019 Executive Briefing United States Department of Agriculture National Agricultural Statistics Service

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Page 1: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Quarterly Hogs and Pigs

March 28, 2019

Executive Briefing

United States Department of Agriculture

National Agricultural Statistics Service

Page 2: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Survey Overview

March Hogs and Pigs

Data Collection Period February 28 – March 15

Sample Size 5,154

Collection Methods Mail, Telephone, Internet, Face-to-Face Interview

Primary Data ItemsTotal Inventory: by class, weight group;

Sows Farrowing; Pig Crop; and Pigs per Litter

March 28, 2019

Page 3: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Hogs and Pigs Revisions

Survey Item

Initial

Estimate(1,000 head)

Previous

Revisions(1,000 head)

Current

Revision(1,000 head)

Net

Revision(1,000 head)

Current

Estimate(1,000 head)

September 1, 2018All Hogs

and Pigs75,486

-545

-0.7%

+195

+0.3%

-350

-0.5%75,136

Pig Crop 34,159-4

-0.01%

+165

+0.5%

+161

+0.5%34,320

March 28, 2019

Page 4: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Hogs and Pigs March 1

March 28, 2019

Item 2018 2019 % PY

1,000 head

All Hogs and Pigs 72,748 74,296 102

Breeding Hogs 6,210 6,349 102

Market Hogs 66,538 67,948 102

less than 50 lbs 20,942 21,456 102

50-119 lbs 18,212 18,639 102

120-179 lbs 14,996 15,268 102

180 lbs & over 12,387 12,585 102

Sows Farrowed 3,034 3,084 102

Pig Crop 32,101 32,999 103

number

Pigs per Litter 10.58 10.70 101

1,000 head

Mar-May Farrowings 3,100 3,119 101

Jun-Aug Farrowings 3,200 3,191 100

Page 5: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Quarterly Hogs and Pigs2010 - 2019

March 28, 2019

74.6

61

63

65

67

69

71

73

75

77

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mil

lion h

ead

March 1 December 1

72.7

74.3

Page 6: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

March 1, 2019

Hogs and Pigs InventoryHead (1,000) and Percent of Previous Year

March 28, 2019

Inventory DownUp No Change

Other States

3,086

98

Top Five States Inv.State Head (1,000)

Iowa 23,500

North Carolina 8,900

Minnesota 8,700

Illinois 5,200

Indiana 4,150

Page 7: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Trade Expectations Compared

to NASS Estimates Percent of Previous Year

March 28, 2019

101.1

101.6

102.8

102.1

101.9

102.0

99.7

100.6

102.8

102.1

102.2

102.1

99.0 99.5 100.0 100.5 101.0 101.5 102.0 102.5 103.0 103.5

Jun-Aug Farrowings

Mar-May Farrowings

Dec-Feb Pig Crop

Market Hogs

Breeding Hogs

All Hogs and Pigs

Min Trade Range Trade Average NASS

Page 8: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

59

61

63

65

67

69

71

73

75

77

79

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mil

lion h

ead

ASB First Estimate ASB Final Estimate Lower Trade Range Upper Trade Range

All Hogs and PigsFirst Estimate Versus Final Estimate

2010 - 2019

March 28, 2019

Page 9: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Quarterly Sows Farrowed2010 - 2019

3.08

3.12

3.19

2.7

2.8

2.9

3.0

3.1

3.2

3.3

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mil

lion h

ead

Dec-Feb Estimates Mar-May Intentions Jun-Aug Intentions

March 28, 2019

Page 10: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Breeding Herd InventoryDisposition and Utilization

March 28, 2019

Year

Dec 1

Estimate(1,000 head)

Slaughter(1,000 head)

Additions(1,000 head)

Mar 1

Estimate(1,000 head)

Sow

Utilization(Percent)

2010 5,850 846 756 5,760 49

2011 5,778 792 802 5,788 49

2012 5,803 823 840 5,820 48

2013 5,819 805 822 5,836 48

2014 5,757 779 873 5,851 48

2015 5,939 792 835 5,982 49

2016 6,002 782 760 5,980 49

2017 6,110 802 790 6,098 49

2018 6,179 834 865 6,210 49

2019 6,326 829 852 6,349 49

Page 11: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Quarterly Pigs per Litter2010 - 2019

March 28, 2019

10.76

10.58

10.70

9.40

9.70

10.00

10.30

10.60

10.90

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Pig

s per

Lit

ter

Dec-Feb Sep-Nov

Page 12: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Canadian Imports by QuarterFeeder Pigs and Slaughter Hogs

0

200

400

600

800

1,000

1,200

1,400

1,600

2015 2016 2017 2018 2019

Thousa

nd h

ead

Feeder Slaughter

March 28, 2019

Page 13: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

U.S. Prices Received by Farmers

for Hogs and Corn

March 28, 2019

$1.50

$2.50

$3.50

$4.50

$5.50

$6.50

$7.50

$8.50

$30

$40

$50

$60

$70

$80

$90

$100

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Corn

$/b

u

Hogs

$/c

wt

Hogs Corn

Page 14: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

Upcoming NASS Reports

Release Date Report Title

March 29 Prospective Plantings

April 9 Crop Production

April 11 2017 Census of Agriculture

April 18 Cattle on Feed

Farms and Land in Farms

April 22 Cold Storage

Milk Production

April 24 Livestock Slaughter Annual

April 30 Agricultural Prices

March 28, 2019

Page 15: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

March 28, 2019

Page 16: Quarterly Hogs and Pigs March 28, 2019 - USDA...2019/03/28  · U.S. Hogs and Pigs March 1 March 28, 2019 Item 2018 2019 % PY 1,000 head All Hogs and Pigs 72,748 74,296 102 Breeding

All Reports Available At

www.nass.usda.gov

For Questions

(202) 720-3570

(800) 727-9540

[email protected]

United States Department of Agriculture

National Agricultural Statistics Service

March 28, 2019