More Bearish News for Hog Producers

Original Article by Jason Franken: farmdocdaily.i...
The USDA’s March Hogs and Pigs report places the March 1 inventory of all hogs and pigs at 74.6 million head, down about 1.6% from last quarter, and up about 0.6% from a year ago. Prices are forecast to rise from the average of $73.36/cwt observed in the 1st quarter of 2024 to $88.87/cwt and $93.72/cwt in the 2nd and 3rd quarters, respectively, before falling to $78.66/cwt for the final quarter of 2024 and then to $77.55/cwt for the 1st quarter of 2025.