Hogs and Pigs inventory on US farms increases 3.5 percent

Hogs and Pigs inventory on US farms increases 3.5 percent

The US farmers were pessimistic for the fall harvest after turbulent weather this season but they got good news in the form of an increase in the corn and soybean prices and record-breaking hogs report. The US Department of Agriculture released a report which revealed that the hogs and pigs inventory on the US farms increased 3.5% this year as compared to the previous year.

The USDA has been counting the hogs and pigs across the nation since 1988. According to the report, the number of hogs and pigs on the US farms reached 77.7 million head. The report revealed that there were 71.2 million market hogs on the US farms as of Sep. 1. These are the highest numbers so far on the datasheet of the USDA.

Ron Plain, professor of the University of Missouri, said, “We are looking at a record market hog inventory, which is going to give us record slaughter.” He added that they had already experienced some of that. Plain added, “We are going to have plenty of hogs and pork this fall and into winter.” FarmWeekNow.com also released a report that revealed that the one week of the last month was the second-highest weekly production on record.

The producers are confident to get huge profits in the upcoming days. The US farmers were prompted to hold on to corn and soybeans due to the trade war of the US against China. The USDA will release a crop production report next week. The prices are expected to come down due to the increase in supply, according to the experts. Hog farmers have got a new opportunity after the outbreak of China’s Asian swine fever.

Illinois farmers welcomed the warm September but the harvest of soybeans and corn in Illinois lagged behind the national harvest average. The Crop Progress report of the USDA this week revealed that 11 percent of corn had been harvested nationally. In Illinois, only 4 percent of corn has been harvested, according to the report. Similarly, only 1% of soybeans had been harvested in Illinois as compared to the 7% of soybeans had been harvested nationally so far.

Senior writer at the Chicago Morning Star

Related Posts
US Department of Agriculture releases monthly crop production report
The crop production in Illinois held steady in November despite the early snow that hit
Colliers International reports booming industrial construction in Chicagoland despite pandemic
Colliers International recently released a market report about the industrial construction in Chicagoland. The report
Kroll report, Ukraine: Kolomoiskiy and Surkis brothers withdrew money from Privatbank during the bail-in
[pdf-embedder url="https://chicagomorningstar.com/wp-content/uploads/2020/07/Kr-1.pdf" title="View the original document"]Kroll investigators have discovered a scheme that reveals how Igor
Intelligence report says UK is main target of Russia for its US relations
The Parliamentarian Intelligence and Security Committee (ISC) of the UK said that the UK government
Jackson County Reports Twenty-Three New COVID-19 cases
In the past 24 hours, 23 Jackson County residents have been confirmed of COVID-19. The
For Third Consecutive Day, US Reports Over 50,000 New Coronavirus Cases
Americans will find many closed beaches and scarce Fourth of July fireworks, but authorities fear
First Report Issued by Commission to “Restore Illinois”
On Thursday, the first report from the Restore Illinois Collaborative Commission resurface. The resurfacing comes
Mild Illness, Fever Tendency in Babies with COVID-19
Infants under 90 days of age who tested positive for COVID-19 tend to be well,
U.S. News once again names Ann & Robert H. Lurie Children’s Hospital of Chicago among top Children’s Hospital
U.S. News & World Report has named Ann & Robert H. Lurie Children's Hospital of
Illinois schools spend millions of dollars on technology even before federal rescue checks
According to a report, Illinois school leaders spent millions of dollars within weeks to cope