A growing pig inventory
A large pig inventory will continue to weigh on prices heading into 2019, analysts said in a review of the U.S. Department of Agriculture’s (USDA) hogs and pigs report released last week.
“We need both strong exports and strong domestic demand if we’re going to see prices at a reasonable level,” said Scott Brown associate Extension professor at the University of Missouri.
The United States inventory of all hogs and pigs on Sept. 1 was 75.5 million head, up 3 percent from Sept. 1, 2017, and up 3 percent from June 1, 2018.
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