The U.S. hog and pig herd as of Sep. 1 numbered 74.3 million head compared to 74.1 million last September. The industry may have found a good level for supplying domestic and foreign demand for U.S. pork. As China has recovered its herd since the outbreak of African swine fever in 2020-2021, U.S. pork exports seem to have stabilized between 1.5 and 1.7 billion lbs per quarter (a higher average than before the swine flu outbreak), while domestic pork consumption is on track to be near 50 lbs per capita in 2023, a bit lower than in 2021 and 2022.
Cattle on feed as of Sep. 1 totaled 11.1 million head, down 2 percent YOY and the lowest September count since 2019.
There were just over 716 million broiler-type eggs in incubators as of Sep. 1, a ten-month low.
The full version of this commentary appeared on our IQ platform Sep. 28, 2023. Further information, statistics, and pricing for the hog market are available to IQ subscribers.Learn more about becoming a subscriber.
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