(NAFB) – USDA’s Quarterly Hogs and Pigs Report revealed inventory on March first was 74.8 million head, down two percent from a year ago. The report showed breeding inventory at 6.21 million head, down three percent from last year and down one percent from the previous quarter. Market hog inventory was 68.6 million head, down two percent from 2020 and off three percent from last quarter. Joe Kerns with Partners for Production Agriculture explained during a Pork Checkoff report analysis that all values came in below the entire range of estimates.

Daniel Bluntzer of NFC Markets also took part in the Pork Checkoff virtual forum. He called this latest quarterly report a gamechanger.

To view the entire USDA Quarterly Hogs and Pigs Report, visit nass.usda.gov.