US swine inventory expected to further decline - USDA ERS

May 20, 2024

It is generally acknowledged that 2023 was a difficult year for US hog producers, according to the most recent USDA Livestock, Dairy and Poultry Outlook report. Iowa State University calculates that monthly producer losses last year averaged more than $24 per head.

The December 2023 Quarterly Hogs and Pigs showed a year-over-year reduction in the December 1 breeding inventory of more than 3%. Sow slaughter data issued weekly by USDA suggests that reductions in the US breeding inventory are likely continuing.

For weeks 1–7 of 2024, USDA data show that sow and boar slaughter increased about 5.8% over the same period last year. A continuation of the trend established in the first 7 weeks of 2024 would further downsize the inventory of breeding animals. Fewer breeding animals usually means fewer farrowings, which are typically associated with smaller pig crops, depending on litter rates. In general, smaller pig crops usually result in higher hog prices.

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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