Often, government reports contain so much information, you don’t know where to start. The sheer volume of numbers can confuse the situation and make conclusions difficult to reach.
Now there’s a useful publication to help you better understand USDA’s Quarterly Hogs and Pigs Report. It explains how swine inventory numbers are analyzed and how they affect live-animal market prices. It also guides producers on how pre-release estimates influence interpretation of the report numbers. For example, an increase in market hog inventory would indicate an increase in slaughter and the prospect of weaker hog prices. Expanding your perspectives can help expand your risk-management tools and options, as well.
Darrell Mark, agricultural economist,
To access the report, click here.