Further declines in North American pig production are in the works according to a joint report by USDA and Statistics Canada. New data on reductions in Canadian hog breeding inventory and sow farrowings during September point to further declines in North American hog production.
"We are looking at a pretty significant reduction in the pig crop this fall," University of Missouri economist Ron Plain told Meatingplace.com. "This is a bullish report."
Canadian inventory of all hogs and pigs on Oct. 1 stood at 12.8 million head, down 11 percent from a year ago. Canadian market hog inventory, at 11.4 million head, also declined by 11 percent from last year. The Canadian pig crop, at 7.58 million head, was down 2 percent from 2007. Sows farrowed during this period totaled 770,700 head, down 3 percent from last year.
Combined U.S. and Canadian inventory of all hogs and pigs for Sept. 2008 was 81.5 million head, down slightly from Sept. 2007 but up 5 percent from Sept. 2006. The breeding inventory, at 7.47 million head, was down 4 percent from a year ago and down 1 percent from last quarter. Market hog inventory, at 74 million head, was up slightly from last year and up 1 percent from last quarter. The pig crop, at 36.8 million head, was virtually unchanged from 2007 but up 7 percent from 2006. Sows farrowed during this period totaled 3.85 million head, down 2 percent from last year.