The U.S. inventory of hogs and pigs totaled 75.5 million head on June 1. That’s up four percent from one year ago and is the highest June 1 total since this series of reports began in 1964. The breeding herd supply is up one percent and the marketing hog inventory is up four percent. Rather than providing answers, Grain Cycles principal Dale Durchholz says this report will prompt new questions. “As we look ahead to the next six-to-12 months, it is like standing in a bar, throwing darts with your back turned to the dartboard right now; there is nothing certain about what we face going ahead.” The total supply of hogs and pigs in Iowa increased five percent over the past year. North Carolina is up three percent. For Minnesota, inventories rose two percent. The number of hogs and pigs in South Dakota rose 11 percent from one year ago.
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