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Quarterly Hogs and Pigs December 20, 2018 Executive Briefing United States Department of Agriculture National Agricultural Statistics Service

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Page 1: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Quarterly Hogs and Pigs

December 20, 2018

Executive Briefing

United States Department of Agriculture

National Agricultural Statistics Service

Page 2: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Survey Overview

December Hogs and Pigs

Data Collection Period November 30 – December 12

Sample Size 8,559

Collection Methods Mail, Telephone, Internet, Face-to-Face Interview

Primary Data ItemsTotal Inventory: by class, weight group;

Sows Farrowing; Pig Crop; and Pigs per Litter

December 20, 2018

Page 3: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Hogs and Pigs Revisions

Survey Item

Initial

Estimate(1,000 head)

Previous

Revisions(1,000 head)

Current

Revision(1,000 head)

Net

Revision(1,000 head)

Current

Estimate(1,000 head)

March 1, 2018All Hogs

and Pigs72,908

-75

-0.1%

-85

-0.1%

-160

-0.2%72,748

Pig Crop 32,341-21

-0.06%

-219

-0.7%

-240

-0.7%32,101

June 1, 2018All Hogs

and Pigs73,451

-325

-0.4%

-260

-0.4%

-585

-0.8%72,866

Pig Crop 33,167 No revision-233

-0.7%

-233

-0.7%32,942

September 1, 2018All Hogs

and Pigs75,486 No revision

-545

-0.7%

-545

-0.7%74,941

Pig Crop 34,159 No revision-4

-0.01%

-4

-0.01%34,155

December 20, 2018

Page 4: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Hogs and Pigs December 1

December 20, 2018

Item 2017 2018 % PY

1,000 head

All Hogs and Pigs 73,145 74,550 102

Breeding Hogs 6,179 6,326 102

Market Hogs 66,966 68,225 102

less than 50 lbs 21,407 21,599 101

50-119 lbs 18,544 18,932 102

120-179 lbs 13,925 14,412 103

180 lbs & over 13,089 13,282 101

Sows Farrowed 3,103 3,158 102

Pig Crop 33,328 33,978 102

number

Pigs per Litter 10.74 10.76 100

1,000 head

December-February Farrowings 3,034 3,110 102

Mar-May Farrowings 3,100 3,147 102

Page 5: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Quarterly Hogs and Pigs2009 - 2018

December 20, 2018

74.9

61

63

65

67

69

71

73

75

77

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Mil

lion h

ead

December 1 September 1

73.1 74.6

Page 6: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

December 1, 2018

Hogs and Pigs Inventory

Head (1,000) and Percent of Previous Year

December 20, 2018

Inventory Down Up No Change

Page 7: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Trade Expectations Compared

to NASS Estimates Percent of Previous Year

December 20, 2018

101.9

102.4

102.6

102.8

102.7

101.5

102.4

102.0

101.9

102.4

101.9

99.5 100 100.5 101 101.5 102 102.5 103 103.5

Mar-May Farrowings

Dec-Feb Farrowings

Sep-Nov Pig Crop

Market Hogs

Breeding Hogs

All Hogs and Pigs

Min Trade Range Trade Average NASS % PY

Page 8: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

59

61

63

65

67

69

71

73

75

77

79

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Mil

lion h

ead

ASB First Estimate ASB Final Estimate Lower Trade Range Upper Trade Range

All Hogs and PigsFirst Estimate Versus Final Estimate

2009 - 2018

December 20, 2018

Page 9: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Quarterly Sows Farrowed2009 - 2019

3.16

3.11

3.15

2.7

2.8

2.9

3.0

3.1

3.2

3.3

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Mil

lion h

ead

Sep-Nov Estimates Dec-Feb Intentions Mar-May Intentions

December 20, 2018

Page 10: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Breeding Herd InventoryDisposition and Utilization

December 20, 2018

Year

Sep 1

Estimate(1,000 head)

Slaughter(1,000 head)

Additions(1,000 head)

Dec 1

Estimate(1,000 head)

Sow

Utilization(Percent)

2009 5,875 941 917 5,850 50

2010 5,770 849 858 5,778 50

2011 5,806 880 877 5,803 50

2012 5,788 887 918 5,819 50

2013 5,816 826 767 5,757 48

2014 5,920 802 822 5,939 50

2015 5,986 772 789 6,002 49

2016 6,016 825 919 6,110 51

2017 6,117 839 901 6,179 51

2018 6,330 857 853 6,326 50

Page 11: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Quarterly Pigs per Litter2009 - 2018

December 20, 2018

10.72

10.74

10.76

9.40

9.70

10.00

10.30

10.60

10.90

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Pig

s per

Lit

ter

September-November June-August

Page 12: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Canadian Imports by QuarterFeeder Pigs and Slaughter Hogs

0

200

400

600

800

1,000

1,200

1,400

2014 2015 2016 2017 2018

Thousa

nd h

ead

Feeder Slaughter

December 20, 2018

Page 13: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

U.S. Prices Received by Farmers

for Hogs and Corn

December 20, 2018

$1.50

$2.50

$3.50

$4.50

$5.50

$6.50

$7.50

$8.50

$30

$40

$50

$60

$70

$80

$90

$100

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Corn

$/b

u

Hogs

$/c

wt

Hogs Corn

Page 14: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

Upcoming NASS Reports

Release Date Report Title

December 27 Agricultural Prices

December 28 Final Estimates: Citrus; Field Crops; Non-

Citrus Fruits and Nuts; Rice Stocks; Grain

Stocks; Vegetables

January 2 Cotton System; Fats & Oils; Grain Crushings

January 11 Cotton Ginnings

Crop Production

Crop Production Annual

Grain Stocks

January 25 Cattle on Feed

January 31 Cattle

Sheep and Goats

December 20, 2018

Page 15: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization
Page 16: Quarterly Hogs and Pigs December 20, 2018 · 20/12/2018  · Sep 1 Estimate (1,000 head) Slaughter (1,000 head) Additions (1,000 head) Dec 1 Estimate (1,000 head) Sow Utilization

All Reports Available At

www.nass.usda.gov

For Questions

(202) 720-3570

(800) 727-9540

[email protected]

United States Department of Agriculture

National Agricultural Statistics Service

December 20, 2018