Pork Profit Maximizer – Foodservice Edition
July 8, 2019
The total inventory of all hogs and pigs as of June 1 was estimated at 75.026 million head 3.6% higher than a year ago. This comes in higher than the 3% average expected from the pre-report estimates. This is the largest June inventory of all hogs and pigs, setting a new record for the 4th straight year. The inventory of market hogs as of June 1 was 69.11 million head, 3.9% higher than a year ago and also a new record for June 1. The market inventory was higher than the 3.1% average expected in the pre-report estimates.