Livestock Marketing Information Center

Livestock Marketing Information Center

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Current Situation and Analysis Last Updated: 06/30/2008

Trends . . . HUGE QUARTERLY HOGS & PIGS NUMBERS On Friday, June 27^th, USDA-NASS released the June 1 Quarterly Hogs and Pigs report, which confirmed large slaughter hog numbers for the remainder of the year. USDA reported the number of market hogs well above the average of pre-report estimates. As expected, the U.S. breeding herd was below a year ago, however the year-to-year decline was not as large as expected. Looking ahead, commercial hog slaughter will average significantly above a year ago for the balance of 2008, pressuring hog prices. Details

PASTURE & RANGE CONDITIONS According to the USDA’s weekly pasture and range condition report released for weekending June 21^st, conditions on a national basis have remained relatively stable since the beginning of this grazing season and are slightly better than a year ago. Current conditions in many areas are significantly better that last year due to ample rainfall totals so far this season. However, conditions in some major grazing areas are considerably worse than last year due to higher than normal temperatures and lack of moisture. Details
	Recent Major Updates: Quarterly Livestock and Poultry Supply and Utilization with Forecasts Annual Crop Supply and Utilization with Forecasts Monthly Poultry Slaughter Quarterly Hogs & Pigs
KSU FEEDLOT UPDATE According to the Kansas State University “Focus on Feedlots” survey, costs of gains remain considerably higher than prior years; reaching new record levels each month as feedstuff costs continue to skyrocket. As stated in the May data, both steer and heifer performance was much improved over last year, while closeout weights continued to average above a year ago due to a variety of factors including heavier placement weights and favorable feeding conditions. Details