Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 6/26/2020
RECORD LARGE HOG SUPPLIES

USDA National Agricultural Statistics Service (NASS) recently released the June 1 Hogs & Pigs report. All hogs and pigs totaled 79.6 million head which is a 5.2% (3.9 million head) increase from 2019. Total market hogs increased 5.8% to 73.3 million head while hogs kept for breeding declined 1.3% to just over 6.3 million head.


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DISTILLER’S GRAIN (DG) PRICES

Last week the dried distiller’s grain market averaged $136 per ton across the 10 markets that the LMIC tracks. In many of those markets, prices are close to a year ago, even though corn prices are significantly below 2019’s, and soybean meal prices also are down. In animal rations, DG provides both energy and protein.


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IMF DOWNGRADES GLOBAL ECONOMIC OUTLOOK

well as individual countries. Assessing the damage of COVID-19 is a moving target, Gross Domestic Product (GDP) estimates were lowered from those given in the April outlook estimate. This year, the World economy is currently expected to contract 4.9 % from 2019, compared to the IMF April forecast of -3%. GDP in the U.S. is forecast to shrink over 8% from 2019’s (the prior estimate was -5.9%).


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