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Live Hogs





Live Hogs from 1970, and 200  day exponential average in red.
 
Live Hog Futures - The Blue line is a Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.
 
Hogs Notes & Links:


(Barrons 6/29/2011)China has 446 million hogs—more than the next 43 pork-producing countries combined—and consumes 50% of the world's pork supply each year.
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7/7/11 Pork prices are at a seven year high in China and are probably stimulating expansion -- need for soy meal and corn?
7/1/2011 US Hog Inventory rose 0.5% YoY to 65 mil hogs. The US breading heard increased 0.3% YoY to 5.803 mill sows.
May Pork cold storage stocks fell 0.8% MoM but rose 22.2.% YoY
1/31/11 (Bloomberg) -- The U.S. cattle herd shrank to the smallest size in 53 years as of Jan. 1, as feed costs climbed and beef producers slaughtered more animals to take advantage of higher prices.
South Kore will cull 2.9 million animals to deal with the country’s worst outbreak of foot-and-mouth disease.
6/10/10 The USDA  expects beef production to be down 2% in 2010 and again, in 2011.
They expect pork production to be down 4% in 2010, but up 3% in 2011.
4/23/10 The USDA said that, as of March 31st, there were 510.5 million pounds of frozen pork in storage, down 14% YoY
The USDA said that 2.21 billion pounds of beef were produced in March, up 3% YoY
The USDA said pork production totaled 2.04 billion pounds, up 4% YoY
4/9/10 The USDA expects beef production to be down 1% in 2010
The USDA expects pork production to be down 3% in 2010
3/29/10 USDA said that there were 63.988 million head of hogs and pigs in the U.S. on March 1st -- down 2.8% YoY
2/9/10 The USDA reduced its estimate of 2010 pork production from 22.6 to 22.5 billion pounds.
11/20/09 The USDA said there were 37.0 million pounds of frozen bellies in storage on October 31st, up 71% YoY. Frozen pork supplies totaled 520 million pounds, down 1% YoY.
11/10/09 The USDA expects pork production to be down 1% in 2009 and down 3% in 2010.
10/23/09 The USDA said pork production rose 1% YoY
9/28/09 The USDA said there were 66.626 million head of hogs and pigs as of September 1st, down 2.3% YoY
9/25/09 The USDA said Pork production totaled 1.87 billion pounds in August, up 4% YoY .
7/23/09 The USDA said that there were 579 million pounds of frozen pork in storage, up 9% YoY
Frozen bellies totaled 76.4 million pounds, up 3% YoY
7/17/09 YoY the USDA expects pork production to fall 3% in Q3 and down 2% Q4
6/29/09 The USDA said there were 66.08 million hogs and pigs in the U.S. on June 1st, down 2.0% YoY.
The USDA said 5.97 million hogs were kept for breeding, down 2.7% YoY
6/26/09 The USDA said the U.S. produced 1.72 billion pounds of pork in May, down 5% YoY
6/23/09 Frozen pork totaled 584.1 million pounds, up 0.8% YoY.
5/22/09 The USDA said the U.S. pork production totaled 1.92 billion pounds in April, down 5% YoY
4/22/09 The USDA said there were 593.2 million pounds of frozen pork in inventory, down 10% YoY.
The USDA said there were 73.3 million pounds of frozen bellies in inventory, down 26% YoY
4/16/09 The USDA expects pork exports to be down 13% in 2009
4/9/09 The USDA reduced its estimate of 2009 pork production to 22.775 billion pounds, down 2% YoY.
3/30/09 The USDA said there were 65.389 million  hogs on March 1st, down 2.7% YoY.
3/11/09 The USDA predicts 2009 pork production down 1.4% YoY.
2/10/09 The USDA reduced its estimate of pork production from 23.035 to 22.980 million pounds
11/24/08 The USDA said frozen pork supplies at the end of October were up 4% YoY
9/12/08 The USDA's estimate of 2008 pork production was reduced from 23.6 to 23.5 billion pounds
8/22/08 The USDA said there were 492.2 million pounds of frozen pork in storage on July 31st, up 8% YoY. Frozen pork bellies totaled 59.2 million pounds, up 87% YoY.
8/12/08 The USDA increased the pork production guess for 2008 from 23.5 to 23.6 billion pounds.
7/22/08 The USDA said there were 75.4 million pounds of frozen bellies in storage in June - up 60% YoY. Frozen pork rose 11% YoY.
6/10/08 The USDA lowered its estimate of 2008 U.S. pork production from 23.5 to 23.4 billion pounds, up 6.6% YoY.
4/23/08 Statistics Canada said, on April 1st, there were 13.0 million hogs on farms, down 11.7% YoY.
4/9/08 The USDA increased its estimate of 2008 pork production from 23.1 to 23.5 billion pounds, up 7.3% YoY.
3/28/08 The USDA said that, on March 1st, there were 65.909 million head of hogs and pigs in the U.S. -- up 6.5% YoY.
1/29/08 Tyson Foods, the nation's second largest pork packer, announced they were in talks with China to supply them with pork. No timetable was announced.
9/21/07 The USDA said that YoY pork production totaled 1.85 billion pounds in August, up 4%. Beef production totaled 2.45 billion pounds.
The USDA said there were 457.9 million Lbs of frozen pork in storage on August 31st, up 10% YoY. Frozen bellies totaled 22.7 million pounds, up 90% YoY.
8/26/07 Smithfield Foods received an order to deliver 60 million pounds of pork to China by the end of December.
Pork shipments from 15 U.S. production plants have been suspended by China this month
The Chinese say they have found traces of Ractopamine in the meat from the plants. Ractopamine is legal in the U.S. but banned in China.
7/23/07 The USDA said frozen pork inventories were up 14% YoY.
6/29/07 The USDA estimates 62.75 million head of hogs and pigs in inventory on June 1st, up 1.7% YoY
6/23/07 Frozen pork in storage totaled 491 million pounds, up 3% YoY.
2/9/07 The USDA's estimate of 2007 pork production remained at 21.65 billion pounds.
11/21/06 The USDA said there were 466.7 million pounds of frozen pork in storage on October 31, up 4.5% YoY.
10/20/06 The USDA said there were 464 million pounds of frozen pork in storage, up 7.5% YoY.
7/21/06 The USDA said frozen pork totaled 409 million pounds, down 17% YoY.
7/3/06 The USDA said there were 60.9 million hogs and pigs in inventory on June 1st, up 0.3% YoY.
4/21/06 Frozen pork totaled 499.4 million pounds, down 8% YoY.
3/31/06 The USDA said that there were 60.104 million hogs and pigs in the U.S. as of March 1, up 0.7% YoY.
2/21/06 The USDA said that, on January 31st, there were 61.3 million pounds of frozen bellies in storage, down 3% YoY. Frozen pork totaled 528.5 million pounds, up 6% YoY.
12/28/05 The USDA said there were 61.197 million head of hogs and pigs in U.S. inventory on December 1st, up 0.4% YoY.
The USDA said that YoY pork production was up 2% in November.
12/21/05 The USDA said frozen pork totaled 433.6 million pounds, down 1% YoY
10/21/05 The USDA said that on September 30th, Frozen pork totaled 427 million pounds, up 3% YoY.
07/22/05 Frozen pork totaled 492 million pounds, up 32% from a year ago
05/22/05 The USDA said that there were 513 million pounds of frozen pork in storage, up 24% from a year ago.
04/22/05 The USDA said Frozen pork totaled 543.4 million pounds, up 21% from a year ago.
02/17/05 As of January 1, 2005, Canada's Hog inventories totalled 14.7 million head, up slightly from a year ago.
12/28/04 The USDA said that there were 60.5 million head of hogs and pigs in inventory as of December 1st, up slightly from a year ago, but less than expected. The breeding inventory was down 0.7% from a year ago and hogs kept for marketing were up 0.2% YoY. The June to November pig crop was up 0.2% YoY.
12/21/04 The USDA said that there were 34 million pounds of frozen bellies in storage as of the end of November, up 3% from a year ago. Frozen pork totalled 431.1 million pounds, down 2% from a year ago.
09/24/04 The USDA said that there were 61.384 million hogs and pigs in inventory on September 1st, up .9% from a year ago. The June to August pig crop totalled 26.005 million head, up .5% from a year ago.
06/25/04 The USDA said that there were 60.1 million head of hogs  in inventory as of June 1st, up .8% from a year ago.
05/28/05 Pork production was estimated at 372.9 million pounds, down 1.1% from a week ago.
05/28/04 Considering the  problems with bird flu and mad cow disease, it looks like Japan is turning to pork. Japan's pork consumption in March was up 12% from a year ago.