Hog slaughter slightly higher into July; May cattle placed on feed higher

Hog slaughter slightly higher into July; May cattle placed on feed higher

The US domestic protein market was quiet on Monday June 24, with no price changes reported.

US hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.38 million head in the week to Saturday June 29, up by around 1.95% from the respective week in 2023.

Over the next six weeks, hog slaughter is projected to average 2.30 million head per week, higher by 0.76% year on year.

Hog slaughter for the week ended Saturday June 22 was at 2.42 million head, up by 2.2% year on year, according to the USDA’s daily estimated slaughter report. Year-to-date hog slaughter was at 61.35 million head, larger by 0.9% year on year.

The USDA’s quarterly Hogs and Pigs survey will be released on Thursday June 27. Analysts in the hog market suggest that the total swine herd in the US as of June 1 could be up 1-2% year on year in the Hogs and Pigs USDA report.

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