Hogs: Producers have brought in a few extra sows since August vs. last year. That has remained the case even with lower prices. Though that would imply liquidation of the breeding herd we cannot say it is so. In recent quarters, producers have put more fresh gilts into the breeding herd than we would have expected. Also, given the recent contra-seasonal move in prices, few are likely liquidating right now…Rich Nelson
Cattle: After weaning in the fall, producers typically bring in planned cull cows. This fall’s beef cow slaughter is following the same pattern. What is even more noticeable this time around is producers, mostly in the Southern Plains, remain active in moving numbers. Forage quality and availability remain the key issue here. The most recent week available is a full 28% over last year!...Rich Nelson
Rich Nelson is Director of Research at Allendale, Inc. in McHenry, IL. Allendale is registered with the CFTC and NFA and is a member of the NIBA. www.allendale-inc.com.