On Friday afternoon ahead of the Christmas holiday, USDA released the Cattle on Feed and Quarterly Hogs & Pigs Reports.
In the Cattle on Feed report, cattle inventory as of December 1st, 2022 was down 3% compared to last year. Placements were 2% below 2021, marketings of fed cattle were 1% above 2021. Marketings were the highest for November since the series began in 1996.
Hog inventory was 73.1 million head as of December 1st, down 2% from 2021. Market hog inventory was down 2 percent from last year and down 1 percent from last quarter.
View the Cattle on Feed report here: https://downloads.usda.library.cornell.edu/usda-esmis/files/m326m174z/7d27b446d/r781xt366/cofd1222.pdf
View the Hogs & Pigs report here: https://downloads.usda.library.cornell.edu/usda-esmis/files/rj430453j/37721p56r/rn302c239/hgpg1222.pdf