The December Hogs and Pigs report shows numbers lower than expected for inventory. However, the report provided a surprise with an increase in breeding herd numbers for the first time in two-and-a-half years.
That is Iowa State University livestock economist Dr. Lee Schulz who says that the breeding herd numbers increase is interesting because experts had expected the number to be flatlined. Dr. Schulz also says that he thinks production in 2023 will be at similar levels to 2022.
Dr. Lee Schulz also commented on what he sees for marketing numbers.
Dr. Schulz also reminded producers that these numbers are not set in stone. Changes to feed costs or markets can influence the numbers reported in December.
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