While overshadowed by the acreage and grain stocks reports, there is another key USDA report that will be issued this afternoon; Quarterly Hogs and Pigs. After being repeatedly kicked in the jowls over the past six weeks with all the protectionist rhetoric with China, the hog markets could use a bit of good news, but it is questionable if Uncle Sam will be the one to deliver it. The average estimates for the report break down as follows; All Hogs and Pigs %, Kept for Breeding % and Market Hogs %. The weight breakdowns are all in the to % range.
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