Where are the hogs?

Last month I discussed the idea of hope. Hope that hog futures might continue to grind higher. Hope that demand for U.S. pork will continue to improve and hope that the inventory of pigs on the ground was being consistently overstated by the USDA. While the jury is still out regarding a shift upward in pork demand, it appears that my outlook for fewer hog numbers than expected is on the mark.The quarterly Hog and Pig Report issued Sept. 26 and showing pig inventory as of Sept. 1 indicated that k