In case you haven't heard, pork producers have raised the bar on 2013 production. At least that's the official USDA assessment as of Dec. 1.
Last Friday's Hogs and Pigs report revealed inventory totals and farrowing plans that turned out to be generally larger than the betting public were banking on.
For example, pre-report guesstimates anticipated the average of the pre-release trade estimates was for a 0.9% decrease in the market hog inventory to drop by 0.9%, the sow herd to contract by 0.7%, and total swine inventory to thin by 9%.
While the actual totals were not exactly as ...