USA: Pig market overview for the 20th week of 2022

Lean pork futures have bounced back this week after sharp losses of late. This is a signal that hog futures have bottomed out and started a delayed seasonal rally. But analysts do not expect a strong rise in futures until the cash market price index shows a steady increase, but the short-term outlook has improved. The strong position in wholesale pork sales also indicates that the market may have started a delayed seasonal rally. Total sales of pork products hit a two-month high on Tuesday, suggesting retailers are ramping up purchases ahead of the summer grilling season.

Pork EXPORT sales to the US are down from last week. On Thursday, the USDA said U.S. pork sales reached 24,100 tons, down 8 percent from the previous week but up 2 percent from the previous 4-week average. The increase was mainly in Mexico (8400t), SOUTH KOREA (4300t), Colombia (2400t), CHINA (2100t) and Japan (1900t).

 You can learn more about the state of the US pig market, as well as the prices for pigs and pork on the American (and not only) market, in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.

Weekly reviews are available free of charge as part of a subscription to the monthly analytics of the Russian meat markets.

Average price for pigs

Negotiated price

Price in carcass weight

Price in live weight

National based LM_HG203:

-price range ($)

- weighted average. price

-Change from the day before

-volume of sales

104.00-118.00

112.97

+2.46

7040

There is no data

Iowa/Minnesota LM_HG206:

- weighted average. price

115.22 (+1.64)

There is no data

Western Corn Belt LM_HG212:

- weighted average. price

There is no data

There is no data

Eastern Corn Belt LM_HG210:

- weighted average. price

There is no data

There is no data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION