USA: Week 34 Pig Market Review 2021

As of August 27, 2021, the USDA reports that the average cost of pork products in the US market increased by $0.19. Over the past week, there was an increase in prices for all types of products, with the exception of carbonade ($5.59), ribs ($3.03) and bacon ($0.98).

Over the past few days, there have been a lot of comments from experts and futures traders expressing deep concern about the demand for pork. Of course, this is closely related to their self-interest in lowering futures prices for slaughter pigs with 53-54% lean muscle mass yield.  

In the latest Friday auction in the United States, the carcass price of pork carcasses was $125.68 US. The price of primal cuts is a true reflection of the demand for pork here and now. Demand for pork is currently stable and will continue to be so.  

The level of sales of slaughter pigs continues to be well below the forecasts of the Ministry of Agriculture, which wrote about a 2% decrease in supplies presented in the report of June 1, 2021. Last week, compared to the same week last year, the supply of slaughter pigs decreased by 6%, and if we take the period from the beginning of July, then in general, slaughter volumes decreased by almost 10%. it is unlikely that American pig producers will keep pigs ready for sale on their farms, as it comes to autumn and traditionally lower market prices during this period.  

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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

90.00-97.00

92.54

-1.32

5115

65.25-77.00

72.77

-2.55

1542

Iowa/Minnesota LM_HG206:

- weighted average. price

There is no data

72.52

Western Corn Belt LM_HG212:

- weighted average. price

There is no data

72.52

Eastern Corn Belt LM_HG210:

- weighted average. price

There is no data

72.86

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION