USA: Pig market review for week 37 from September 18, 2023
On the final trading day of the week, pork tenderloin futures closed 2 to 30 cents lower. The national hog carcass price fell another 26 cents to $98.83 on Friday. The USDA estimates hog slaughter for the week at 2.531 million HEAD through Saturday. This is up from 2.486 million head in the same week last year.
Weekly pork EXPORT sales were 23,100 metric tons, down 12% from the previous week and down 26% from the previous 4-week average.
The USDA cut its pork production forecast by 105 million pounds from last month amid "lower expected slaughter rates and lower carcass weights," although the figure is expected to rise 0.6% from last year. The pork export forecast was cut by 125 million pounds, although shipments are still expected to rise 7.2% from last year. For 2024 , the USDA made no changes to its pork production forecast but cut its export forecast. Pork production is expected to rise 0.6% from this year, while exports are expected to rise 1.5% from this year's level.
You can learn more about the state of the pig market in the usa, as well as about prices for pigs and pork in the American (and not only) market in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.
Weekly reviews are available free of charge as part of a subscription to monthly analytics of Russian meat markets.
Average price for pigs
Negotiated price
Price in slaughter weight
Price in live weight
On a national basis LM_HG203:
-price range ($)
- weighted average. price
-Change from the day before
-volume of sales
73.50-80.00
77.53
-0.91
3965
48.50-63.30
61.93
2855
Iowa/Minnesota LM_HG206:
- weighted average. price
No data
No data
Western Corn Belt LM_HG212:
- weighted average. price
79.27 (+0.62)
No data
Eastern Corn Belt LM_HG210:
- weighted average. price
75.75 (-2.53)
No data
WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS
Weekly approximate volume of pig slaughter, thousand heads
PORK PRODUCTION