USA: Week 30 Pig Market Review 2022

Lean hog futures on the CME were mixed on Wednesday, with near-term futures supported by higher money indexes, while October futures were lower on expectations of a seasonal increase in hog supplies towards the fall.

Supplies are still a bit tight, analysts say. Pig producers have been battling a disease that has recently reduced the available supply of pigs, pushing up the price of ready-to-sell pigs. It is likely that manufacturers may take longer than usual to restock.

The nearest August CME futures strengthened by 0.525 cents to 119.125 cents per pound, which signals to traders that the price index will soon peak, although it continues to grow, and the widening discount should limit sellers' interest in futures for the leading month.

Pig slaughter is likely to increase in the near future, with growth picking up by mid-August. The expectation of a surge in production, as well as lower demand for various grilled cuts and bacon, is reflected in large discounts on fall and winter lean pork futures.

A report from the USDA showed that pork stocks are declining.

Pork stocks fell less than average in June to 541.0 million pounds, 5.1 million pounds less than in May.

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

113.50-130.00

117.08

-2.51

2919

There is no data

Iowa/Minnesota LM_HG206:

- weighted average. price

119.46

There is no data

Western Corn Belt LM_HG212:

- weighted average. price

121.02 (-6.47)

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