USA: Week 11 Pig Market Review 2023

CME April contracts fell 4.3 cents to 79,450 cents a pound and set their lowest price since October 2021. The nearest contract is down 9% from Friday's closing price. June futures fell to a daily limit of 93.475 cents a pound and reached their lowest price since January 2022. According to exchange operator CME Group, on Friday the daily trading limit was temporarily increased to 7 cents.

The losses were "a complete technical crash," said Dennis Smith, a commodity broker analyst at Archer Financial Services. Traders said fears of declining demand for American ham from Mexico, the main market for American pork, are weighing on the market due to the strength of the US DOLLAR . The Mexican peso has been volatile in recent days, falling about 3% against the US dollar over the past week.

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

72.00-79.00

77.61

-1.22

4456

No data

Iowa/Minnesota LM_HG206:

- weighted average. price

77.04 (-2.32)

No data

Western Corn Belt LM_HG212:

- weighted average. price

76.76 (-3.19)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

No data

No data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION