USA: Week 12 Pig Market Review 2021

USA: Week 12 Pig Market Review 2021
Photo is illustrative in nature. From open sources.

As of March 26, 2021, the USDA reports that the average cost of pork products in the US market has fallen by $1.71. Over the past week, there was a drop in prices for all types of products, except for ham (+$1.09) and ribs (+$0.67).  

July 53-54% lean slaughter hog futures closed at 99.47 cents/lb ($2.19 US/kg) in late Friday trading.  

Last week, the weighted average price of 40 - 50 lb (~18 - 22.7 kg) finishing pigs was at $90 US/head. 500 lb (~227 kg) sows cost ₵80 cents/lb ($1.76 US/kg). The weekly national price for slaughter pigs with 53-54% lean muscle mass was 83.5₵c/lb ($1.84 US/kg) last week.

According to the latest data, 66,237 sows were sent for slaughter during the week. This is not liquidation yet, but the level is already borderline with it, one thing is for sure - there is no expansion of livestock. As experience shows, such high feed prices as now have never contributed to an increase in the number of pigs. We are seeing price increases not only in the United States, but also in Europe. This is an important aspect for both sides, since it is about the competitiveness of countries in the global EXPORT market.

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

91.75-100.00

95.94

+1.82

 

6939

68.00-74.10

72.18

+1.75

 

1717

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION

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