USA: Week 12 Pig Market Review 2022

Pig futures on the Chicago Mercantile Exchange (CME) were mostly down on Thursday as traders took profits after many contracts rose to new highs on Wednesday. Weak pork exports added pressure to the pig market.

The basic weighted average price of pork carcasses in the country since the beginning of the year has a strong upward trend. The price last week was $109.9 per centner, up 29.9% ($22.61) more than at the beginning of the year and 7.3% more than the same week last year. As a rule, the seasonal pattern is such that prices peak in the summer, which also coincides with the period when returns reach their peak in the year. The current break-even price is around $87/cwt, indicating that producers are likely to see profitable months ahead unless there is a sharp drop in hog prices or spikes in feed prices in the near future.

You can learn more about the state of the US pig market , as well as the 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 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

100.00-112.00

108.84

2.27

3588

77.50-89.00

82.39

-0.24

841

Iowa/Minnesota LM_HG206:

- weighted average. price

109.59

81.21

Western Corn Belt LM_HG212:

- weighted average. price

109.51

81.04

Eastern Corn Belt LM_HG210:

- weighted average. price

There is no data

There is no data

WEEKLY AVERAGE WEIGHTED PRICE FOR PIGSWeekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION