USA: Week 15 Pig Market Review 2022

18.04.2022

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Photo is illustrative in nature. From open sources.

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Pig futures on the Chicago Mercantile Exchange (CME) traded higher on Thursday. US markets , including CME, were closed on Good Friday.

Pig futures closed mostly higher as brokers expected a seasonal increase in consumer demand for expensive cuts of MEAT, according to REUTERS. June lean hogs on the CME rose 0.875 cents to 118.475 cents a pound.

Wholesale pork prices in the US have strengthened. The US Department of Agriculture reported that the cost of pork carcasses on Thursday afternoon was $108.90 per centner, up 37 cents from Wednesday.

“Typically, demand for red meat picks up after Easter due to warmer weather and holidays. People are looking forward to the start of the grilling season and the increase in domestic demand for red meat,” said Dan Norcini, independent livestock trader.

He noted that the Mother and Remembrance Day holidays in May typically kick off the grilling season in the US.

The USDA said U.S. pork EXPORT sales for the week ended April 7 were 24,000 tons, down 26% from the previous four weeks' average. Mexico and Japan were the biggest buyers, with CHINA ordering 4,000 tons.

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

There is no data

72.75-77.15