USA: Pork market review for week 15 from April 15, 2024

The national hog carcass price fell 9 cents in Friday night's report to $101.20. The USDA estimated the federally inspected hog slaughter this week at 2.485 million HEAD. This is 64,000 more than last week and 58,000 more than the same week last year. Pork production this week was up 1.4% from a year ago to 534.6 million pounds.

The National Pork Producers Council is lobbying Congress to address state animal welfare laws in the U.S. Farm Bill. The NPPC highlights the negative impacts of California's Proposition 12 law, including rising prices and decreased availability of pork. NPPC seeks bipartisan support for federal legislation to preempt state laws and ensure consistency across states. Although stand-alone legislation such as the EATS Act has not yet been passed, the NPPC remains hopeful of a solution in the next Farm Bill.

NPPC President Laurie Stevermer said some of the negative consequences of the law that NPPC and other opponents warned about have become reality. “Now that Proposition 12 has taken effect, we are seeing prices for select pork products in California 20% higher than before Proposition 12. We are also seeing fresh pork consumption down 8-10%,” she said.

You can learn more about the state of the pig market in the usa, as well as about 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.

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Average price for pigs

Negotiated price

Price in slaughter weight

Price in live weight

On a national basis LM_HG203:

-price range ($)

- weighted average. price

-Change from the day before

-volume of sales

80.00-92.00

86.60

-0.45

1575

No data

Iowa/Minnesota LM_HG206:

- weighted average. price

 88.116 (-3.32)

No data

Western Corn Belt LM_HG212:

- weighted average. price

88.16 (-1.89)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

85.54 (-0.05)

No data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION

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