USA: Week 16 Pig Market Review 2023

There were 24,570 non-short contracts on April 18, according to the Commitment of Traders. This is almost unchanged from the previous week, with a marginal OI drop of 142 contracts.

Friday pork futures closed higher at $1.05 after the May contract bounced 42 cents. The national USDA pork carcass value was $80.43 on Friday, up $2.28. The USDA estimates the weekly slaughter of 2.459 million pigs through Saturday. Thus, the annual slaughter rate increased by 1.7% compared to 2022.

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

60.00-70.00

66.02

-0.90

3990

50.12-54.50

53.64

737

Iowa/Minnesota LM_HG206:

- weighted average. price

No data

No data

Western Corn Belt LM_HG212:

- weighted average. price

68.86 (+0.39)

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