
CHINA is a major buyer of U.S. pork, and the loss of China as an EXPORT market for U.S. pork amid the ongoing trade war has weighed heavily on pork futures.
June lean pork futures prices hit a three-week low late this week, with the daily price uptrend fizzling out. The pork futures market has consistently shown great resilience to price declines over the past several months. Fundamentally, the latest CME lean pork index is up 3 cents at $90.16 on May 6. Pork tenderloin is down 16 cents at $95.54 on Wednesday, remaining in the choppy range of the past six weeks. Pork tenderloin prices continue to trade sideways as uncertainty over global trade continues to weigh on pork markets.
Probable high and low price ranges for next week:
June Lean Pork Futures - $95.00 to $101.975 and Sideways
July soybean meal futures $289.70-$308.10 and sideways
July Corn Futures - $4.40-$4.70 and Sideways Down
You can learn more about the state of the pig market in the usa, as well as about the prices of pigs and pork on the American (and other) market in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.
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Average price of pigs
Negotiable price
Price in slaughter weight
Price in live weight
On a national basis LM_HG203:
-price range ($)
- weighted average price
-Change from the day before
-sales volume
88.00-98.00
94.47
+0.45
3689
72.50-74.50
73.57
+2.14
1141
Iowa/Minnesota LM_HG206:
- weighted average price
93.34 (-0.23)
No data
Western Corn Belt LM_HG212:
- weighted average price
93.17 (-0.40)
No data
Eastern Corn Belt LM_HG210:
- weighted average price
No data
No data
WEEKLY WEIGHTED AVERAGE PRICE OF PIGS
Weekly approximate volume of pig slaughter, thousand heads
PORK PRODUCTION