USA: Week 23 2023 Pig Market Review

Firmer prices in the cash markets provided support. The CME pig price index rose 48 cents to $84.28 per quintal, the highest since Nov. 25.

Traders ignored a slight decline in wholesale pork prices. The cost of the carcass fell to $88.04 per centner, the US Department of Agriculture (USDA) said on Monday afternoon, down 35 cents from Friday's level and below a five-month high of $89.06 set a week ago.

The estimated slaughter for Monday is 467,000, up from last week's 461,000 and up from last year's 461,000. Saturday slaughter was revised upward to 53,000 and Friday slaughter was revised downward to 448,000. The estimated weekly total (so far) is 2,358,000, up from last week's 2,028,000 and down from last year's 2,366,000.

 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

81.50-95.00

93.24

+7.72

2415

59.75-67.95

65.73

828

Iowa/Minnesota LM_HG206:

- weighted average. price

93.67 (+4.73)

No data

Western Corn Belt LM_HG212:

- weighted average. price

93.67 (+4.73)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

No data

No data

Weekly approximate volume of slaughter of pigs, thousand heads