August lean pork futures prices hit contract highs this week, and bulls have a solid near-term technical advantage. Pork market fundamentals remain strong. The latest CME lean pork index rose another 41 cents to $96.75 on June 3. Pork futures traders expect the seasonal rally to continue through the summer.
FOB pork was $111.51, up $3.39 from the previous week. All six primal cuts saw increases. Federally inspected hog slaughter this week was estimated at 2.363 million HEAD, down 52,772 head from the same week last year.
Probable price ranges for next week:
August Lean Pork Futures $105.00-$110.00 and Sideways
July soybean meal futures $289.70-$308.10 and sideways
July Corn Futures $4.30-$4.65 and Sideways
You can learn more about the state of the pig market in the usa, as well as about the prices of pigs and pork on the American (and other) market in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.
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Average price of pigs
Negotiable price
Price in slaughter weight
Price in live weight
On a national basis LM_HG203:
-price range ($)
- weighted average price
-Change from the day before
-sales volume
90.00-105.00
100.55
-1.30
1479
67.25-80.30
75.97
+2.24
759
Iowa/Minnesota LM_HG206:
- weighted average price
102.83 (+0.28)
No data
Western Corn Belt LM_HG212:
- weighted average price
102.50 (-0.21)
No data
Eastern Corn Belt LM_HG210:
- weighted average price
99.31
No data
WEEKLY WEIGHTED AVERAGE PRICE OF PIGS
Weekly approximate volume of pig slaughter, thousand heads
PORK PRODUCTION