USA: Week 24 Pig Market Review 2022

Pig futures on the Chicago Mercantile Exchange (CME) hit a two-week high on Friday. Scott Varilek, Broker at Kooima Varilek Trading Inc. notes that hog futures received support as the supply of ready-to-sell pigs continues to decline.

July CME lean hog futures added 1,300 cents to 109.575 cents a pound, while the most active August hog futures advanced 1,700 cents to 106.025 cents a pound. The CME Lean Hog ​​Index, a two-day weighted average of spot hog prices, edged up 44 cents to $108.57 a hundredweight.

Strong EXPORT sales added support, with US exporters selling 27,600 tons of pork in the week ended June 9, up 65% from the previous week and up 1% from the previous 4-week average, the USDA said. .

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

108.00-123.50

115.72

-1.62

5009

There is no data

Iowa/Minnesota LM_HG206:

- weighted average. price

121.17 (+0.35)

There is no data

Western Corn Belt LM_HG212:

- weighted average. price

120.96 (+0.39)

There is no data

Eastern Corn Belt LM_HG210:

- weighted average. price

There is no data

There is no data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION