USA: Week 24 Pig Market Review 2023

19.06.2023

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Photo is illustrative in nature. From open sources.

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PIONEER MEIZHENG BIO-TECH (5 in1) JC0871/ Rapid tests for the determination of the residual amount of β-lactams, tetracyclines, chloramphenicol, streptomycins, ceftiofur in milk, whey.
PIONEER MEIZHENG BIO-TECH (5 in1) JC0586 - Antibiotic tests 5 in 1 / Rapid tests for determining the residual amount of β-lactams, tetracyclines and cephalexin in milk, whey

CoT's weekly report showed that hog traders covered short positions during the week ending June 13th. This reduced their net short position to 4630 contracts from 16k last week and 31k two weeks earlier.

Pork futures closed mostly higher on Friday, although December contracts fell 37 cents. The value of a pork carcass settled at $92.33 on Friday, according to the USDA , after rebounding $1.44. The USDA has estimated the weekly slaughter of 2.33 million pigs through Saturday. This is down from 2,358 last week and down 33,000 heads from the same week last year.

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

75.00-96.00

85.17