US Hog Market Review Week 24, June 17, 2024

The price of a hog carcass rose $4.33 to $101.35. The only decrease was for a belly-loaded picnic, which rose $16.58. The USDA estimated hog slaughter last week, including Saturday, at 2.39 million head. That's 32,000 fewer than the week before, but more than 74,000 more than a year ago.

Ample supplies in the US have put pressure on the hog market, which fell to a five-month low last week. According to the USDA, the average hog weight for the week ending June 8 was 289 pounds, slightly lower than the previous week but higher than 279.9 pounds a year ago.

The U.S. Department of Agriculture on Thursday reported that net export sales of 2024 U.S. pork totaled 30,100 metric tons for the week ended June 6, down 1% from the average for the previous four weeks.

For more information on the state of the US hog market, as well as on hog and pork prices in the US (and elsewhere), please see Meatinfo.ru's weekly meat market reviews in Russia and around the world.

Weekly reviews are available with a subscription.

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 compared to the previous day

-sales volume

84.00-92.00

87.61

+0.74

2619

55.75-69.00

66.11

520

Iowa/Minnesota LM_HG206:

- weighted average price

86.30

No data

Western Corn Belt LM_HG212:

- weighted average price

88.07

No data

Eastern Corn Belt LM_HG210:

- weighted average price

No data

No data

WEEKLY WEIGHTED AVERAGE PRICE OF PIGS

Weekly estimated pig slaughter volume, thousand heads

PORK PRODUCTION