Lean pork futures on the Chicago Mercantile Exchange (CME) fell on Thursday in tandem with falling stock and energy markets, and recession worries fueled concerns about pork demand and consumer spending cuts, REUTERS reported.
Quotes fell sharply on Thursday after US data showed that consumer spending rose less than expected in May. “Today we talked more about the overall macroeconomic performance,” says Ted Seyfried, chief agricultural strategist at Zaner Group.
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
110.00-123.00
114.22
-4.69
4439
There is no data
Iowa/Minnesota LM_HG206:
- weighted average. price
120.88 (-1.95)
There is no data
Western Corn Belt LM_HG212:
- weighted average. price
120.86 (-1.59)
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