USA: Week 3 Pig Market Review 2022

As of January 21, 2022, according to the USDA , the average cost of pork carcasses in the US market increased by $4.22 over the week.

Pig futures on the Chicago Mercantile Exchange (CME) jumped to their highest level in more than three months on Thursday as cash markets strengthened, traders said. this was the highest since October 14 last year. Pigs futures have risen for four consecutive sessions, the longest streak of growth since the end of September.

MEAT processors sent about 457,000 pigs for slaughter on Thursday, according to USDA data, the same as Wednesday's slaughter but 4,000 less than a week earlier. Pork processors' profit margins rose to $34.50, according to USDA data. from $26.85 per HEAD.

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WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads