US Hog Market Review for Week 3, January 20, 2025

Resurgent strength in the cash market has fueled the recent strength in futures. Strength in wholesale pork prices may continue to support the cash market. Retail demand for pork remains impressive. Rising beef prices at grocery stores are likely encouraging consumers to buy pork.

The USDA Free on Board (FOB) Plant pork price rose 21 cents in Friday's PM report to $90.60 per hundredweight. Loins, hams, and back ends were the main ones reported to have fallen, with others up $1.64 to $2.43. Federally inspected hog slaughter this week totaled 2.627 million head. That's 96,000 head more than last week and 9,932 head more than the same week last year. On Friday afternoon, the USDA set the hog carcass price at $90.60 per hundredweight, up 21 cents from Thursday.

US markets and most government offices will be closed on Monday, January 20, for the Martin Luther King Jr. holiday, which coincides with Trump's inauguration.

For more information on the state of the US hog market, as well as on hog and pork prices in the US (and elsewhere), 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

76.50-81.00

78.50

-1.74

891

No data

Iowa/Minnesota LM_HG206:

- weighted average price

78.64 (-1.93)

No data

Western Corn Belt LM_HG212:

- weighted average price

78.64 (-1.93)

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