USA: Pork market review for week 3 from January 22, 2024

Pork EXPORT sales for the week ended January 11 totaled 33,400 tons, with 10,000 tons sold to Mexico and 9,000 tons to Japan. Last week, shipments totaled 31,400 tons, with 12,500 tons sent to Mexico and SOUTH KOREA and 4,100 tons received.

Weather remains a major concern for traders and producers. Extreme cold tends to slow the weight gain of livestock because the feed the animals consume goes towards keeping them warm rather than growing. Average hog weight fell to 291.3 pounds for the week ending Jan. 13, from 293.1 pounds the week before, the USDA reported .

MEAT processing has increased following recent weather disasters, with the USDA estimating that meat processors sent about 489,000 hogs to slaughter on Wednesday. That was up from 477,000 pigs a week ago. USDA hog slaughter for the week totaled 2.652 million HEAD, up 4.4% from the same week last year. Pork production totaled 575.8 million pounds, up 4.2% from the same week last year.

You can learn more about the state of the pig market in the usa, as well as about prices for pigs and pork in 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 monthly analytics of Russian meat markets.

Average price for pigs

Negotiated price

Price in slaughter weight

Price in live weight

On a national basis LM_HG203:

-price range ($)

- weighted average. price

-Change from the day before

-volume of sales

39.00-50.00

46.62

-1.42

2956

25.75-39.70

35.91

+0.74

623

Iowa/Minnesota LM_HG206:

- weighted average. price

47.11 (-0.93)

No data

Western Corn Belt LM_HG212:

- weighted average. price

46.62 (-1.42)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

No data

No data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION