USA: Week 32 Pig Market Review 2021

As of August 13, 2021, the USDA reports that the average cost of pork products in the US market has increased by $6.31. Over the past week, there was a decline in prices only for a picnic ($5.29) and ribs ($7.66).

GENESUS reports that 2,327,000 hogs were sold in the US market last week, compared to 2,559,000 in the same week last year. This is a decrease of almost 10%! Moreover, during the last five weeks, all sales have also decreased by about 10%.  

Compared to last year, there were fewer slaughter pigs. We believe the 10% drop in the number of slaughter pigs sent to market over the past few weeks is a combination of sow eradication, swine disease outbreaks and hot weather. Financial losses last year literally devastated the industry, the number of breeding stock was not maintained at the proper level and, in addition, we believe that the ongoing problems with PRRS are also seriously hurting the industry.

Over the next twelve months, producers expect a 30% decrease in the number of weaned pigs and a 20% decrease in weaning-finishing livability compared to last year. This is a 50% reduction in the number of market pigs.

For the past few weeks, the weight has been holding at 278 lbs (126.10 kg), as there is no reduction in sales weight, chances are the pigs are being held back a bit.

In the following months, comparing with the previous year, we expect to see a decrease in the supply of pigs.

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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

95.00-105.00

97.97

-2.15

3343

68.75-80.00

77.70

-1.40

1386

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads

PORK PRODUCTION