USA: Pork market review for week 32 of 2023

Lean pork traders had a net long position of 33,826 contracts as of August 8, according to the latest CFTC data. This is 3 thousand more contracts than a week earlier, when switching from short to long positions.

WASDE's monthly report said pork production was down 107 million pounds in 2023. The forecast for 2024 output was unchanged from July at 27.335 billion pounds.

The USDA estimates weekly hog slaughter at 2.354 million head. Thus, the total livestock since the beginning of the year amounted to 76.837 million heads, which is 1.3% more than 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

90.00-106.00

95.95

-0.03

4025

No data

Iowa/Minnesota LM_HG206:

- weighted average. price

96.02 (+1.37)

No data

Western Corn Belt LM_HG212:

- weighted average. price

95.76 (+0.04)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

96.57

No data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION