US Hog Market Review Week 35 2023

"October is just National Pork Month, and buying starts the first week of September," said Rich Nelson, chief strategist at Allendale Inc. "We're still in a downtrend in the cash markets, so we haven't seen buying start yet."

The most active October lean pork futures contract rose 500 cents to 83.050 cents a pound. For the week, the October contract has gained 4.04%.

The U.S. Department of Agriculture said slaughter volume was 2.39 million head, up 18,000 from the same period last year.

The U.S. hog inventory as of June 1, 2023, was 72.4 million head, up slightly from June 1, 2022, but down 1 percent from March 1, 2023. The breeding herd inventory of 6.15 million head was down slightly from a year ago but remained 1 percent above the previous quarter. Hog market inventories of 66.2 million head were up slightly from a year ago but down 1 percent from the previous quarter.  

You can learn more about the state of the pig market in the USA, as well as about the prices of pigs and pork on the American (and other) 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 the monthly analysis of Russian meat markets.

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 from the day before

-sales volume

73.00-81.50

80.06

-0.07

2094

No data

Iowa/Minnesota LM_HG206:

- weighted average price

No data

No data

Western Corn Belt LM_HG212:

- weighted average price

No data

No data

Eastern Corn Belt LM_HG210:

- weighted average price

No data

No data

WEEKLY WEIGHTED AVERAGE PRICE OF PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION