USA: Pig market review for week 43 from 30 Oct 2023

The national price for a pork carcass on Friday afternoon was $86.40. Weekly USDA data showed pork production at 550 million pounds. This was 0.5% higher than last week, but 0.1% lower than the same week last year. The slaughter for the week amounted to 2.614 million heads, which is 4 thousand more than last week, but 50 thousand more than the same week last year. Slaughter since the beginning of the year was 1.4% higher than last year’s rate.

USDA cold storage report showed frozen pork inventories totaled 462.8 million pounds, down 6.5 million pounds (-1.4%) since August, while the five-year average showed an increase in September . Pork inventories fell 74.3 million pounds (-13.8%) from a year ago to 69.4 million pounds (-13.0%) below the five-year average.

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

66.00-72.00

70.07

-0.63

3665

No data

Iowa/Minnesota LM_HG206:

- weighted average. price

70.62 (-1.14)

No data

Western Corn Belt LM_HG212:

- weighted average. price

70.58 (-0.28)

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