USA: Week 45 Pig Market Review 2021

As of November 12, 2021, the USDA reports that the average cost of half-carcasses in the US market fell by $1.64 over the week. Over the past week, there has been an increase in prices for all types of pork products, with the exception of ham and brisket.

Last week, 2,551,000 pigs were sold in the US for slaughter; a year ago - 2,694,000. This is 5.5% less. The US Department of Agriculture (USDA) report on the state of affairs in the pig industry as of September 1 showed a 6% decrease in the number of pigs in the category "below 120 pounds" (below 54 kg). These animals should go on the market somewhere by December 1 of the current year.

Over the past few days, 53-54% lean lean slaughter hog futures have fallen sharply in price. However, the liquidation of hog stocks in CHINA and Europe, and the declining supply of slaughter hogs in the US market, will result in slaughter hog cash prices in 2022 well above what futures are currently showing. Fewer slaughter pigs - less pork - higher prices.

Some slaughter and MEAT processing enterprises are experiencing problems due to a lack of labor. This limits their ability to slaughter and also process carcasses for value-added products. Currently, all this has a negative impact on the price of slaughter 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

55.00-60.00

58.00

-0.26

6440

41.00-68.50

47.35

+1.41

974

Iowa/Minnesota LM_HG206:

- weighted average. price

58.02

There is no data

Western Corn Belt LM_HG212:

- weighted average. price

58.00

There is no data

Eastern Corn Belt LM_HG210:

- weighted average. price

There is no data

47.81

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of slaughter of pigs, thousand heads PORK PRODUCTION