US Hog Market Review Week 46, November 18, 2024

Pork shares fell Thursday afternoon, spurring selling by some speculative funds that hold a large net long position, said Austin Schroeder, a commodities analyst at Brugler Marketing and Management.

Wholesale hog carcasses rose $3.04 to $97.11 a hundredweight Friday afternoon, according to the U.S. Department of Agriculture , after falling $3.19 to $94.07 a hundredweight Thursday afternoon. The CME lean hog index was $89.78 Friday.

Weekly EXPORT sales data showed net sales of 19,825 tonnes of pork in the week ending November 7. Mexico purchased a total of 9,600 tonnes, of which 3,900 tonnes were sold to Japan. Export shipments were down from the previous week's 26-week high of 31,087 tonnes.  

The FOB pork price rose again in Friday's report, up $3.04 to $97.11 per hundredweight. Only loin and ham showed no gains, and brisket was up again after falling $18.44 on Thursday. The USDA estimated weekly hog slaughter at 2.633 million HEAD, up 28,000 head from last week due to higher slaughter on Saturday, but down 14,405 head from the same week last year.

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.

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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

75.00-88.00

84.67

2422

No data

Iowa/Minnesota LM_HG206:

- weighted average price

86.05 (-1.00)

No data

Western Corn Belt LM_HG212:

- weighted average price

85.53 (-1.27)

No data

Eastern Corn Belt LM_HG210:

- weighted average price

82.15

No data

WEEKLY WEIGHTED AVERAGE PRICE OF PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION