USA: Pork market review for week 49 from December 11, 2023

Weekly CFTC data showed hog traders covered long positions and added to short positions during the week ending December 5th. As a result, funds received a stronger contract of 3.4 thousand, falling short of 17,963.

The December WASDE report increased its forecast for fourth-quarter 2023 pork production by 25 million pounds to 7.065 billion for the full year by 27.242 billion pounds. UNCH's forecast for 2024 remained at £27.730 billion.

The national pork carcass price was up 17 cents Thursday afternoon at $83.37. According to the USDA 's weekly pork production report , pork production was 575.8 million pounds, the same as last week and up 3.1% from the same week last year. Annual total output was 25.581 billion pounds, up 0.5% from last year's pace. Pig slaughter for the week amounted to 2.687 million head, which is 0.3% less than last week, but 4.2% more than the same week last year. The annual figure remains 1.6% higher than last year with a head count of 120.02 million.

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

45.00-54.00

51.88

+0.17

3548

No data

Iowa/Minnesota LM_HG206:

- weighted average. price

51.86 (-1.28)

No data

Western Corn Belt LM_HG212:

- weighted average. price

51.52 (-0.19)

No data

Eastern Corn Belt LM_HG210:

- weighted average. price

52.51

No data

WEEKLY WEIGHTED AVERAGE PRICE FOR PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION