US: Hog Market Outlook 51 Weeks Ending December 23, 2024

Lean pork futures also rose on higher pork tenderloin values ​​and a leveling off ahead of the weekend and upcoming Christmas holidays.

The quarterly Hogs & Pigs report is due out on Monday, and a REUTERS poll of traders forecasts all hog inventories as of Dec. 1 were up 0.1 percent from a year earlier. The number of market hogs is expected to be up 0.1 percent from a year earlier, with breeding stocks expected to remain stable.

Commitment of Traders data indicated some liquidation of long positions in the week leading up to December 17, as the specification shows the net long position fell by 8,451 contracts to 122,308 contracts.

Free on board pork prices rose again Friday night, up $1.13 to $97.28 per hundredweight. Briskets led the gains, up $13.51. USDA estimates weekly hog slaughter at 2.581 million HEAD, up 21,000 head from last week and 152,448 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

76.50-78.00

76.95

-2.50

299

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