US: Hog Market Review 51 Weeks Ending December 25, 2023
Photo is illustrative in nature. From open sources.
A recent REUTERS poll of analysts found that traders expect Friday's report to show the U.S. hog herd will fall about 0.5% from a year earlier. "But there are risks associated with the preliminary report, as large U.S. hog shipments have been looming on the market horizon for months," said Dan Norcini, an independent trader.
The U.S. Department of Agriculture reported strong weekly pork EXPORT sales Thursday, with Mexico and CHINA leading buyers .
NASS quarterly data showed the hog inventory as of Dec. 1 was 74.971 million HEAD. That was flat with a year ago. The median trade forecast is for the hog inventory to decline 0.5% to 74.475 million head. Analysts estimate the September-November hog inventory will be down 1.7% from a year ago.
The national hog carcass value rose 86 cents to $82.21 Friday afternoon. The U.S. Department of Agriculture reported pork production for the week was 524.4 million pounds, down 9.2 percent from last week but up 37 percent from the same week last year. Slaughter was 2.426 million head, up from 2.682 million head last week and the same period last year.
You can learn more about the state of the pig market in the usa, as well as about the prices of pigs and pork on the American (and other) market in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.
Weekly reviews are available free of charge as part of a subscription to the monthly analysis of Russian meat markets.
Average price of pigs
Negotiable price
Price in slaughter weight
Price in live weight
On a national basis LM_HG203:
-price range ($)
- weighted average price
-Change from the day before
-sales volume
41.00-48.50
47.76
-0.20
2036
No data
Iowa/Minnesota LM_HG206:
- weighted average price
47.93
No data
Western Corn Belt LM_HG212:
- weighted average price
47.93
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
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