USA: Pork market review for week 6 from February 12, 2024

But prices rebounded from those lows later in the day after the U.S. Department of Agriculture reported that pork cut prices had strengthened, traders said.

U.S. pork EXPORT sales for the week through January 25 totaled 39,900 metric tons, mostly to CHINA , the USDA reported. U.S. pork exports in December were the second highest on record.

Internationally, US pork exports have been one of the success stories over the past year, with exporters seeing widespread growth around the world. Mexico remains the leader in purchases of American pork, which in October set a 2023 record for imports of this MEAT from the United States. But the growth in exports is not limited to Mexico; other countries in Latin and Central America have also increased purchases. Sales are also going well in Asia - although they started off slow in the first half of the year, they were really strong in the second half of the year. Thus, the US has good momentum for the hog industry in 2024 .

On the other hand, there are many obstacles such as exchange rates, especially in Asia, a strong US DOLLAR that makes prices higher in local currencies, and concerns about inflation and interest rates around the world. But the bottom line is that demand is still very high.  

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.

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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

60.00-68.50

63.79

-1.27

898

40.00-55.50

47.57

-5.04

3456

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 FOR PIGS

Weekly approximate volume of pig slaughter, thousand heads

PORK PRODUCTION