Key points
US pork production is forecast to increase by 3.1% year on year to 12.8 million tonnes in 2024
Steady to firm demand in the domestic and export market support higher pricing
US export figures have increased by...
This information is current as of July 23, 2024. This information is updated every week.
Weekly Hog Prices
Cash hogs generally started the week higher, excluding the ISM which faced a significant decline due to going unreported the previous Friday when...
Paul Anderson, Genesus Southeast Asia
Paul.Anderson_GenesusSoutheastAsia@outlook.com
The Philippines
Overview
As of 31 March 2024, the country's swine inventory was estimated at 9.96 million heads. This was 2.5 percent lower than the previous year's same-period count of 10.21 million heads. About 70.4 percent of...
A gap is a hole in prices which occurs when the current day’s high is below the previous day’s low or when the current days low is above the previous day’s high. Gaps indicate a sudden change of direction...
The USDA ERS July 2024 report indicates a slight increase in U.S. pork production, driven by higher hog slaughter rates and heavier carcass weights. Pork exports are forecasted to rise due to robust demand from key markets, while imports...
Summary:
The Weekly Hog Market Facts report, compiled by Jaydee Smith, provides a detailed analysis of the hog market for the week ending July 19, 2024. Key highlights include:
Ontario Market: The 100% Base Formula Price increased to $220.83/cwt. The...
Simon Grey, General Manager Europe, Genesus
Pig prices across Europe remain high enough for pig farming to remain profitable. As always when this is the case pig farmers are happy. What is the only thing we can know from this...
Margins deteriorated over the first half of July as a sharp decline in hog prices more than offset a similar selloff in the feed markets. Pork exports which have been a bright spot so far this year have started...
The USDA's latest World Agricultural Supply and Demand Estimates report offers detailed insights into the pork and hog markets for 2024 and 2025.
Pork Production:
2024: Pork production is forecasted to increase due to higher weights in the second half...
Ontario Market:
Base Formula Price: Decreased from $227.46 (June 14) to $218.33 per ckg.
Previous Year's Price: $238.86 per ckg.
Average Price: $255.12 per ckg.
Low Price: $231.70 per ckg.
High Price: $278.50 per ckg.
Weekly Average Dressed Weight:...