Pork and lamb prices higher

Prepared and written by Jeff Swenson, DatcP cattle and meat specialist. The market update marks information from several sources, including trading publications, radio broadcasts, agricultural intelligence services, people who are involved in the industry, as well as USDA wet and AMS reports.

Pigs

The pigs were 50 cents higher last week. Last Friday, the pork was 3.33 US dollars higher, which was offered at 97.83 US dollars. As a rule, both pork and pork prices rise into the summer, but the movement has been largely on the side in the past few weeks. The estimated harvest of 2.437 million pigs in the past week was 49,000 fewer than in the previous week and 219,000 more than in the previous year. The number of institutions tested in the states rose from 659 in 2022 to 763 in 2024. The weekly harvest capacity in 2024 was calculated with 2,696,392 head compared to the average weekly harvest of 2,464,735. Packers can increase the capacity with larger crop plans and operate on Saturdays if necessary.

China -US trade negotiations give optimism, although the pork is exported, which are still exposed to a tariff of 57%. March exports were 3% higher than in the previous year, with the first quarter of 1% lower. March -Pork exports corresponded to $ 73.91 per capita.

lamb

The lamb market was designated last week with the Cutout value of $ 4.31 with $ 457.78. The harvest of the week was estimated at 35,000 sheep and lambs, 2,000 over the previous week and 1,000 fewer than a year ago. Exports of the US lamb muscle shortlements in March were 45% higher than a year ago and the highest since December 2019. In the first quarter, exports increased by 26% in the previous year. New harvest lambs brought $ 220 to $ 260.

The prices after pork and lamb prices initially appeared on the farm.