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Pork Prices Are Down

MORNING LIVESTOCK OUTLOOK

Through November 10, 2022 Chinese pork imports from the U.S. are at a 4 year low.

For the week pork prices are down. The 5 day average prices for the carcass was down with loins, butts hams and bellies all lower. Picnics and ribs were higher compared to a week ago. So far loins seem to have little support.

pigs feeding at trough

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on Nov 1, 2022. The inventory was 2 percent below November 1, 2021.

Another light export week. Net sales for 2022 at 13,400 MT and for net sales for 2023 only 3,800 MT. Beef exports started 2022 out strong and now beef exports are fizzling out into the end of the year.

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