Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.
September pork production was 2 percent higher than a year ago, with harvest up only slightly. The average live weight of hogs harvested was 285 pounds, four pounds heavier than last year. Year-to-date harvest is 1 percent higher than 2023, but the weekly estimate has been below year-ago levels for three consecutive weeks.
There were reports of packers actively seeking hogs, something they have not had to do in recent months. USDA estimates last week’s total was 2.593 million hogs, 9,000 fewer than the previous week and 18,000 fewer than a year ago. Cash hogs were $1.45/cwt higher last week with wholesale prices showing strength as well. The pork cutout value averaged $98.16 for an increase of $2.72. Strength was noted in bellies, hams, and loins.
September lamb and mutton production was 4 percent higher than a year ago, according to the USDA Monthly Livestock Slaughter report. Harvest was 1 percent higher. The average live weight of 118 pounds was two pounds heavier than last year. Cash lambs were called firm to $20/cwt higher last week. However, the carcass cutout value was $13.04 lower at $460.79. Last week’s harvest estimate of 34,000 was 1,000 head greater than the previous week and 3,000 fewer than a year ago.
