The United States Department of Agriculture released its National Daily Hog and Pork Summary from Des Moines, Iowa on June 2. The report provides an overview of hog prices, pork cutout values, and slaughter numbers as of 1:30 PM that day.
According to the USDA Livestock, Poultry & Grain Market News, the negotiated barrow and gilt carcass base price was $120 per hundredweight on a live basis. The national weighted average was reported at $95.57 per hundredweight. Head counts for plant-delivered hogs totaled 7,305 nationally and 1,501 in other categories. Prices varied by region; for example, in the Western Cornbelt region the weekly butt primal value reached $155 per hundredweight.
The National Daily Pork Report indicated a carcass cutout value of $100.59 with a change of $0.84 from the prior reporting period. Primal cuts showed mixed changes: loin at $94.12 (down by $1.60), butt at $148.75 (down by $0.03), picnic at $77.05 (down by $4.48), rib at $186.07 (up by $3.61), ham at $86.86 (up by $1.60), and belly at $119.17 (up by $5.36). Total loads reported were over 300.
Estimated daily hog slaughter under federal inspection was reported as 487,000 head for June 2; this compared to an estimated 468,000 one week ago and an actual count of 477,296 one year ago during the same period.
Waitt Grain Company operates in the grain and agriculture sector with headquarters in Sheridan, Indiana; it shares resources with Waitt Trucking and concentrates on market information services including market quotes for corn, soybeans and wheat as well as weather updates and mobile alerts, according to the official website.
