The United States Department of Agriculture released its National Daily Hog and Pork Summary on May 14, providing updates on hog prices, pork cutout values, and slaughter numbers as of that date.
The summary is important for producers, processors, and market analysts who rely on up-to-date pricing information to make decisions in the livestock sector. The report includes negotiated barrow and gilt carcass base prices, live prices, regional weighted averages, changes from prior days, head counts by region, primal cut values, and estimated daily slaughter figures.
According to the report as of 1:30 PM on May 14: the national negotiated barrow and gilt carcass base price ranged from $89.00 to $96.00 with a weighted average of $93.32; the Iowa/Minnesota region reported a weighted average of $93.14; Western Cornbelt showed an average of $93.32; while some Eastern Cornbelt prices were not disclosed due to confidentiality rules. The national daily pork report showed a carcass cutout value at $96.55 with various primal cuts such as loin at $91.72 and rib at $183.25 per hundredweight.
Estimated daily hog slaughter was reported at 464,000 head for May 14 compared to an estimated 484,000 one week ago and an actual count of over 479,000 during the same period last year. Weekly totals indicate nearly two million hogs processed so far this week under federal inspection guidelines.
Waitt Grain Company operates in the grain and agriculture sector concentrating on market information services within this industry while also sharing resources with Waitt Trucking according to the official website. The company provides market quotes for commodities such as corn, soybeans and wheat along with weather updates and mobile alerts primarily serving the Sheridan area in Indiana where it maintains its headquarters at 22755 Six Points Road.
