Fat Hog Prices Today (2024)

FAQs

What is the average price for a whole pig? ›

The cost of the hog is priced per pound from the hanging weight (i.e., hog's live weight minus innards, head, and feet). A whole hog generally costs about $600-$750. Your deposit will be applied to the final amount due. Each butcher has different processing cost, but averages around $350-$400 for a whole hog.

As of the latest data available, the current market hog price per pound in the United States is approximately $0.70 to $0.80 per pound.

The low hog prices that are driving these losses are more the result of declining demand rather than too many hogs. Yes, hog slaughter in 2023 is expected to be 1.2% higher than last year, but it is lower than in 2019, 2020 and 2021.

According to the USDA Economic Research Service Livestock, Dairy, and Poultry Outlook for May 2024, January–April hog prices increased 6.3%, year-over-year, and the value of the wholesale pork carcass rose more than 13% over the same period in 2023.

The average half will yield 70-90 pounds of cut, wrapped and frozen meat. Of course, hogs will vary in size and since the hog will be custom processed to your specifications, the yield will vary slightly. That means if you have all bones removed; you will have a lower yield. WHAT IS THE HANGING WEIGHT?

A hanging pork carcass will typically yield about 75% of the carcass weight, in mostly bone-in meat cuts, resulting in approximately 130-194 pounds of meat to take home.

US Swine Price is at a current level of 87.80, down from 88.67 last month and down from 99.85 one year ago. This is a change of -0.99% from last month and -12.07% from one year ago.

The life cycle of a market pig lasts about 25 to 28 weeks or between six and seven months. They typically weigh 2 to 3 pounds at birth and are nurtured to their market weight of up to 280 pounds.

A whole pig typically yields 120 pounds of meat or more. Cost depends on the cuts chosen and its weight, but one can expect to save 15 percent to 40 percent.

While we can spend a lot of time about specific factors driving prices for primals and subprimals, the chart below drives home one simple point: pork prices as a whole generally are higher in the summer and lower in the fall.

What is the outlook for pig prices? ›

Irish pig prices are forecast to continue to decrease in 2024 and are expected to fall by 11%, according to Teagasc's annual outlook report. This, according to Teagasc, represents a decrease to €2/kg in 2024.

Total pork production for 2024 is forecast at about 28 billion pounds, up 2.8 percent from last year. Pork production for the first half of 2025 is unchanged from last month. Pork exports for 2024 are reduced 125 million pounds to 7.122 billion pounds, 4.4 percent above exports in 2023.

Lean Hogs is expected to trade at 84.49 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 91.69 in 12 months time.

The American pork industry has a problem: It makes more tenderloin, ham, sausage and bacon than anybody wants to eat. From giant processors to the farmers who supply them, they are in a predicament largely of their own making. They made production so efficient that demand can't keep up with supply.

Pork market information from the week ending August 30, 2024. The USDA reported a weekly hog harvest of 2.429 MM hogs last week. This level is roughly 3% below the prior week. Total year-to-date harvest is up 1.3% over last year.

At the time of the sale, market swine will weigh between 200 and 280 pounds with an average weight of 265 pounds. Market pigs sell for between $2.00 and $4.00 a pound with an average price of $3.50 per pound. Processing fees (butchering, cutting, and wrapping) vary based on the butcher.

Raising Pigs - The Economics

You can expect to spend about $250-$300 per pig on organic feed to raise them to finish weight, and in the range of $100-$150 at the abattoir for kill cut and wrap, depending on the cuts. At a hanging weight of 160 lbs., this brings your cost per pound to about $2.50-$3.00.

On average about 57% of a hog make it from the pen to the pan. A 250 lb. hog will yield approximately 144 lbs of retail cuts. Around 28% of a hog's live weight is inedible product re- moved during the slaughter and dressing procedure bringing our 250 lb.