Stable in the North, mixed fluctuations in the Central and South; US pork prices fall

Pork prices today, November 6th: Stable in the North, mixed in the Central and Southern regions. (Source: Vincom)

Pork prices today, November 6th:

*Pork prices in Northern Vietnam:

On the morning of November 6th, live pig prices in the northern region remained stable at around 62,000 – 64,000 VND/kg after recording a one-price increase in many localities in the previous session.

Currently, Hanoi, Bac Giang, Hai Duong, Hung Yen, and Thai Binh have the highest pork prices in the region, reaching 64,000 VND/kg.

*Prices are slightly higher in the Central and Central Highlands regions.

In the Central and Central Highlands region, only Quang Binh province adjusted its price upwards by 2,000 VND/kg, reaching 62,000 VND/kg, the same price as Thanh Hoa and Nghe An. This is currently the highest selling price in the region.

Pork prices in other localities in the region are fluctuating between 58,000 and 61,000 VND/kg. Of these, four provinces recorded prices below 60,000 VND/kg: Quang Nam , Binh Dinh, Khanh Hoa, and Dak Lak.

*Pork prices in the Southern region

The live pig market in the South experienced mixed fluctuations this morning. Currently, prices in this region are trading in the range of 60,000 – 62,000 VND/kg.

Specifically, live pig prices in Ben Tre continued to increase slightly, reaching 61,000 VND/kg. Conversely, in Soc Trang, Hau Giang, and Tra Vinh, live pig prices uniformly reversed and decreased to 60,000 VND/kg.

* According to Reuters, live cattle futures on the Chicago Mercantile Exchange (CME) in the US rose, with beef reaching a two-month high on October 4, 2024, due to technical trading, as better-than-expected September 2024 employment figures boosted consumer demand. Hog futures prices also reached a four-month high before falling at the end of October.

Pork futures for December 2024 delivery on the CME fell 0.250 cents, closing at 76.150 cents/lb after reaching their highest level since May 2024. Near-term pork futures for October 2024 closed down 0.150 cents at 84.025 cents/lb.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-611-mien-bac-on-dinh-mien-trung-va-nam-bien-dong-trai-chieu-gia-thit-heo-o-my-giam-292715.html