Platts proposes to launch pork loin ex-works US Midwest assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily price assessment for pork loin, ex-works US Midwest, effective July 1, 2025.

The US is among the top global producers of pork, with pork loin representing a significant share of traded cuts, both domestically and for export. The US Midwest serves as a crucial production hub, housing the largest concentration of hog farms and benefits from its proximity to essential rail and port infrastructure.

The new US pork loin assessment would enhance existing Platts protein coverage, which currently includes the EU Pork Marker and Pork Belly CFR North Asia, while complementing its existing "field-to-fork" coverage of agriculture markets.

The specifications of the new proposed price assessment would be as follows:

• Basis and location: EXW-Midwest
• Quality: ¼" trimmed boneless pork loin, vacuum-packed, frozen
• Quantity: Minimum 40,000 lb
• Timing: Loading 15-30 days forward from the date of assessment
• Payment terms: Cash against documents

The EXW US Midwest assessment would reflect product from the US Midwest, defined as production facilities located in Iowa, Minnesota, North Carolina, Nebraska, Missouri and Illinois.

The new US pork price assessment would be published in dollars per metric ton ($/mt), with a value also published in US dollars per lb ($/lb).

The assessment would be based on bids, offers, trades and market activity reported to Platts before 1:30 pm Houston time and reflect the prevailing market value at the time of close. The assessment would follow the Platts US publishing calendar.

The Platts holiday calendar is available at https://www.spglobal.com/commodityinsights/en/our-methodology/holiday(opens in a new tab).

Please submit any feedback, comments or questions about this proposal to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com by May 30, 2025.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.