Platts to launch pork loin ex-works US Midwest assessment

Platts, part of S&P Global Commodity Insights, will 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 will enhance 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 price assessment will 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 will 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 will be published in dollars per metric ton ($/mt), with a value also published in US dollars per lb ($/lb).

The assessment will 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 will follow the Platts US publishing calendar.

The Platts holiday calendar is available at https://www.spglobal.com/commodityinsights/en/our-methodology/holiday .

Platts first proposed the launch of a pork loin, ex-works US Midwest assessment on May 15 in a subscriber note here (opens in a new tab).

Please submit any feedback, comments, or questions to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com.

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.