This information is current as of July 23, 2024. This information is updated every week.
Weekly Hog Prices
Cash hogs generally started the week higher, excluding the ISM which faced a significant decline due to going unreported the previous Friday when other cash hogs were lower, with all markets again lower this past Friday to weigh the weekly averages down. CME cash improved daily, with better gains late in the week. Wholesale pork primal values primarily improved, although ribs and butts were again lower (down -1.3% & -1.7%, respectively), supporting US pork cutout $4.33/cwt over the previous week’s average.
Monitored Canadian hog markets were higher, excluding some derived from lagged base pricing which slipped under values reported a week ago. Hogs out Quebec were up the most, surging $10.25/hog, while Hylife hogs improved $3.55/hog and those out of Ontario were up $2.80/hog. The ML Sig 4 improved $1/hog and the OlyW 21 climbed $0.30/hog higher, while the OlyW 20 fell $1.45/hog and BP4/TC4 was down $2/hog. In the US, Tyson hogs dropped $9.65/hog while JM hogs fell $6.70/hog from the previous week.
Weekly Hog Margins
Monitored Canadian hog margins primarily improved on generally higher hog values and lessened feed costs. Farrow-to-finish feed costs dropped $0.90-$1.10/hog on either side of the CAN-US border from the week previous.
Ontario hog margins strengthened $3.75 to $50.30/hog profits, followed by ML Sig 4 margins which improved $2 to $48.30/hog profits out of Brandon and $44.05/hog profits out of Lethbridge. OlyW 20 margins weakened $0.55 to $45.90/hog profits for the week, while Hylife margins were up $4.45 to $44.75/hog profits. Hog margins out of Quebec strengthened $11.15 to $37.80/hog profits, while OlyW 21 margins improved $1.20 to $32.20/hog. In the US, Tyson hog margins weakened $8.55 to $49/hog profits while JM margins fell $5.60 to $43/hog profits.
Monthly Hog and Feeder Pig Margins
