- Cash Hog Prices: Mixed movement with regional markets increasing by approximately $0.70/cwt, while national prices fell by $0.30/cwt. CME cash was narrowly down, ending 25 cents lower week-over-week. Wholesale pork primals were stable, with US pork cutout unchanged.
- Canadian Hog Markets: Mostly lower, with losses between $0.50-$3.00 per hog. Notable changes:
- ML Sig 4: -$1.58/hog
- Hylife: -$1.28/hog
- Olymel: -$0.40 (OlyW21), -$1.867 (OlyW20)
- US Hog Markets: Tyson hogs dropped by $0.82/hog, and JM hogs fell by $2.08/hog, adding to the recent Midwest market weakness.
- Weekly Hog Margins: Margins declined in Canada, with Western regions dropping by $2-$3 per hog and Eastern regions by $2.07-$2.91 per hog. Canadian feed costs increased slightly by $0.68/hog. Declines were observed across Ontario, ML Sig 4, Hylife, and Olymel.
- US Hog Margins: Tyson margins decreased by $1.47 to $31.52/hog, while JM margins increased slightly by $1.45 to $25.93/hog.
This report provides a snapshot of the current market situation, highlighting price changes and margin fluctuations across North American regions.
