Ontario Market Highlights:
- Base Formula Price: Declined slightly to $221.76/cwt, compared to $227.02/cwt the previous week.
- Dressed Weight Average: Remained stable at 106.88 kg.
- Market Hogs Sold: Totaled 123,399, representing 111% of the volume from the same week last year.
- Weaned Pig Value: Averaged $57.66/pig, while feeder pigs were valued at $91.48/pig.
Canadian Market Overview:
- Hog Slaughter: Reached 406,220 head, about 92% of last year’s levels.
- Quebec Pool Price: Dropped to $213.96/cwt, compared to $221.54/cwt the prior week.
- Manitoba Hog Value: Also experienced a decline, settling at $233.91/cwt.
- Canadian Dollar Value: Slightly improved to $0.7154 USD from $0.7103 the previous week.
U.S. Market Trends:
- Federally Inspected Slaughter: Estimated at 2,565,000 head, reflecting a 115% increase compared to last year.
- Early Weaned Pigs: Weighted average prices rose to $56.82/pig.
- Pork Carcass Cutout Value: Continued its downward trend, falling to $94.24/cwt.
Feed Market Update (Ontario):
- Corn Prices: Farm prices increased to $212.79/tonne, with Western Ontario feed corn priced at $230.89/tonne.
- Soybean Meal: Averaged $522.72/tonne, slightly lower than the previous week.
- DDGS: Prices stabilized at $208/tonne FOB Sarnia/Aylmer.
Key Takeaways:
- Both Canadian and U.S. hog markets saw increased slaughter volumes compared to the previous year, while pork carcass cutout values showed a consistent decline.
- Feed costs remain a concern for producers, with corn and soybean meal prices showing mixed trends.
- Ontario continues to outperform previous year’s sales volumes, reflecting robust demand within the region.
For more details and ongoing updates, visit OnSwine.
