Compiled by Jaydee Smith, Swine Specialist, OMAFA
Contact: jaydee.smith@ontario.ca
Ontario Market Highlights
- 100% Base Formula Price: $213.67/cwt, a decline from the previous week’s $217.03.
- Weaned Pig Value: $55.55/pig (-$0.88).
- Feeder Pig Value: $88.14/pig (-$1.38).
- Market Hogs Sold: 125,518, a 103% increase compared to last year.
- Average Dressed Weight: 107.96 kg, continuing a steady increase.
Canadian Market Highlights
- Quebec Pool Price: $201.99/cwt, slightly lower than last week.
- Manitoba Hog Value: $227.46/cwt.
- Slaughter Numbers:
- Total: 450,340, a 99% match to last year’s levels.
U.S. Market Highlights
- Federally Inspected Slaughter: 2,602,000 hogs, at 98% of last year’s levels.
- Early Weaned Pigs:
- Weighted Average: $63.57/pig (+$3.52).
- Cash-Based Average: $63.91/pig.
- 40-Pound Feeder Pigs: $83.28/pig, an increase of $5.21.
- USDA Pork Carcass Cutout Value: $90.33/cwt, slightly down from $90.93 last week.
Feed Market Updates (Ontario)
- Corn (Western Ontario): $241.72/tonne (+$2.89).
- Soybean Meal (Hamilton): $515.67/tonne, showing a gradual decline.
Key Insights
- Ontario’s hog prices continue to soften as market weights increase.
- Early weaned and feeder pig values are climbing, signaling strong demand.
- Canadian slaughter levels remain steady, highlighting robust production despite price pressures.
- U.S. pork carcass values are stabilizing as the market adapts to holiday demand.
Looking Ahead
- Producers are encouraged to monitor feed costs closely as Western Ontario corn prices continue to rise.
- With early weaned pig prices climbing, profitability hinges on maintaining efficiency in finishing operations.
For more detailed insights and benchmarking data, visit Ontario Swine.
