Compiled by Jaydee Smith, Swine Specialist, OMAFA
Ontario Market Highlights
- 100% Base Formula Price: Increased from $220.62 on July 5 to $233.55 on August 2.
- Previous Year 100% Formula Price: Decreased slightly from $230.18 to $254.84 over the same period.
- Average Price: Climbed from $255.12 to $265.00.
- Low Price: Rose from $231.70 to $235.20.
- High Price: Jumped from $278.50 to $287.78.
- Weekly Average Dressed Weight: Increased marginally from 104.25 kg to 104.56 kg.
- Market Hogs Sold: Peaked at 109,336 on July 12, before decreasing to 99,576 by August 2.
- Weaned Pig Value: Rose from $57.36 to $60.72.
- Feeder Pig Value: Increased from $91.01 to $96.34.
Canadian Market Overview
- Prime Interest Rate: Remained stable at 6.95%, dropping to 6.70% in the last two weeks.
- Hog Slaughter: Fluctuated around 408,700, with a slight decrease by the end of July.
- Quebec Pool Price: Increased steadily from $196.49 to $227.09.
- Manitoba Calculated Hog Value: Gradually increased from $232.81 to $241.85.
- Canadian Dollar Value: Dropped slightly from $0.7335 to $0.7216 against the US dollar.
U.S. Market Insights
- Federally Inspected Slaughter: Increased from 2,019,222 to 2,455,000.
- Number of Sows Slaughtered: Decreased by 14.9% compared to the previous year.
- Early Weaned Pigs (Weighted Avg.): Fluctuated between $27.31 and $36.43.
- 40 Pound Feeder Pigs (Cash Based Avg.): Varied from $44.71 to $47.50.
- CME Constructed Price: Slightly increased from $89.27 to $93.18.
- USDA Pork Carcass Cutout Value: Rose from $94.57 to $105.49.
Ontario Feed Market
- Chicago Corn: Decreased from $4.1050 to $3.8650 per bushel.
- Chicago Soybeans: Dropped from $11.6625 to $10.2725 per bushel.
- Soybean Meal: Increased from $616.42 to $666.36 per tonne.
- Old Crop Corn: Increased from $202.16 to $206.09 per tonne.
- Western Ontario Feed Corn: Increased from $220.76 to $225.19 per tonne.
- New Crop Corn: Decreased slightly from $210.23 to $200.09 per tonne.
- DDGS FOB Sarnia/Aylmer: Remained stable at $205.00 per tonne.
U.S. Weekly Imports from Canada
- Feeder Pigs: Varied from 79,251 to 90,580.
- Market Pigs: Ranged between 22,792 and 30,387.
- Sows & Boars Imported for Slaughter: Increased from 4,234 to 6,872.
For more details and data sources, refer to the “Notes for the Weekly Hog Market Facts” available on onswine.wordpress.com.
