Weekly Hog Market Highlights: Week Ending January 17, 2025

Ontario Market

  • 100% Base Formula Price: $211.20/cwt (steady compared to last week but down from $221.16 in December).
  • Average Dressed Weight: Increased to 110.39 kg, reflecting seasonal trends.
  • Market Hogs Sold: 117,323, representing 96% of the previous year’s volume.
  • Weaned Pig Value: $54.91/pig, with feeder pig values averaging $87.12/pig.

Canadian Market

  • Hog Slaughter: 435,726 hogs processed, 99% of the previous year’s activity.
  • Manitoba Calculated Hog Value: $221.21/cwt.
  • Quebec Pool Price: $206.20/cwt.
  • Canadian Dollar: Valued at $0.6928 USD, lower than last year’s $0.7428 USD.

U.S. Market

  • Federally Inspected Hog Slaughter: 2,627,000, on par with last year.
  • Sow Slaughter: 46,204, reflecting a 9.0% decline from the previous year.
  • CME Lean Hog Futures (February 2025): Closed at $81.13/cwt, continuing a downward trend from earlier weeks.
  • Pork Carcass Cutout Value: $90.45/cwt, slightly up from the previous week’s $89.72/cwt.

Feed Market

  • Corn Prices: Rose to $4.8425/bushel, up from $4.7050 the previous week.
  • Soybean Prices: Increased to $10.3400/bushel.
  • Western Ontario Feed Corn: Reached $267.15/tonne, showing steady growth.

Additional Notes

  • U.S. imports from Canada included 95,353 feeder pigs and 23,482 market pigs this week.
  • Biosecurity and disease management remain critical as winter conditions challenge hog health and transportation logistics.

For further details and comprehensive data, visit onswine.wordpress.com.