Ontario Market Overview:
- 100% Base Formula Price: The base formula price for the week ending October 18, 2024, was $209.42 per ckg, a slight increase from the previous week’s $208.94.
- Average Dressed Weight: The average dressed weight of market hogs was 104.89 kg, down from the previous week.
- Market Hogs Sold: A total of 112,533 market hogs were sold, representing 111% of the previous year’s total.
- Weaned Pig Value: $54.45 per pig, based on 26% of the base formula price.
- Feeder Pig Value: $86.39 per pig, based on 41.25% of the base formula price.
Canadian Market Insights:
- Hog Slaughter: 419,427 hogs were slaughtered across provincial and federal plants, an increase from the previous week.
- Quebec Pool Price: The price reached $207.03 per ckg.
- Canadian Dollar: Valued at $0.7245 USD, slightly lower compared to the previous week.
U.S. Market Highlights:
- Federally Inspected Slaughter: Estimated at 2,613,000 hogs for the week, maintaining a 100% rate compared to the previous year.
- Early Weaned Pigs: Weighted average price increased to $46.14 per pig.
- 40 Pound Feeder Pigs: Cash-based average price rose to $61.61 per pig.
- CME Constructed Price: Closed at $83.95 per cwt.
- Pork Carcass Cutout Value: The value slightly increased to $95.44 per cwt.
Feed Market Summary:
- Chicago Corn: Closing price for December 2024 futures was $4.0475 per bushel.
- Chicago Soybeans: November 2024 futures closed at $9.70 per bushel.
- Soybean Meal (Hamilton): $526.47 per tonne.
- Western Ontario Feed Corn: Price per tonne declined to $216.95.
Import Summary (U.S. Imports from Canada):
- Feeder Pigs: A total of 79,684 pigs were imported, primarily through North Dakota and Michigan.
- Market Pigs: 28,661 pigs were imported, with the majority entering through Michigan and New York.
For further details, data sources, and additional insights, visit onswine.wordpress.com.
