Ontario Market Overview:
- Base Formula Price: Rose slightly to $227.02 per ckg, up from $226.88 the previous week.
- Average Dressed Weight: Slightly declined to 106.56 kg.
- Weaned Pig Value: Increased to $59.03 per pig.
- Feeder Pig Value: Reached $93.65 per pig.
- Market Hogs Sold: Totaled 121,046, up 6% from last year.
Canadian Market Overview:
- Hog Slaughter: Reached 441,927 head, marking a 5% increase year-over-year.
- Quebec Pool Price: Declined to $221.54 per ckg from $229.51.
- Canadian Dollar: Decreased to $0.7103 USD.
U.S. Market Overview:
- Federally Inspected Slaughter: Estimated at 2,633,000, representing a slight year-over-year decline.
- Early Weaned Pigs (Formula-Based Avg.): Rose to $58.74 USD per pig.
- 40-Pound Feeder Pigs (Cash-Based Avg.): Increased to $69.35 USD per pig.
- CME Lean Hog Futures (Dec 2024): Closed at $79.50 USD per cwt.
- USDA Pork Carcass Cutout Value: Dropped to $97.52 USD per cwt.
Feed Market:
- Corn (Dec ‘24): Closed at $4.24 USD per bushel.
- Soybeans (Jan ‘25): Slightly down to $9.985 USD per bushel.
- Soybean Meal: Priced at $524.27 per tonne.
For more detailed insights, visit OMAFRA’s Weekly Hog Market Facts.
