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February Lean Hogs opened higher and broke down to the session low at 83.675....
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Margins were flat to slightly weaker over the first half of December as hog prices declined from fresh contract highs in late November while projected feed costs were steady to a bit firmer. The cash hog market has seasonally...
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This week’s hog market data, compiled by Jaydee Smith, Swine Specialist at OMAFA, highlights key market trends and movements impacting the pork industry for the week ending December 13, 2024.
In the Ontario market, the 100% base formula price increased...
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To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
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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...
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