The hog market continues to reflect strong trends in both pricing and supply, with steady demand across Canada and the U.S. Here’s a breakdown of key updates from this week’s report:
Ontario Market Trends
Base Formula Price: $220.46/cwt (↑ from...
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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...
Lean hog futures are trading with losses of as little as 7 cents to the limit $4 lower. The national average base hog negotiated price was not reported on Monday morning due to low volume. The CME Lean Hog Index was...
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Ontario Market
100% Base Formula Price: $216.08 per ckg (up from $212.26 last week)
Average Price (Dressed Weight Total Value): $249.28 per ckg
Market Hogs Sold: 121,964 (103% of last year's sales)
Weaned Pig Value: $56.18 per pig
Feeder...
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For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
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...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
The USDA's December Quarterly Hogs and Pigs report, released on December 23, 2024, provides a comprehensive look at the current state of the U.S. pork industry and its outlook for 2025. The report reveals a steady industry with notable...