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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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he Chicago Mercantile Exchange (CME) saw divergent trends on Monday, with feeder cattle futures retreating after a strong rally and lean hog futures advancing on robust wholesale pork prices.
Feeder Cattle and Live Cattle Decline After Rally
Feeder cattle futures experienced...
Market showing signs of a change of direction. Outside days, reversals, & breaking trend lines could contribute evidence of the turn. Increasing volume would confirm the change whereas decreasing volume would indicate the move is temporary.
If you know others...
Ontario Market Highlights:
Base Formula Price: Declined slightly to $221.76/cwt, compared to $227.02/cwt the previous week.
Dressed Weight Average: Remained stable at 106.88 kg.
Market Hogs Sold: Totaled 123,399, representing 111% of the volume from the same week last...