The latest Weekly Hog Market Facts, compiled by Jaydee Smith, Swine Specialist with OMAFRA, highlight key trends and developments in the Ontario, Canadian, and U.S. markets for the week ending January 10, 2025:
Ontario Market
- Base Formula Price: Dropped to $210.54/cwt, down from $218.23/cwt the previous week.
- Average Dressed Weight: Increased to 109.90 kg, reflecting a steady trend over recent weeks.
- Market Hogs Sold: Totaled 87,860, representing 91% of the volume from the same period last year.
- Pig Values: Weaned pig value declined slightly to $54.74, while feeder pig value dropped to $86.85.
Canadian Market
- Hog Slaughter: Recorded 313,979 hogs across provincial and federal plants, 96% of last year’s volume.
- Manitoba Hog Value: Declined to $212.94/cwt, following a strong run in previous weeks.
- Canadian Dollar: Stabilized at $0.6934 USD, a minor increase from the prior week.
U.S. Market
- Federally Inspected Slaughter: Estimated at 2,551,000 hogs, a 17% increase over the same period last year.
- Piglet Prices: Early-weaned pigs averaged $80.50 USD, while 40-pound feeder pigs climbed to $98.98 USD.
- CME Lean Hog Futures: June 2025 contracts rose to $102.58, reflecting strong market optimism.
Feed Market
- Corn Prices: Chicago Corn closed at $4.7050 USD/bushel (March ’25 contract), continuing its upward trend.
- Soybeans: Prices increased to $10.2525 USD/bushel.
- Western Ontario Feed Corn: Climbed to $259.44/tonne, indicating rising input costs for producers.
These figures highlight shifting market dynamics, with fluctuations in pricing and slaughter volumes across North America. Producers are urged to monitor feed costs and hog values closely to optimize operations during this volatile period.
For more details, visit OMAFRA’s Weekly Hog Market Facts.
