Source: OMAFRA, Compiled by Jaydee Smith
As March closes out, hog markets in both Canada and the U.S. saw modest shifts, with pricing slightly down in Ontario and U.S. markets, while feed costs showed minor movement.
🇨🇦 Canadian Highlights:
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Ontario 100% Base Price fell to $230.15/ckg, continuing a gentle decline from earlier in the month.
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Average dressed hog price settled at $263.21/ckg, with a low of $238.66 and a high of $280.86.
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Market hog numbers remained strong with 124,754 head sold, up 6% over last year.
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Weaned pig values dropped slightly to $59.84/pig, while feeder pigs eased to $94.94/pig.
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Quebec pool price held steady at $213.63/ckg, while Manitoba’s value closed at $238.07/ckg.
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Prime interest rate remained unchanged at 4.95%.
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The Canadian dollar edged up slightly to $0.6990 USD, still well below last year’s $0.7380.
🇺🇸 U.S. Market Snapshot:
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Federally inspected slaughter rebounded to 2.48 million head, a 4% increase over last year.
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Sow slaughter continues to trend lower, down 4.5% year-over-year.
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Early weaned pig prices slipped again to $51.44 USD/pig, while 40 lb feeder pigs dropped to $99.52 USD/pig.
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CME Lean Hog Futures showed stability with April closing at $86.70 USD/cwt, and June at $95.78.
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Pork cutout futures climbed, with April finishing at $98.08 USD/cwt.
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USDA pork carcass cutout value also ticked up to $96.39, continuing a mild upward trend.
🌽 Feed Market Trends:
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Soybean meal prices decreased slightly to $477.86/tonne in Hamilton.
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Western Ontario corn dropped to $249.82/tonne, while new crop corn eased to $225.38.
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Chicago corn futures for May closed at $4.5325 USD/bu, and soybeans at $10.23 USD/bu.
🐷 Cross-Border Pig Flow:
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Feeder pig imports into the U.S. totaled 95,002, mainly through Montana and Michigan routes.
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Market hog imports dropped slightly to 24,463, and sow/boar slaughter imports came in at 6,156 head.
For ongoing updates and full data details, visit onswine.wordpress.com.
