Compiled by Jaydee Smith | Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA)
🇨🇦 Canadian Market Highlights
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Ontario 100% Base Formula Price:
Dropped to $214.40/ckg, continuing a five-week slide from $231.20 on March 21. -
Quebec Pool Price:
Down to $197.68/ckg, showing notable pressure from last month’s levels. -
Manitoba Hog Value:
Reported at $234.17/ckg, holding firmer than Ontario and Quebec values. -
Weaned and Feeder Pig Values:
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Weaned Pigs: $55.74/pig
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Feeder Pigs: $88.44/pig
Both showing slight declines as market prices dip.
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Slaughter Volume:
National slaughter numbers totaled 444,917, maintaining a high 110% of last year’s volume. -
Canadian Dollar:
Ended the week at $0.7217 USD, up from $0.6970 on March 21, potentially influencing export competitiveness.
🇺🇸 U.S. Market Trends
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CME Lean Hog Futures (June 2025):
Rebounded to $98.03/cwt, up from $87.61 two weeks prior. -
Pork Cutout Value:
Closed at $93.27/cwt, relatively steady versus the previous week. -
Early Weaned Pig Prices:
Continued to soften:-
Cash-Based: $41.68/pig
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Formula-Based: $48.47/pig
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Feeder Pigs (40 lb):
$82.81/pig, reflecting seasonal pressure and cautious buying. -
U.S. Slaughter:
Estimated at 2.38 million head, down slightly from the previous week.
🌽 Ontario Feed Market Update
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Corn (Old Crop – Farm Price):
Closed at $244.77/tonne, slightly down from last week’s $252.06. -
Soybeans:
$10.2950 USD/bushel for May ’25 contracts, showing stability after prior volatility. -
Soybean Meal:
$472.79/tonne (Hamilton) – continues trending lower. -
DDGS:
Held steady at $245/tonne, with no weekly change reported.
🚚 Pig Movement to U.S.
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Feeder Pig Exports to U.S.:
92,600 head-
Montana & North Dakota: 70,848
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Michigan & New York: 21,752
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Market Hogs Exported:
24,084 head -
Sows & Boars for Slaughter:
6,537 head exported.
🔍 Summary
Ontario’s hog market continues to soften amid seasonal supply increases and cautious demand. Prices fell for the fifth consecutive week, while slaughter volumes remain strong. In the U.S., futures rebounded slightly, though early pig prices show continued weakness. The Canadian dollar’s uptick may add pressure on domestic packers in export markets. Feed costs show marginal easing but remain volatile, especially with new crop considerations.
For more detailed weekly data and market insights, visit: onswine.wordpress.com
