Ontario Market Trends:
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100% Base Formula Price continued its steady climb, reaching $229.79/ckg, up from $225.73 the previous week.
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Average dressed hog price hit $261.63/ckg, with high prices nearing $288.29/ckg.
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Dressed weights slightly declined to 106.34 kg.
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Market hog volumes remain strong at 114,825 head, up 5% from the previous year.
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Weaned pig values rose to $59.75/pig, and feeder pig values hit $94.79/pig, continuing a strong seasonal trend.
Canadian Snapshot:
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Slaughter volumes at 432,350 are at 103% of last year’s pace, showing continued strength in throughput.
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Quebec Pool Price rose to $210.02/ckg, while Manitoba’s hog value climbed to $235.44/ckg.
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The Canadian dollar edged down to $0.7154 USD, slightly weaker than the prior week.
U.S. Market Indicators:
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Federally inspected slaughter held steady at 2.41 million head, flat compared to last year.
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Sow slaughter rose slightly (1.3% increase year-over-year).
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Early weaned pig cash prices held firm at $49.66/pig, showing demand stability.
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CME lean hog futures showed strength, with July futures climbing to $104.18/cwt and August at $103.63/cwt.
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Pork cutout values also saw gains, with July cutout futures jumping to $110.45/cwt.
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USDA pork carcass cutout rose to $98.10/cwt, nearing triple digits.
Feed Market Insights:
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Corn and soybean markets remain relatively stable.
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Western Ontario feed corn closed at $253.24/tonne, while soybean meal was up slightly at $473.89/tonne.
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DDGS prices continued to firm, reaching $255/tonne FOB Sarnia/Aylmer.
Cross-Border Pig Movement:
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Canada exported 104,872 feeder pigs to the U.S., primarily through Montana and North Dakota.
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Market pig exports totaled 22,590 head, with the bulk entering through Michigan and New York.
