Ontario Market Trends
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100% Base Formula Price decreased to $231.20/cwt, down from $233.92/cwt the previous week.
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Market Hogs Sold: 115,802 head, maintaining a consistent 103% of last year’s volume.
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Weaned Pig Value: Slight decline to $60.11 per pig.
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Feeder Pig Value: Dropped to $95.37 per pig, reflecting a minor downward trend.
Canadian Market Highlights
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Hog Slaughter Volume: 436,623 head, representing 105% of last year’s levels.
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Quebec Pool Price: Declined slightly to $213.74/cwt.
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Canadian Dollar: Slight appreciation, closing at $0.6970 USD.
U.S. Market Developments
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Federally Inspected Slaughter: Estimated at 2.43 million head, 96% of last year’s level.
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Sow Slaughter: Continuing a downward trend, showing a -1.2% year-over-year decline.
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Early Weaned Pig Prices: Decreased to $52.02 per pig, reflecting weaker demand.
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40 lb Feeder Pig Prices: Slight drop to $104.53 per pig.
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CME Lean Hog Futures:
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April 2025: $86.13/cwt
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June 2025: $97.48/cwt
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December 2025: $77.03/cwt
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Pork Market & Feed Costs
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USDA Pork Carcass Cutout Value: Marginal decrease to $96.24/cwt.
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Chicago Corn Prices: Increased slightly to $4.64 per bushel.
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Soybean Meal: Lower at $480.95 per tonne.
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Western Ontario Feed Corn: Higher at $256.52 per tonne.
Market Outlook
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Hog prices remain under pressure as demand fluctuations and seasonal trends affect weaned pig values.
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Slaughter rates in Canada remain strong, though the U.S. market shows a slight reduction.
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Feed prices continue to shift, impacting producer margins and cost structures.
Final Thoughts: While the market sees moderate fluctuations in pricing and demand, producers should stay informed on cost management and industry trends to navigate the evolving market landscape.
