Compiled by Jaydee Smith, OMAFRA Swine Specialist
Ontario hog prices continued to soften heading into mid-October. The 100% Base Formula Price averaged $254.09/ckg, down from $262.21 the previous week — marking the lowest level in five weeks. Despite this dip, prices remain well above year-ago levels ($208.94 in 2024).
The average dressed weight held steady at 107.65 kg, while marketings reached 122,517 head, about 104% of last year’s volume.
Weaned pig and feeder pig values declined slightly to $66.06 and $104.81 per head, respectively.
National & U.S. Overview
Across Canada, slaughter totaled 425,354 head, up 4% from a year ago. The Quebec pool price slipped to $234.49/ckg, and the Manitoba hog value edged down to $264.87/ckg. The Canadian dollar eased to US$0.7143, continuing a mild downward trend.
In the U.S., CME constructed hog prices fell to US$100.40/cwt, with pork cutouts at US$104.85/cwt — both showing steady declines. Early-weaned and 40-lb feeder pigs climbed to US$63.23 and US$80.01 respectively, reflecting sustained demand despite overall market pressure.
Feed Market Snapshot
Feed costs offered slight relief this week:
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Chicago corn closed at US$4.13/bu (down from $4.19)
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Soybean meal at $477.31/tonne (Hamilton)
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Western Ontario feed corn dropped to $258.16/tonne
Futures Outlook
Lean hog futures softened across 2025–26 contracts:
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December 2025 fell to US$84.03/cwt
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June 2026 held around US$100.85/cwt
Pork cutout futures followed a similar easing trend, with December 2025 at US$95.50/cwt.
At a Glance
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Ontario base price down $8.12 from last week
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Marketings 4% higher year-over-year
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Canadian dollar under pressure
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U.S. futures trending lower amid seasonal volatility
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Feed costs easing modestly
