Ontario Hog Market Trends – Week Ending October 24, 2025

Ontario Pricing

• 100% Formula Base Price: $238.32/ckg (100 index)

  • Down from last week, marking the fourth consecutive weekly decline

• Weaned Pig Price (derived): $61.96/head

• Feeder Pig Price (derived): $98.31/head

Canadian Market Indicators

• Quebec Base Price: $224.45/ckg

• Canadian Dollar: US$0.7136 — continued weakness providing support to export competitiveness

U.S. Reference Markets

• CME Constructed Lean Hog Index: $93.93/cwt

• Pork Cutout: $100.97/cwt — easing slightly as supplies move seasonally higher

Feed Ingredient Prices (Ontario)

• Corn (Dec ’25 Futures): $4.23/bu

• Soybeans (Nov ’25 Futures): $10.41/bu

• Soymeal (Hamilton): $495/tonne — notable increase week-over-week

• Ontario Feed Corn Equivalent: $246.78/tonne

• DDGS: $255/tonne

Futures Outlook