Weekly Hog Market Report: Week Ending May 23, 2025

🐖 Ontario Market Update

The Ontario hog market continued its steady climb, with the 100% Base Formula Price reaching $232.27/cwt, up from $229.79 the previous week. This marks a continued upward trend, outpacing last year’s same-week price of $227.09.

• Average Dressed Price: $265.21/cwt

• Low/High Price Range: $230.08 – $292.23/cwt

• Weaned Pig Value: $60.39/head

• Feeder Pig Value: $95.81/head

• Dressed Weight: Down to 105.46 kg

• Market Hogs Sold: 114,420 (102% of last year)

🍁 Canadian Market Highlights

• Quebec Pool Price surged to $218.66/cwt, its highest level over the past five weeks.

• Manitoba Calculated Hog Value: $239.11/cwt

• Canadian Dollar strengthened to $0.7270 USD, slightly above the previous year.

• National Slaughter: 418,281 hogs, up 3% from last year.

🇺🇸 U.S. Market Trends

• Estimated Weekly Slaughter: 2.36 million hogs, matching last year’s pace.

• CME Constructed Price: $92.44/cwt, rising for the fourth consecutive week.

• USDA Pork Cutout: $100.68/cwt, breaching the $100 threshold for the first time in 2025.

• Early Weaned Pigs: $49.44/head (cash average)

• 40 lb Feeder Pigs: $80.32/head

📉 Futures Market Snapshot (Closing May 23, 2025)