The newest Weekly Hog Market Information, compiled by Jaydee Smith, Swine Specialist with OMAFRA, spotlight key developments and developments within the Ontario, Canadian, and U.S. markets for the week ending January 10, 2025:
Ontario Market
- Base System Value: Dropped to $210.54/cwt, down from $218.23/cwt the earlier week.
- Common Dressed Weight: Elevated to 109.90 kg, reflecting a gradual development over latest weeks.
- Market Hogs Offered: Totaled 87,860, representing 91% of the quantity from the identical interval final yr.
- Pig Values: Weaned pig worth declined barely to $54.74, whereas feeder pig worth dropped to $86.85.
Canadian Market
- Hog Slaughter: Recorded 313,979 hogs throughout provincial and federal crops, 96% of final yr’s quantity.
- Manitoba Hog Worth: Declined to $212.94/cwt, following a robust run in earlier weeks.
- Canadian Greenback: Stabilized at $0.6934 USD, a minor improve from the prior week.
U.S. Market
- Federally Inspected Slaughter: Estimated at 2,551,000 hogs, a 17% improve over the identical interval final yr.
- Piglet Costs: Early-weaned pigs averaged $80.50 USD, whereas 40-pound feeder pigs climbed to $98.98 USD.
- CME Lean Hog Futures: June 2025 contracts rose to $102.58, reflecting robust market optimism.
Feed Market
- Corn Costs: Chicago Corn closed at $4.7050 USD/bushel (March ’25 contract), persevering with its upward development.
- Soybeans: Costs elevated to $10.2525 USD/bushel.
- Western Ontario Feed Corn: Climbed to $259.44/tonne, indicating rising enter prices for producers.
These figures spotlight shifting market dynamics, with fluctuations in pricing and slaughter volumes throughout North America. Producers are urged to observe feed prices and hog values carefully to optimize operations throughout this unstable interval.
For extra particulars, go to OMAFRA’s Weekly Hog Market Information.
