Ontario Market Traits:
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100% Base Method Value continued its regular climb, reaching $229.79/ckg, up from $225.73 the earlier week.
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Common dressed hog value hit $261.63/ckg, with excessive costs nearing $288.29/ckg.
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Dressed weights barely declined to 106.34 kg.
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Market hog volumes stay sturdy at 114,825 head, up 5% from the earlier yr.
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Weaned pig values rose to $59.75/pig, and feeder pig values hit $94.79/pig, persevering with a sturdy seasonal development.
Canadian Snapshot:
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Slaughter volumes at 432,350 are at 103% of final yr’s tempo, exhibiting continued power in throughput.
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Quebec Pool Value rose to $210.02/ckg, whereas Manitoba’s hog worth climbed to $235.44/ckg.
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The Canadian greenback edged down to $0.7154 USD, barely weaker than the prior week.
U.S. Market Indicators:
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Federally inspected slaughter held regular at 2.41 million head, flat in contrast to final yr.
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Sow slaughter rose barely (1.3% enhance year-over-yr).
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Early weaned pig money costs held agency at $49.66/pig, exhibiting demand stability.
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CME lean hog futures confirmed power, with July futures climbing to $104.18/cwt and August at $103.63/cwt.
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Pork cutout values additionally noticed positive aspects, with July cutout futures leaping to $110.45/cwt.
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USDA pork carcass cutout rose to $98.10/cwt, nearing triple digits.
Feed Market Insights:
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Corn and soybean markets stay comparatively steady.
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Western Ontario feed corn closed at $253.24/tonne, whereas soybean meal was up barely at $473.89/tonne.
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DDGS costs continued to agency, reaching $255/tonne FOB Sarnia/Aylmer.
Cross-Border Pig Motion:
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Canada exported 104,872 feeder pigs to the U.S., primarily via Montana and North Dakota.
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Market pig exports totaled 22,590 head, with the bulk getting into via Michigan and New York.
