Weekly Swine Market Highlights for Week Ending December 27, 2024 – Swineweb.com

Market Overview
The week ending December 27, 2024, confirmed energy within the Ontario and U.S. hog markets regardless of seasonal fluctuations. Ontario’s base system worth closed at $221.16/cwt, a gentle climb in comparison with the earlier weeks, and considerably increased than the $156.72/cwt recorded throughout the identical interval final yr. In the meantime, U.S. federally inspected slaughter numbers dipped to 2,051,000 head, representing 92% of the earlier yr’s ranges.

Ontario Market Highlights

• Base Components Value: $221.16/cwt, persevering with an upward development.
• Common Dressed Weight: 107.17 kg, holding regular with minimal fluctuation over current weeks.
• Weaned Pig Worth: $57.50, reflecting a small however constant improve.
• Feeder Pig Worth: $91.23, up from $89.99 the prior week.

U.S. Market Highlights

• Early Weaned Pig Costs: Money-based costs averaged $76.72, displaying sturdy progress week-over-week.
• Feeder Pig Costs: Money-based common was $88.19, holding regular.
• USDA Pork Carcass Cutout Worth: Closed at $95.13/cwt, sustaining a sturdy place in comparison with the identical week in 2023.

Canadian Market Insights

• Hog Slaughter: 428,569 head, barely beneath common however up 7% in comparison with final yr’s ranges.
• Manitoba Hog Worth: $229.55/cwt, persevering with to steer Canadian provinces in pricing.
• Canadian Greenback: Closed at $0.6937 USD, down barely from final week, contributing to aggressive export alternatives.

Feed Market Highlights

• Corn Costs: Chicago corn futures for March 2025 settled at $4.54/bushel.
• Soybean Meal: Costs climbed to $530.11/tonne, reflecting heightened demand and seasonal developments.
• Western Ontario Feed Corn: Reached $253.83/tonne, signaling incremental will increase in feed prices.

Business Focus: Tendencies to Watch in 2025

1. Rising Feed Prices: As feed markets present upward developments, producers will want methods to optimize feeding effectivity.
2. Sustained Pork Demand: Home and worldwide pork costs stay sturdy, presenting alternatives for progress.
3. Hearth Prevention Improvements: Infrastructure investments, akin to these from Ag Property Options, might handle important challenges like facility security.

Keep tuned to Swine Net for the newest market updates, trade developments, and skilled insights to information your 2025 methods.