Weekly Hog Market Update: Ontario Prices Rise, U.S. Slaughter Sees Stability

Introduction: The latest hog market data, compiled by Jaydee Smith from the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA), provides insights into pricing trends, slaughter statistics, and regional variations in the swine industry for the week ending November 1, 2024. Ontario Market Overview: Ontario’s hog market continues to show strength with the 100% base formula price reaching $219.71 per ckg, up from $212.73 the previous week. This price is significantly higher than last year’s $191.79 for the same period, reflecting increased demand and higher production costs. The average dressed weight for hogs rose slightly to 106.34 kg, with total market hogs sold at 119,611, representing 101% of last year’s volume. Canadian Market Trends: In Canada, the Quebec Pool Price rose to $223.05 per ckg, and the Manitoba calculated hog value increased to $226.17 per ckg, indicating robust pricing across provinces. Hog slaughter rates were steady, with 423,339 hogs processed, a sli