Market Overview The week ending December 27, 2024, showed strength in the Ontario and U.S. hog markets despite seasonal fluctuations. Ontario’s base formula price closed at $221.16/cwt, a steady climb compared to the previous weeks, and significantly higher than the $156.72/cwt recorded during the same period last year. Meanwhile, U.S. federally inspected slaughter numbers dipped to 2,051,000 head, representing 92% of the previous year’s levels. Ontario Market Highlights Base Formula Price: $221.16/cwt, continuing an upward trend. Average Dressed Weight: 107.17 kg, holding steady with minimal fluctuation over recent weeks. Weaned Pig Value: $57.50, reflecting a small but consistent increase. Feeder Pig Value: $91.23, up from $89.99 the prior week. U.S. Market Highlights Early Weaned Pig Prices: Cash-based prices averaged $76.72, showing strong growth week-over-week. Feeder Pig Prices: Cash-based average was $88.19, holding steady. USDA Pork Carcass Cutout Value: Closed at $95.13/cwt
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