35 Pork News & Views Pork News & Views Ontario Ministry of Agriculture, Food and Rural Affairs Better Pork | April 2024 Month May‘23 June ‘23 Jul ‘23 Aug‘23 Sep ‘23 Oct ‘23 Nov‘23 Dec ‘23 2023 Jan ‘24 Feb '24 100% Formula Price ($/ckg, 100 index) $187.85 $208.78 $242.13 $247.89 $213.63 $201.16 $188.23 $165.20 $199.04 $162.88 $182.18 * Same Month - Previous year $236.90 $250.21 $268.18 $281.07 $240.50 $231.84 $216.77 $200.13 $230.93 $182.21 $181.87 Average price ($/ckg, DW total value) $220.90 $233.54 $276.70 $287.75 $255.94 $242.12 $232.31 $215.11 $236.01 $220.84 $230.88 Low price ($/ckg, DW total value) $193.83 $210.96 $250.37 $260.01 $250.37 $214.42 $212.40 $186.95 $210.25 $180.79 $202.74 High price ($/ckg, DW total value) $268.90 $276.36 $301.79 $309.60 $287.60 $276.99 $257.23 $245.62 $274.70 $255.62 $256.73 Ontario Market Hog Sales 404,308 501,884 402,143 401,218 522,335 443,151 446,539 522,627 5,511,169 454,795 444,972 *% Change Same Weeks - Previous year 5.4% 12.8% 3.6% 4.5% 2.8% 5.1% 2.4% 3.4% 4.5% 2.9% 2.6% Average Carcass Weight (kg) 104.85 104.37 103.63 103.71 105.78 107.22 107.66 107.45 106.00 109.61 108.21 Weaned Pigs ($/pig, 5 kg; 26%xFormula) $48.84 $54.28 $62.96 $64.45 $55.55 $52.30 $48.94 $42.95 $52.79 $42.35 $47.37 Feeder Pigs ($/pig, 25 kg; 42.5%xFormula) $77.49 $86.12 $99.88 $102.25 $88.12 $82.98 $77.65 $68.15 $83.75 $67.19 $75.15 Value of Canadian Dollar (US$) $0.7403 $0.7505 $0.7565 $0.7436 $0.7385 $0.7304 $0.7272 $0.7438 $0.7411 $0.7454 $0.7419 * Same Month - Previous year $0.7769 $0.7822 $0.7734 $0.7755 $0.7521 $0.7298 $0.7438 $0.7362 $0.7692 $0.7443 $0.7447 Prime Interest Rate at End of Month 6.70% 6.95% 7.20% 7.20% 7.20% 7.20% 7.20% 7.20% 6.97% 7.20% 7.20% Corn (farm price) - $/tonne $270.61 $279.62 $256.99 $249.16 $256.16 $242.48 $224.23 $217.50 $269.74 $211.83 $202.45 * Same Month - Previous year $374.35 $362.38 $334.63 $311.22 $330.19 $340.83 $325.48 $316.36 $296.84 $319.90 $321.71 Soybean Meal (Hamilton + $25)-$/tonne $678.12 $647.98 $678.04 $694.64 $665.97 $642.17 $744.36 $715.26 $706.75 $587.62 $576.12 * Same Month - Previous year $683.49 $696.64 $780.17 $797.33 $773.44 $724.92 $715.87 $756.12 $725.46 $737.57 $771.79 Corn - Western Ontario Feed - $/tonne $286.10 $300.29 $278.73 $272.09 $284.35 $278.26 $245.28 $238.28 $292.80 $230.75 $219.85 * Same Month - Previous year $399.84 $382.41 $341.44 $324.20 $361.46 $366.24 $346.05 $342.07 $356.37 $344.46 $346.90 DDGS ($/tonne) $382.50 $305.20 $300.00 $302.50 $318.80 $317.50 $306.05 $285.00 $332.90 $278.68 $267.75 * Same Month - Previous year $401.88 $367.13 $332.00 $307.38 $295.90 $335.83 $363.16 $358.00 $344.37 $367.89 $368.75 Summary of OMAFRA Swine Budget ($/pig, Farrow to Finish) Value of Market Hog $220.82 $244.09 $280.77 $287.62 $253.06 $241.62 $227.14 $199.21 $236.40 $200.35 $221.02 Feed Cost $176.36 $171.23 $165.70 $161.73 $162.79 $162.30 $161.21 $157.89 $171.81 $157.12 $150.46 Other Variable Costs $54.30 $54.67 $54.78 $54.99 $54.84 $55.02 $55.65 $56.47 $54.93 $58.84 $58.78 Fixed Costs $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $33.42 $33.42 Total Costs $261.99 $257.23 $251.81 $248.05 $248.96 $248.65 $248.19 $245.70 $258.07 $249.37 $242.66 Net Return -$41.17 -$13.14 $28.96 $39.57 $4.10 ‐$7.03 -$21.05 -$46.49 -$21.67 ‐$49.02 -$21.64 Ontario Monthly Hog Market Facts Compiled by Jaydee Smith, OMAFRA jaydee.smith@ontario.ca For data sources and explanation of the various reported items, refer to the “Notes for the Weekly Hog Market Facts” available at onswine.wordpress.com.
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