35 Pork News & Views Pork News & Views Ontario Ministry of Agriculture, Food and Rural Affairs Better Pork | February 2024 Month Jan ‘23 Feb ‘23 Mar ‘23 Apr ‘23 May‘23 June ‘23 Jul ‘23 Aug‘23 Sep ‘23 Oct ‘23 Nov‘23 Dec ‘23 2023 100% Formula Price ($/ckg, 100 index) $182.21 $181.87 $193.69 $175.86 $187.85 $208.78 $242.13 $247.89 $213.63 $201.16 $188.23 $165.20 $199.04 * Same Month - Previous year $173.85 $209.08 $231.06 $231.56 $236.90 $250.21 $268.18 $281.07 $240.50 $231.84 $216.77 $200.13 $230.93 Average price ($/ckg, DW total value) $213.87 $210.97 $227.16 $215.69 $220.90 $233.54 $276.70 $287.75 $255.94 $242.12 $232.31 $215.11 $236.01 Low price ($/ckg, DW total value) $189.89 $186.56 $202.22 $186.90 $193.83 $210.96 $250.37 $260.01 $250.37 $214.42 $212.40 $186.95 $210.25 High price ($/ckg, DW total value) $263.68 $264.99 $274.63 $268.96 $268.90 $276.36 $301.79 $309.60 $287.60 $276.99 $257.23 $245.62 $274.70 Ontario Market Hog Sales 441,841 433,530 561,961 429,632 404,308 501,884 402,143 401,218 522,335 443,151 446,539 522,627 5,511,169 *% Change Same Weeks - Previous year 5.5% 1.5% 3.2% 4.7% 5.4% 12.8% 3.6% 4.5% 2.8% 5.1% 2.4% 3.4% 4.5% Average Carcass Weight (kg) 108.17 106.85 106.42 105.87 104.85 104.37 103.63 103.71 105.78 107.22 107.66 107.45 106.00 Weaned Pigs ($/pig, 5 kg; 26%xFormula) $59.84 $47.29 $50.36 $45.72 $48.84 $54.28 $62.96 $64.45 $55.55 $52.30 $48.94 $42.95 $52.79 Feeder Pigs ($/pig, 25 kg; 42.5%xFormula) $94.94 $75.02 $79.90 $72.54 $77.49 $86.12 $99.88 $102.25 $88.12 $82.98 $77.65 $68.15 $83.75 Value of Canadian Dollar (US$) $0.7443 $0.7447 $0.7313 $0.7416 $0.7403 $0.7505 $0.7565 $0.7436 $0.7385 $0.7304 $0.7272 $0.7438 $0.7411 * Same Month - Previous year $0.7928 $0.7863 $0.7880 $0.7932 $0.7769 $0.7822 $0.7734 $0.7755 $0.7521 $0.7298 $0.7438 $0.7362 $0.7692 Prime Interest Rate at End of Month 6.70% 6.70% 6.70% 6.70% 6.70% 6.95% 7.20% 7.20% 7.20% 7.20% 7.20% 7.20% 6.97% Corn (farm price) - $/tonne $319.90 $321.71 $303.84 $294.72 $270.61 $279.62 $256.99 $249.16 $256.16 $242.48 $224.23 $217.50 $269.74 * Same Month - Previous year $293.19 $308.48 $342.68 $361.41 $374.35 $362.38 $334.63 $311.22 $330.19 $340.83 $325.48 $316.36 $296.84 Soybean Meal (Hamilton + $25)-$/tonne $737.57 $771.79 $776.13 $728.95 $678.12 $647.98 $678.04 $694.64 $665.97 $642.17 $744.36 $715.26 $706.75 * Same Month - Previous year $631.68 $697.31 $715.77 $732.79 $683.49 $696.64 $780.17 $797.33 $773.44 $724.92 $715.87 $756.12 $725.46 Corn - Western Ontario Feed - $/tonne $344.46 $346.90 $326.69 $312.12 $286.10 $300.29 $278.73 $272.09 $284.35 $278.26 $245.28 $238.28 $292.80 * Same Month - Previous year $312.03 $331.20 $368.67 $387.86 $399.84 $382.41 $341.44 $324.20 $361.46 $366.24 $346.05 $342.07 $356.37 DDGS ($/tonne) $367.89 $368.75 $364.60 $376.00 $382.50 $305.20 $300.00 $302.50 $318.80 $317.50 $306.05 $285.00 $332.90 * Same Month - Previous year $293.50 $337.75 $358.75 $381.20 $401.88 $367.13 $332.00 $307.38 $295.90 $335.83 $363.16 $358.00 $344.37 Summary of OMAFRA Swine Budget ($/pig, Farrow to Finish) Value of Market Hog $220.97 $217.90 $231.00 $208.85 $220.82 $244.09 $280.77 $287.62 $253.06 $241.62 $227.14 $199.21 $236.40 Feed Cost $188.21 $185.59 $184.61 $182.02 $176.36 $171.23 $165.70 $161.73 $162.79 $162.30 $161.21 $157.89 $171.81 Other Variable Costs $54.13 $54.78 $54.91 $54.47 $54.30 $54.67 $54.78 $54.99 $54.84 $55.02 $55.65 $56.47 $54.93 Fixed Costs $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 $31.33 Total Costs $273.67 $271.70 $270.85 $267.82 $261.99 $257.23 $251.81 $248.05 $248.96 $248.65 $248.19 $245.70 $258.07 Net Return -$52.70 -$53.80 -$39.85 -$58.97 -$41.17 -$13.14 $28.96 $39.57 $4.10 ‐$7.03 -$21.05 -$46.49 -$21.67 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. Ontario Monthly Hog Market Facts Compiled by Jaydee Smith, OMAFRA jaydee.smith@ontario.ca
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