Better Pork |February 2024

36 Pork News & Views Better Pork April 2021 February 2024 Pork News & Views Ontario Ministry of Agriculture, Food and Rural Affairs Swine Budget – December 2023 Compiled by Jaydee Smith, Swine Specialist, OMAFRA jaydee.smith@ontario.ca Income ($/pig) Farrow to Wean Nursery Grow-Finish Farrow to Finish Market Pig @ 101% of Base Price $201.16/ckg, 110 index, 103.71 kg plus $2 premium $199.21 Variable Costs ($/pig) Breeding Herd Feed @ 1,100 kg/sow $19.29 $21.16 Nursery Feed @ 33.5 kg/pig $21.04 $22.18 Grower-Finisher Feed @ 296 kg/pig $114.56 $114.56 Net Replacement Cost for Gilts $3.75 $4.12 Health (Vet & Supplies) $2.30 $2.25 $0.56 $5.45 Breeding (A.I. & Supplies) $1.91 $2.09 Marketing, Grading, Trucking $1.25 $1.90 $8.01 $11.38 Utilities (Hydro, Gas) $2.77 $1.63 $2.51 $7.27 Miscellaneous $1.02 $0.10 $0.20 $1.43 Repairs & Maintenance $1.88 $0.85 $2.98 $5.95 Labour $6.93 $2.04 $4.58 $14.33 Operating Loan Interest $0.66 $0.85 $2.83 $4.46 Total Variable Costs $41.46 $30.68 $136.24 $214.37 Fixed Costs ($/pig) Depreciation $6.27 $2.85 $9.95 $19.83 Interest $1.76 $0.80 $2.79 $5.55 Taxes & Insurance $1.88 $0.85 $2.98 $5.95 Total Fixed Costs $9.91 $4.50 $15.72 $31.33 Summary of Costs ($/pig) Feed $19.29 $21.04 $114.56 $157.89 Other Variable $22.47 $9.63 $21.68 $56.47 Fixed $9.91 $4.50 $15.72 $31.33 Total Variable & Fixed Costs $51.68 $35.17 $151.96 $245.70 Summary Farrow to Wean Feeder Pig Wean to Finish Farrow to Finish Total Cost ($/pig) $51.68 $88.96 $189.02 $245.70 Net Return Farrow to Finish ($/pig) ‐$46.49 Farrow to Finish Breakeven Base Price ($/ckg, 100 index) includes 101% Base Price & $2 Premium $204.14 Farrow to Finish Breakeven Base Price ($/ckg, 100 index) excludes 101% Base Price & $2 Premium $207.88 This is the estimated accumulated cost for a market hog sold during the month of December 2023. The farrow to wean phase estimates the weaned pig cost for July 2023 and the nursery phase estimates the feeder pig cost for September 2023. For further details, refer to the “2023 Swine Budget Infosheet” posted at: https://onswine.wordpress.com

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