53 Pork News & Views Pork News & Views Ontario Ministry of Agriculture, Food and Rural Affairs Better Pork | June 2024 Swine Budget – April 2024 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 $221.12/ckg, 110 index, 107.07 kg plus $2 premium $265.03 Variable Costs ($/pig) Breeding Herd Feed @ 1,100 kg/sow $17.86 $19.59 Nursery Feed @ 33.5 kg/pig $19.96 $21.03 Grower-Finisher Feed @ 295 kg/pig $100.20 $100.20 Net Replacement Cost for Gilts $3.22 $3.53 Health (Vet & Supplies) $2.38 $2.30 $0.57 $5.60 Breeding (A.I. & Supplies) $1.91 $2.09 Marketing, Grading, Trucking $1.50 $2.00 $9.01 $12.76 Utilities (Hydro, Gas) $2.83 $1.66 $2.56 $7.41 Miscellaneous $1.04 $0.10 $0.20 $1.45 Repairs & Maintenance $2.06 $0.92 $3.11 $6.34 Labour $6.93 $2.04 $4.58 $14.33 Operating Loan Interest $0.66 $0.84 $2.62 $4.23 Total Variable Costs $40.39 $29.83 $122.86 $198.59 Fixed Costs ($/pig) Depreciation $6.86 $3.08 $10.38 $21.15 Interest $1.92 $0.86 $2.91 $5.92 Taxes & Insurance $2.06 $0.92 $3.11 $6.34 Total Fixed Costs $10.84 $4.86 $16.40 $33.42 Summary of Costs ($/pig) Feed $17.86 $19.96 $100.20 $140.83 Other Variable $22.52 $9.87 $22.66 $57.76 Fixed $10.84 $4.86 $16.40 $33.42 Total Variable & Fixed Costs $51.23 $34.70 $139.26 $232.01 Summary Farrow to Wean Feeder Pig Wean to Finish Farrow to Finish Total Cost ($/pig) $51.23 $88.02 $175.82 $232.01 Net Return Farrow to Finish ($/pig) $33.02 Farrow to Finish Breakeven Base Price ($/ckg, 100 index) includes 101% Base Price & $2 Premium $193.36 Farrow to Finish Breakeven Base Price ($/ckg, 100 index) excludes 101% Base Price & $2 Premium $196.99 This is the estimated accumulated cost for a market hog sold during the month of April 2024. The farrow to wean phase estimates the weaned pig cost for November 2023 and the nursery phase estimates the feeder pig cost for January 2024. For further details, referto the “2024 Swine Budget Infosheet” posted at: https://onswine.wordpress.com
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