35 Pork News & Views Pork News & Views Better Pork | October 2024 Ministry of Agriculture, Food and Agribusiness 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. Month Dec ‘23 2023 Jan ‘24 Feb '24 Mar ‘24 Apr '24 May '24 Jun '24 1st 6 mo. Jul '24 Aug'24 100% Formula Price ($/ckg, 100 index) $165.20 $199.04 $162.88 $182.18 $201.25 $221.12 $226.05 $225.49 $203.16 $221.77 $224.07 * Same Month - Previous year $200.13 $230.93 $182.21 $181.87 $193.69 $175.86 $187.85 $208.78 $188.38 $242.13 $247.89 Average price ($/ckg, DW total value) $215.11 $236.01 $220.84 $230.88 $240.05 $257.61 $261.76 $264.48 $245.94 $258.48 $264.06 Low price ($/ckg, DW total value) $186.95 $210.25 $180.79 $202.74 $215.38 $230.07 $235.49 $236.13 $216.77 $231.95 $232.86 High price ($/ckg, DW total value) $245.62 $274.70 $255.62 $256.73 $267.39 $285.27 $285.36 $287.57 $272.99 $287.57 $287.57 Ontario Market Hog Sales 522,627 5,511,169 454,795 444,972 551,769 449,971 524,240 414,081 2,839,828 403,262 545,682 *% Change Same Weeks - Previous year 3.4% 4.5% 2.9% 2.6% -1.8% 4.7% 3.8% 3.2% 2.4% 3.0% 7.5% Average Carcass Weight (kg) 107.45 106.00 109.61 108.21 107.34 107.07 105.38 104.83 107.07 104.29 106.38 Weaned Pigs ($/pig, 5 kg; 26%xFormula) $42.95 $52.79 $42.35 $47.37 $52.66 $57.49 $58.77 $58.63 $52.88 $57.66 $58.26 Feeder Pigs ($/pig, 25 kg; 42.5%xFormula) $68.15 $83.75 $67.19 $75.15 $83.01 $91.21 $93.25 $93.02 $83.81 $91.48 $92.43 Value of Canadian Dollar (US$) $0.7438 $0.7411 $0.7454 $0.7419 $0.7385 $0.7315 $0.7315 $0.7295 $0.7364 $0.7304 $0.7309 * Same Month - Previous year $0.7362 $0.7692 $0.7443 $0.7447 $0.7313 $0.7416 $0.7403 $0.7505 $0.7421 $0.7565 $0.7436 Prime Interest Rate at End of Month 7.20% 6.97% 7.20% 7.20% 7.20% 7.20% 7.20% 6.95% 7.16% 6.70% 6.70% Corn (farm price) - $/tonne $217.50 $269.74 $211.83 $202.45 $200.71 $202.65 $211.54 $211.77 $206.83 $201.07 $201.09 * Same Month - Previous year $316.36 $296.84 $319.90 $321.71 $303.84 $294.72 $270.61 $279.62 $298.40 $256.99 $249.16 Soybean Meal (Hamilton + $25)-$/tonne $715.26 $706.75 $587.62 $576.12 $563.29 $560.34 $613.34 $622.61 $587.22 $609.39 $632.97 * Same Month - Previous year $756.12 $725.46 $737.57 $771.79 $776.13 $728.95 $678.12 $647.98 $723.42 $678.04 $694.64 Corn - Western Ontario Feed - $/tonne $238.28 $292.80 $230.75 $219.85 $218.36 $222.67 $237.75 $233.89 $227.21 $222.93 $222.61 * Same Month - Previous year $342.07 $356.37 $344.46 $346.90 $326.69 $312.12 $286.10 $300.29 $319.43 $278.73 $272.09 DDGS ($/tonne) $285.00 $332.90 $278.68 $267.75 $246.80 $252.73 $249.15 $211.25 $251.06 $205.00 $205.00 * Same Month - Previous year $358.00 $344.37 $367.89 $368.75 $364.60 $376.00 $382.50 $305.20 $360.82 $300.00 $302.50 Summary of OMAFA Swine Budget ($/pig, Farrow to Finish) Value of Market Hog $199.21 $236.40 $200.35 $221.02 $242.00 $265.03 $266.65 $264.62 $243.28 $258.96 $266.82 Feed Cost $157.89 $171.81 $157.12 $150.46 $145.12 $140.83 $137.93 $137.74 $144.87 $137.23 $140.78 Other Variable Costs $56.47 $54.93 $58.84 $58.78 $58.47 $57.25 $58.78 $57.40 $58.08 $57.38 $56.83 Fixed Costs $31.33 $31.33 $33.42 $33.42 $33.42 $33.42 $33.42 $33.42 $33.42 $33.42 $33.42 Total Costs $245.70 $258.07 $249.37 $242.66 $237.00 $232.01 $228.59 $228.56 $236.37 $228.02 $231.03 Net Return -$46.49 -$21.67 ‐$49.02 -$21.64 $5.00 $33.02 $38.06 $36.06 $6.91 $30.94 $35.79 Ontario Monthly Hog Market Facts Compiled by Jaydee Smith, OMAFA jaydee.smith@ontario.ca
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