Weekly Hog Margins
Monitored hog margins weakened on continued declines in hog and pork values, and were further pressured by a rise in feed costs. Canadian farrow-to-finish feed costs climbed $1.85/hog while those in the monitored US region were up $1.75/hog from a week earlier.
Hog margins out of the OlyW 20 & OlyW 21 each weakened near $15.25 to $37 and $33.25/hog profits respectively, followed by margins out of Quebec which fell more than $18.50 to shy of $33.50/hog profits. Hylife weakened $15.75 to $23.75/hog profits, while Ontario margins declined near $13.25 to $20.50/hog and the ML Sig 4 was down $13 to $20.50/hog. In the US, hog margins out of Tyson weakened nearly $5.75 to $6.75/hog profits while JM margins weakened nearly $4.75 to $3.75/hog losses.
US Regional Margins
- Tyson: $ 6.65 USD X 1.2354 = $ 8.22 in Canadian Dollars
- Morrell: $ (3.79) USD X 1.2354 = $ (4.68) in Canadian Dollars
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