Weekly Hog Margins
Monitored Canadian hog margins strengthened on strongly improved hog values and were further supported by a reduction in feed costs. Canadian farrow-to-finish feed costs dropped $3.95/hog, while those in the monitored US region fell $2.30/hog from the week previous.
Hog margins out the OlyW20 surged $12.40 to $98.50/hog profits on the week, followed by those out of Ontario which strengthened $10.55 to $93.90/hog profits. Hog margins out of the ML Sig 4 improved shy of $11.90 to $77.10/hog profits and Hylife margins strengthened $10.50 to $74.25/hog profits, while OlyW 21 margins rose $14.65 to $66.45/hog profits and those out of Quebec strengthened $12.75 to $51.30/hog profits. In the US hog margins improved more moderately, with Tyson up $3 to $102.45/hog profits while JM strengthened $7.30 to $107.65/hog profits from the previous week.
US Regional Margins
- Tyson: $ 102.45 USD x 1.2901 = $ 132.17 CAD
- Morrell: $ 107.63 USD x 1.2901 = $ 138.85 CAD
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