Weekly Hog Margins Monitored Canadian hog margins were higher week over week mainly due to higher hog prices which were supported by a stronger exchange rate as the Loonie continues to lose ground compared to other relative currency markets. Western regions recorded gains of around $2.50 across the board while Eastern markets were also higher from $1 to $2.50 per hog. Canadian farrow-to-finish feed costs held steady which allowed margin to creep higher with cash hog prices. Ontario hog margins were amongst the strongest gaining $2.63 to $31.41.80/hog, ML Sig 4 (MB) margins were stronger up $2.64 to $30.43/hog profits. Hylife margins rose $2.30 to $26.82/hog profits and OlyW 20 hog margins strengthened $2.57 to $28.00/hog profits, while Quebec hog margins were the least impacted but still higher by $1.04 to $24.21 per hog. OlyW 21 gained $2.54 to $19.21/hog profits. In the US, Tyson hog margins dropped $2.46 to $25.34/hog profits while JM margins were slightly lower by $0.98 at $19.15/hog profits.
US Regional Margins - Tyson: $ 25.34 USD X 1.3694 = $ 34.70 in Canadian Dollars
- Morrell: $ 19.15 USD X 1.3694 = $ 26.22 in Canadian Dollars
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