Weekly Regional HOG PRICE Report

Weekly Hog Price Recap

US cash hog prices managed to finish the holiday week modestly higher, up around $0.65 US in regionally and near $0.30 US higher nationally, while CME cash was up shy of $0.80 US from the week previous. Wholesale pork primals were mixed on the week with lower hams, ribs and picnics weighing cutout -0.9% or $0.83 US lower from a week earlier.

Dec 31, 2024

 

Canadian hog prices were primarily higher as cash and slaughter-based hog prices increased and were further supported by a +0.5% rise in the BoC CAD-US exchange rate. Hog values out of Quebec rose the most on the week, jumping $7.28/hog, followed by hogs off the OlyW 20 which rose $4.80/hog. BP4/TC4 improved $3.80/hog while the ML Sig 4 was up $3.50/hog, and Ontario hogs climbed $3.35/hog while those off the OlyW 21 R2 were up $1/hog from the previous week and Hylife fell $0.59/hog due to pressure of reduced pork cutout values. In the US, Tyson hogs declined $0.75/hog while JM hogs improved $1.40/hog from the previous week.

 

Weekly Hog Margins

Monitored Canadian hog margins were mixed to primarily stronger, supported by higher hog values though tempered by increased feed costs. Canadian farrow-to-finish feed costs were up $1.85/hog while those out of the monitored US region were up $1.60/hog from a week earlier.

Ontario hog margins strengthened $1.50 to $39/hog profits, followed by margins off the ML Sig 4 which were up $1.65 to $38/hog profits. Hylife margins weakened $2.45 to $37/hog profits while Quebec margins strengthened $5.40 to $36.30/hog profits and OlyW 20 margins rose $2.90 to $36/hog profits. OlyW 21 slipped $0.85 to $20.70/hog profits. In the US, Tyson hog margins weakened $2.35 to $32.65/hog profits while JM margins dipped $0.20 lower to $26.20/hog profits.
 

US Regional Margins

  • Tyson: $ 32.63 USD X 1.4399 = $ 46.98 in Canadian Dollars
  • Morrell: $ 26.19 USD X 1.4399 = $ 37.71 in Canadian Dollars




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