Cash Feeder Pig Prices Average $60.11, Down $11.21 Last Week

Apr 24, 2023

This market update is a PorkBusiness.com weekly column reporting trends in weaner pigs. All information contained in this update is for the week ended Apr. 21.

NutriQuest Business Solutions publishes weekly weaner pig profitability calculations which uses industry representative production costs and futures pricing for lean hogs, corn, and soybean meal, using historical basis assumptions, to establish approximate profitability and break-even pricing for the current sale or purchase of weaner pigs. Prices are based on closing futures prices on Apr. 21 and assumes CME Lean Hog Index cost and historical basis assumptions.

When you consider that today’s purchased weaner would be sold in October 2023 using December 2023 futures, the weaner breakeven was $36.75, up $6.70 for the week. Feed costs were down $3.15 per head, and December futures decreased $4.05 compared to last week’s futures, while historical basis is improved from last week by $5.74 per cwt.

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Video: Research in Action | Swine Cluster 4 - Activity 8: Precision Feeding with Dr. Aline Remus

Research in Action is a video series from Swine Innovation Porc that highlights the people and projects driving innovation in Canada's pork sector.

In this episode, Dr. Aline Remus (Agriculture and Agri-Food Canada) explains how precision feeding is helping producers improve efficiency, reduce feed costs and lower environmental impacts while supporting animal health and welfare.

As part of Swine Cluster 4 - Activity 8, this research is advancing precision livestock farming by tailoring nutrition to the needs of individual pigs or groups of pigs. The project aims to reduce feed costs, decrease greenhouse gas emissions and nutrient losses, and develop practical precision feeding systems that producers can confidently adopt on-farm.

By bringing together researchers from across Canada and around the world, this work is helping transform innovative research into practical solutions for a more sustainable and competitive Canadian pork sector.