Cash Feeder Pig Prices Average $88.43, Up $1.54 Last Week

Mar 13, 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 Mar. 10.

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 Mar. 10 and assumes CME Lean Hog Index cost and historical basis assumptions.

When you consider that today’s purchased weaner would be sold in September 2023 using October 2023 futures, the weaner breakeven was $64.97, up $3.15 for the week. Feed costs were down $2.10 per head, and October futures increased $0.50 compared to last week’s futures, while historical basis is unchanged from last week.

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Video: Swine Industry Advances: Biodigesters Lower Emissions and Increase Profits

Analysis of greenhouse gas (GHG emissions) in the Canadian swine sector found that CH4 emissions from manure were the largest contributor to the overall emissions, followed by emissions from energy use and crop production.

This innovative project, "Improving Swine Manure-Digestate Management Practices Towards Carbon Neutrality With Net Zero Emission Concepts," from Dr. Rajinikanth Rajagopal, under Swine Cluster 4, seeks to develop strategies to mitigate greenhouse gas emissions.

While the management of manure can be very demanding and expensive for swine operations, it can also be viewed as an opportunity for GHG mitigation, as manure storage is an emission source built and managed by swine producers. Moreover, the majority of CH4 emissions from manure occur during a short period of time in the summer, which can potentially be mitigated with targeted intervention.

In tandem with understanding baseline emissions, Dr. Rajagopal's work focuses on evaluating emission mitigation options. Manure additives have the potential of reducing manure methane emissions. Additives can be deployed relatively quickly, enabling near-term emission reductions while biodigesters are being built. Furthermore, additives can be a long-term solution at farms where biogas is not feasible (e.g., when it’s too far from a central digester). Similarly, after biodigestion, additives can also be used to further reduce emissions from storage to minimize the carbon intensity of the bioenergy.