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Ontario Hog Market Trends – Week Ending October 24, 2025

Ontario Pricing

  • 100% Formula Base Price: $238.32/ckg (100 index)

    • Down from last week, marking the fourth consecutive weekly decline

  • Weaned Pig Price (derived): $61.96/head

  • Feeder Pig Price (derived): $98.31/head

Canadian Market Indicators

  • Quebec Base Price: $224.45/ckg

  • Canadian Dollar: US$0.7136 — continued weakness providing support to export competitiveness

U.S. Reference Markets

  • CME Constructed Lean Hog Index: $93.93/cwt

  • Pork Cutout: $100.97/cwt — easing slightly as supplies move seasonally higher

Feed Ingredient Prices (Ontario)

  • Corn (Dec ’25 Futures): $4.23/bu

  • Soybeans (Nov ’25 Futures): $10.41/bu

  • Soymeal (Hamilton): $495/tonne — notable increase week-over-week

  • Ontario Feed Corn Equivalent: $246.78/tonne

  • DDGS: $255/tonne

Futures Outlook

ContractPrice (USD/cwt)
Dec ’25$81.90
Feb ’26$84.30
Apr ’26$88.95
Jun ’26$100.80
Jul ’26$101.23
Aug ’26$100.05
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Trending Video

2026 T.K. Cheung Lecture in Animal Science - Dan Weary

Video: 2026 T.K. Cheung Lecture in Animal Science - Dan Weary

T.K. Cheung Lecture in Animal Science: "Using science to assess and improve the welfare of dairy cattle"

Dan Weary is a Professor at the University of British Columbia. Dan did his BSc and MSc at McGill and Doctorate at Oxford before co-founding UBC’s Animal Welfare Program where he now co-directs this active research group. His research focuses on understanding the perspectives of animals and applying these insights to develop methods of assessing animal welfare and improving the lives of animals. His work has helped drive changes in practices (including the adoption of higher milk rations for calves and pain management for disbudding) and housing methods (including the adoption of social housing for pre-weaned calves). He also studies cow comfort and lameness, social interactions among cows, and interactions between cows, human handlers and technologies like automated millking systems that are increasingly used on farms. His presentation will outline key questions in cattle welfare, highlight recent UBC research addressing them, and showcase innovative methods for improving the lives of cattle and their caretakers.