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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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