Ontario hog producers saw another week of strengthening market prices during the week ending July 24, as cash values continued to improve across the province. While the upward movement provides welcome support for producer revenues, rising feed costs remain a significant challenge, keeping margins under pressure despite stronger hog markets.
The Ontario 100% Base Formula Price climbed to $248.11/cwt, representing the fifth consecutive week of relatively firm pricing and a gain of nearly $13/cwt since late June. Weaned pig values also increased to $64.51 per head, while feeder pig values reached $102.35 per head, reflecting improved economics throughout the production chain.
Despite the recent momentum, Ontario prices remain well below last year’s levels. During the same week in 2025, the base formula price stood at $270.92/cwt, highlighting that producers continue to operate in a market that has yet to fully recover from softer North American pork values experienced earlier this year.
Canadian Market Shows Mixed Signals
Nationally, Canadian slaughter totaled 417,680 head, representing 95% of the previous year’s volume, suggesting slightly tighter market-ready supplies compared to 2025. Quebec’s pool price also continued to strengthen, increasing to $227.51/cwt, while Manitoba’s calculated hog value remained above $251/cwt, reinforcing the broader improvement in Canadian hog pricing.
The Canadian dollar closed the week at US$0.7096, remaining below year-ago levels. A relatively weaker Canadian dollar continues to provide some support for export competitiveness, an important factor given Canada’s reliance on international pork markets.
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