The latest Weekly Hog Market Facts report reflects a market navigating steady supply, softening price signals, and increasing cost pressure as we move deeper into the spring cycle.
Ontario Prices Continue Gradual Decline
Ontario’s base formula price continues to trend lower, settling at $225.07/cwt, marking a steady pullback over the past several weeks.
While still holding relatively strong compared to earlier in the year, the downward movement signals:
- Ongoing supply pressure
- Seasonal adjustments in demand
- A market searching for its next level of stability
Weaned and feeder pig values also softened, reinforcing tightening margins across all phases of production.
Slaughter Trends Show a North American Split
Canadian slaughter levels remain somewhat inconsistent, running slightly below year-ago levels and reflecting variability in weekly throughput.
In contrast, the U.S. system continues to push volume:
- Weekly slaughter levels have moved above year-ago pace
- Processing capacity remains strong
- Supply continues to flow through the system efficiently
This creates a broader North American picture of ample supply with regional differences in execution.
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