Ontario Hog Prices Hold Steady as Feed Costs Climb and Market Signals Tighten

Executive Summary

Ontario hog prices remain stable heading into early May, but underlying pressures are starting to build. While base formula pricing has held relatively consistent, rising feed costs and steady supply levels are creating a more complex outlook for producers.

The market isn’t showing weakness—but it’s also not showing expansion. And in that kind of environment, efficiency becomes the differentiator.

Ontario Market: Stable, Not Strengthening

The Ontario market continues to hold steady, with base formula pricing showing minimal movement week over week.

Dressed prices remain consistent, reflecting a market that is balanced but not gaining momentum. At the same time, production levels remain strong, with hog volumes tracking at or above previous year levels in recent weeks.

This points to a system that is functioning well—but not tightening.