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Ontario Monthly Hog Market Facts – May 2025

Compiled by Jaydee Smith, OMAFRA Swine Specialist

Market Overview:
May 2025 delivered strong returns for Ontario hog producers, with increased prices and solid marketing numbers.

  • 100% Formula Price: $229.14/cwt

  • Average Market Price: $265.21/cwt

  • High Price: $291.04/cwt

  • Low Price: $229.58/cwt

  • Market Hogs Sold: 551,920 head
    – Up 5.3% compared to May 2024

  • Average Carcass Weight: 106.12 kg

Weaned & Feeder Pigs:

  • Weaned Pig Price (5 kg): $59.58

  • Feeder Pig Price (25 kg): $94.52

Profitability (Farrow to Finish):

  • Market Hog Value: $272.15/pig

  • Total Costs: $234.37/pig

  • Net Return$37.78/pig
    – One of the strongest returns in 2025 to date

Feed & Input Costs:

  • Corn (farm price): $234.41/tonne

  • Soybean Meal (Hamilton): $474.67/tonne

  • DDGS: $253.00/tonne

Canadian Dollar:

  • Exchange Rate: $0.7214 USD
    – Down slightly from the same month last year ($0.7315)

Prime Interest Rate:

  • Held steady at 4.95%

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