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%