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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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one-on-one interview from the fields of Seminole County, Georgia, corn and soybean grower Greg Mims walks us through the realities of farming in 2025. From planting in March to harvesting for chicken feed, Greg shares how favorable weather conditions helped this year’s crop—but also why rising input costs and low commodity prices continue to challenge profitability.

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