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Weekly Hog Market Report – Week Ending February 14, 2025

Ontario Market Overview

The 100% Base Formula Price for hogs in Ontario continues its upward trend, reaching $225.99/cwt, marking a 6.98% increase from mid-January. Compared to last year, this price represents a substantial gain from $182.54/cwt.

  • Average dressed weight remains stable at 109.08 kg.
  • Market hog sales totaled 118,250 head, slightly lower than previous weeks but still 101% of last year’s volume.
  • Weaned pig value increased to $58.76/pig, and feeder pig value rose to $93.22/pig, both benefiting from rising formula prices.

Canadian Market Highlights

Hog slaughter at federal and provincial plants remained steady at 437,027 head, showing no change from last year’s levels.

  • Quebec Pool Price climbed to $222.03/cwt, reflecting stronger market conditions.
  • Manitoba hog values edged higher to $229.64/cwt.
  • The Canadian dollar strengthened to $0.7059 USD, marking its highest level this year, which may impact export competitiveness.

U.S. Market Trends

  • Federally inspected hog slaughter was estimated at 2.54 million head, maintaining 100% of last year’s levels.
  • Sow slaughter volumes declined by 13.4% year-over-year, suggesting possible herd stabilization.
  • Early weaned pig prices showed a mixed trend:
    • Weighted average: $78.01/pig
    • Formula-based: $67.70/pig
    • Cash-based: $83.20/pig
  • 40-pound feeder pigs rose to $112.33/pig, reflecting stronger demand.
  • CME Lean Hog Futures gained momentum:
    • February contract closed at $89.48/cwt, up from $81.13 a month earlier.
    • June and July contracts are holding above $104/cwt, indicating bullish sentiment.
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Trending Video

Drone Flight & Baling Success at Last!

Video: Drone Flight & Baling Success at Last!

Drone Flight & Baling Success at Last!

After weeks of rain delays and frustration, we finally have a reason to smile — it’s hay time again at Ewetopia Farms! In today’s episode, we head out to the fields where Arnie is baling hay, and I attempt my second drone flight to capture it all from the air. The drone still had some hiccups, but I managed to get some aerial footage of the baling process.

Back at the farm, the work doesn’t stop. Arnie brings the bales home, and the next critical step begins — wrapping and stacking the bales to make haylage. This process is essential for preserving feed for our sheep and ensures they have nutritious forage in the months ahead.

It’s a good day on the farm — the sun is out, the drone is flying (sort of!), and we’re making progress. Join us for a satisfying and productive day that brings a long-awaited sigh of relief to this year’s challenging hay season.

?? Let us know in the comments: Have you had to deal with weather delays this season?

?? Thanks for watching and supporting Ewetopia Farms — where every day is an adventure in sheep farming. Please like, comment, and subscribe to follow our daily journey with the flock!