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Weekly Hog Market Update: August 9, 2024

The latest hog market data for the week ending August 9, 2024, reveals mixed trends across the Ontario, Canadian, and U.S. markets:

Ontario Market:

  • The 100% Base Formula Price saw a slight dip, closing at $231.22 per ckg.
  • Average dressed weight increased to 105.75 kg.
  • Weaned pig value reached $60.12, and feeder pig value was at $95.38.
  • The number of market hogs sold increased by 4% compared to the previous year.

Canadian Market:

  • The Quebec Pool Price dropped slightly to $222.60 per ckg.
  • The value of the Canadian dollar showed a slight improvement to $0.7282 USD.
  • Hog slaughter numbers remained stable, aligning with the previous year’s figures.

U.S. Market:

  • Federally inspected slaughter numbers were steady at approximately 2.37 million hogs.
  • Sow slaughter saw a significant decline, down by 10.1% compared to last year.
  • The CME Constructed Price closed at $92.71 per cwt, while the USDA Pork Carcass Cutout Value decreased to $100.49 per cwt.

Feed Market:

  • Corn and soybean prices continued to soften, with Chicago corn at $3.7675 per bushel and soybeans at $10.0250 per bushel.
  • Soybean meal prices eased to $630.20 per tonne.

These insights reflect the ongoing challenges and fluctuations in the swine industry, emphasizing the need for producers to stay informed and adaptable in these dynamic market conditions.

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Trending Video

FLEECED! Sheep Shearer Hands Over Clippers!

Video: FLEECED! Sheep Shearer Hands Over Clippers!

It's sheep shearing day at Ewetopia Farms! ?? Our Dorset lambs and ewes are getting fleeced — and for the first time, our shearer hands over his clippers to a beginner. We finish shearing the last of our adult ewes and this year’s Dorset ewe lambs.

From moving the sheep between barns, loading them into chutes, and watching the wool come off, this is always one of the most satisfying days on the farm. But this video has a twist — we welcomed a new helper, Gian, who’s not only lending a hand but also learning how to shear! With guidance from our experienced shearer, he got a crash course in sheep shearing and even tried his hand at shearing a couple of lambs himself.

You’ll see firsthand how both teacher and student handled this unique challenge. Shearing is more than just removing wool — it’s about sheep health, comfort, and giving us a closer look at the flock. It’s always amazing to see the transformation from woolly sheep to freshly shorn ewes and lambs.