Weekly Hog Market Update: Price Gains and Steady Slaughter Rates Define North American Markets

Nov 18, 2024

Ontario Market Highlights: The Ontario market saw a rise in the 100% Base Formula Price, reaching $226.88, compared to $219.71 last week and significantly above last year’s price of $190.28. Weaned pig and feeder pig values are also trending upwards, now accounting for 26% and 41.25% of the Base Formula Price, respectively.

Canadian Market Overview: Quebec’s Pool Price and Manitoba’s Calculated Hog Value experienced slight increases as well, with the Canadian dollar stabilizing around 0.7188 USD. National hog slaughter numbers reached 429,756, marking a slight uptick from previous weeks but remaining below historical highs.

U.S. Market Snapshot: Federally inspected hog slaughter in the U.S. remained steady at 2.6 million, showing a 1% increase year-over-year. The USDA Pork Carcass Cutout slightly decreased to $101.59, with lean hog futures displaying moderate adjustments across contract months.

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Video: Canadian Wildfire Smoke Creates a Red Sunrise Over North Carolina Sunflower field - July 2026

A sunrise unlike any other.

This peaceful morning at Dorothea Dix Park in Raleigh, North Carolina was transformed by smoke drifting south from the Canadian wildfires. As the rising sun filtered through the haze, the sky glowed in deep shades of red and orange, casting a surreal light over the blooming sunflower field. While the colors were breathtaking, they also served as a reminder of how connected our environment is. Smoke from wildfires hundreds of miles away changed the appearance of a North Carolina sunrise, creating a rare and unforgettable moment in nature.

Take a few minutes to experience this quiet morning as the sun slowly rises through the smoky haze above one of Raleigh's most beloved summer landscapes.