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: How Swine Nutrition Can Revolutionize Biogas Production - Dr. Felipe Hickmann

In this episode of The Swine it Podcast Show Canada, Dr. Felipe Hickmann from Laval University explores how nutritional strategies and manure management impact biogas production in pig farming. He breaks down the science behind anaerobic digestion at low temperatures and explains how dietary adjustments affect methane production and environmental sustainability. Learn how producers can reduce emissions and improve resource efficiency. Listen now on all major platforms!

"Lowering crude protein can reduce nitrogen in manure, but only if animal intake doesn’t compensate by increasing feed consumption."

Meet the guest: Dr. Felipe Hickmann / felipe-hickmann-963853a6 is a PhD research assistant at Laval University, specializing in swine and poultry sustainability. With extensive experience in manure management, nutritional strategies, and precision livestock technologies, he contributes to improving environmental outcomes in animal agriculture.