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: Why Swine Field Research Matters - Dr. Stephen Frazer

In this episode of The Swine it Podcast Show Canada, Dr. Stephen Frazer, swine veterinarian at Demeter Services Vétérinaires, explains how field research connects university science with real commercial swine production. He discusses research design, economic impact, external validity, health challenges, and practical implementation on farms. Dr. Frazer also shares how applied research helps producers stay competitive with modern genetics and production systems. Listen now on all major platforms!

"Field research applies rigorous scientific methods within commercial production systems while focusing on practical economic outcomes that directly affect modern swine operations."

Meet the guest: Dr. Stephen Frazer / stephen-frazer-5769b7141 completed both a Master of Veterinary Science and a Doctor of Veterinary Medicine at the Université de Montréal. Currently working as a swine veterinarian at Demeter Services Vétérinaires, Dr. Frazer focuses on applied field research, production health, and practical strategies that improve commercial swine operations. Learn more about field research and swine production by listening to Dr. Stephen Frazer on The Swine it Podcast Show Canada, available on all major platforms.