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: Building Trust in Agriculture Through Better Storytelling

How do we tell the story of modern agriculture in a way that connects with consumers while staying true to the people who produce our food?

CLEAR Conversations, host Tracy Sellers sits down with Jennifer Shike, Editor and Brand Leader for Farm Journal's PORK, to discuss the evolving role of agricultural journalism, the challenges of communicating science, and why authentic storytelling matters more than ever.

From emerging sustainability initiatives and animal welfare to producer innovation and public perception, Jennifer shares her perspective on covering one of agriculture's most dynamic industries and the importance of building trust between farmers and the public.

Whether you're a producer, researcher, student, or simply interested in where your food comes from, this conversation offers valuable insight into the stories shaping the future of animal agriculture.