In This Section

Topics

United States Monthly Hog Market Facts

Author: John Bancroft - Swine Grower-Finisher Specialist/OMAFRA
Creation Date: 25 March 2008
Last Reviewed: 12 May 2008

Ontario -U.S. Monthly Average Reference Price (US$/cwt.)

This graph shows the U.S. reference price that is used in the base formula to determine the Ontario market hog contract prices. As of the end of February 2008, the average U.S. reference price was $54.28 versus $63.05 as of the end of February 2007. The data source for the U.S. reference price has changed at various times. Currently (since May 2003) the CME constructed price is used as the U.S. reference price which is calculated from the daily LM-HG201 USDA report. The ten year average (1998 to 2007) U.S. reference price is $58.58.

This graph shows the U.S. reference price that is used in the base formula to determine the Ontario market hog contract prices. As of the end of February 2008, the average U.S. reference price was $54.28 versus $63.05 as of the end of February 2007. The data source for the U.S. reference price has changed at various times. Currently (since May 2003) the CME constructed price is used as the U.S. reference price which is calculated from the daily LM-HG201 USDA report. The ten year average (1998 to 2007) U.S. reference price is $58.58.

U.S.Market Information
   Sept '07 Oct '07 Nov '07 Dec '07 Jan '08 Feb '08

Commercial Hog Slaughter '000 Hd

8,774.3

10,654.5

10,050.7

9,689.9

10,557.1

 

* % of Same Month - Previous Year

99%

111%

107%

109%

113%

 

Number of Sows Slaughtered '000 Hd

257

311

290

264

304

 

* % of Same Month - Previous Year

96%

110%

103%

99%

106%

 

 

U.S.Market Information
   Sept '07 Oct '07 Nov '07 Dec '07 Jan '08 Feb '08

Early Weaned Pigs (US $/Pig)

$34.46

$33.86

$34.26

$36.37

$36.88

$37.25
* Same Month - Previous Year

$34.61

$35.04

$36.96

$38.51

$40.71

$41.02

40 Pound Feeder Pigs (US $/pig)

$41.95

$38.52

$38.79

$41.12

$43.45

$47.38

* Same Month - Previous Year

$47.81

$48.10

$50.79

$55.01

$60.30

$64.15

 

U.S.Market Information
   Sept '07 Oct '07 Nov '07 Dec '07 Jan '08 Feb '08

CME Constructed Price (US$/cwt)

$63.74

$57.28

$50.30

$53.76

$50.31

$58.63

* Same Month - Previous Year

$68.68

$64.73

$62.32

$60.92

$60.17

$66.37

Pork Carcass Cutout Value (US$/cwt)

$66.03

$60.70

$58.78

$58.69

$56.53

$61.39
* Same Month - Previous Year

$71.47

$67.50

$66.08

$64.63

$63.67

$69.56
Retail Price (US$/lb)

$2.91

$2.93

$2.86

$2.86

$2.86

 

* Same Month - Previous Year

$2.88

$2.87

$2.80

$2.77

$2.80

$2.80

 

U.S.Market Information
   Sept '07 Oct '07 Nov '07 Dec '07 Jan '08 Feb '08
Pork Production **

-0.4%

11.0%

7.9%

9.8%

13.7%

 
Pork in Cold Storage **

5.8%

1.3%

1.2%

3.7%

16.4%

 
Pork Exports **

10%

31%

17%

9%

 

 
Feeder Pig Imports **

12%

20%

21%

28%

 

 
Market Pig Imports **

10%

11%

33%

24%

 

 

** % change from same month in the previous year

April 2008 Pork News & Views - Table of Contents

| Top of Page |

For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca