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United States Monthly Hog Market Facts

Author: John Bancroft - Market Strategies Program Lead/OMAFRA
Creation Date: 05 June 2009
Last Reviewed: 05 June 2009

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 April 2009, the average U.S. reference price was $58.21 versus $56.20 as of the end of April 2008. 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 five year average (2004 to 2008) U.S. reference price is $66.87.

Text Equivalent of Image

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 April 2009, the average U.S. reference price was $58.21 versus $56.20 as of the end of April 2008. 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 five year average (2004 to 2008) U.S. reference price is $66.87.

 
Nov '08
Dec '08
Jan '09
Feb '09
Mar '09
Apr '09
U.S.Market Information

Commercial Hog Slaughter '000 Hd

9,325.0

10,144.6

9,922.3

8,913.2

9,652.8

 

* % of Same Month - Previous Year

93%

105%

94%

95%

100%

 

Number of Sows Slaughtered '000 Hd

247

271

267

238

267

 

* % of Same Month - Previous Year

85%

103%

88%

88%

89%

 

 

 
Nov '08
Dec '08
Jan '09
Feb '09
Mar '09
Apr '09
U.S.Market Information

Early Weaned Pigs (US $/Pig)

$38.46

$42.79

$42.65

$38.60

$37.41

$35.93

* Same Month - Previous Year

$34.26

$36.37

$36.88

$37.25

$34.68

$29.69

40 Pound Feeder Pigs (US $/pig)

$47.56

$54.85

$61.22

$58.66

$60.94

$61.30

* Same Month - Previous Year

$38.79

$41.12

$43.45

$47.38

$46.39

$35.87

 

 
Nov '08
Dec '08
Jan '09
Feb '09
Mar '09
Apr '09
U.S.Market Information

CME Constructed Price (US$/cwt)

$53.48

$54.49

$56.73

$58.48

$58.52

$59.12

* Same Month - Previous Year

$50.30

$53.76

$50.31

$58.63

$53.95

$62.18

Pork Carcass Cutout Value (US$/cwt)

$57.26

$58.82

$57.09

$57.25

$57.80

$58.73

* Same Month - Previous Year

$58.78

$58.69

$56.53

$61.39

$57.45

$65.55

Retail Price (US$/lb)

$3.00

$3.01

$3.00

$2.96

$2.94

 

* Same Month - Previous Year

$2.86

$2.86

$2.86

$2.83

$2.83

$2.86

 

 
Nov '08
Dec '08
Jan '09
Feb '09
Mar '09
Apr '09
U.S.Market Information
Pork Production **

-7.8%

4.0%

-6.1%

-4.6%

0.4%

 

Pork in Cold Storage **

11.0%

21.1%

5.6%

2.1%

-9.8%

 

Pork Exports **

0%

3%

-10%

-15%

 

 

Feeder Pig Imports **

-12%

-12%

-38%

-53%

 

 

Market Pig Imports **

-64%

-58%

-205%

-195%

 

 

** % change from same month in the previous year

 

June 2009 Pork News & Views - Table of Contents

 

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