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Posts Tagged ‘hog prices’

tables of hog prices and dates

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• The Ontario Base Market Hog Price is averaging $182.33ckg, 100 index, up by $0.55/ckg from last week’s average due to a weaker Canadian dollar which is down 0.48 cents to 87.96 cents. The CME Constructed weekly average price of US$88.60/cwt. is down US$0.21/cwt. from last week.
• The USDA Pork Cut-out Value is averaging US$92.68/cwt. which is down US$0.20/cwt. from last week’s average with loins, bellies and ribs up and the other 3 primals down.
• US slaughter has averaged 2,152,243 the last three weeks but remains 4.3% below last year for the same weeks. Dressed weights moved to a 212 average which is 2 pounds above the same week last year.
• Ontario market hog sales year to date continue to be up 2.5% over last year. First quarter sales were up 2%, second quarter up 5% and third quarter is up 2.8%. Fourth quarter sales to-date are slightly under with last year. The weekly average dressed weight continues to be above 102 kg.
• Current daily movement in the pork cut-out, narrower packer margins, cash price and nearby futures along with the expected seasonal trends, indicate next week’s price movement will be sideways.

Daily Prices for Wednesday December 3
• Ontario Base Market Hog Price – C$182.68ckg, 100 index
• CME Constructed Price – US$88.74/cwt.
• Noon-Hour Bank of Canada Canadian Dollar value – 87.93 cents

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  • The Ontario Base Market Hog Price is averaging $181.02/ckg, 100 index, down slightly by $0.28/ckg from last week’s average due to a stronger Canadian dollar which is up 0.34 cents to 88.81 cents. The CME Constructed weekly average price of US$88.82/cwt. is up US$0.20/cwt. from last week.
  • The USDA Pork Cut-out Value is averaging US$92.79/cwt. which is down US$1.09/cwt. from last week’s average with loins, picnics and ribs up and the other 3 primals down.
  • US slaughter has averaged 2,226,021 the last three weeks but remains 4.3% below last year for the same weeks. Dressed weights moved to a 212 average which is 3 pounds above the same week last year.
  • Ontario market hog sales year to date continue to be up 2.7% over last year. First quarter sales were up 2%, second quarter up 5% and third quarter is up 2.8%. Dressed weights for the last 3 reported weeks have averaged 102.5 kg.
  • Current daily movement in the pork cut-out, narrower packer margins, cash price and nearby futures along with the expected seasonal trends, indicate next week’s price movement will be sideways.

Today’s Daily Prices are: (Wednesday)

  • Ontario Base Market Hog Price – C$180.99ckg, 100 index
  • CME Constructed Price – US$88.82/cwt.
  • Noon-Hour Bank of Canada Canadian Dollar value – 89 cents

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The income shown for the market pig in the recently posted October 2014 OMAFRA Swine budget was $244.45, up over $52.00 from the October 2013 Swine Budget. The difference was realized through an increased market pig base price (up $40/ckg, 100 index) and a heavier dressed carcass weight (up 3.54 kg). The increased market hog income along with a decreased farrow to finish feed cost (down $7.83 per market pig) led to a net return improvement of over $60 per market hog from October 2013. For more information see the 2014 October Monthly Swine Budget on the OMAFRA website:

http://www.omafra.gov.on.ca/english/livestock/swine/facts/info-b-oct2014.pdf

You can subscribe to receive the monthly budgets (and the bimonthly Pork News and Views newsletter) by email here:

http://www.omafra.gov.on.ca/english/subscribe/index.html

 

 

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·        The Ontario Base Market Hog Price is averaging $182.81/ckg, 100 index, down $7.78/ckg from last week’s average. Downward pressure is from a lower CME Constructed weekly average price of US$88.76/cwt. (down US$5.17/cwt. from last week) but support is coming from a lower Canadian dollar weekly average of 88.78 cents (up 1.36 cents from last week’s average).
·        The USDA Pork Cut-out Value is averaging US$96.50/cwt. which is down US$2.01/cwt. from last week’s average with all primals being down except for ribs.
·        US slaughter has averaged 2,173,527 the last three weeks but remains 4.4% below last year for the same weeks. Dressed weights averaged 212 pounds the last two reported weeks which is 5.5 pounds above the same weeks last year. 
·        Ontario market hog sales year to date continue to be up 2.7% over last year. First quarter sales were up 2%, second quarter up 5% and third quarter is up 2.8%. Dressed weights for the last 2 reported weeks have averaged 102.5 kg.
·        Current daily movement in the pork cut-out, cash price and nearby futures indicate next week’s price movement will be down.
 
Today’s Daily Prices are:
·        Ontario Base Market Hog Price – C$182.11ckg, 100 index
·        CME Constructed Price – US$88.07/cwt.
·        Noon-Hour Bank of Canada Canadian Dollar value – 87.54 cents

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October 2, 2014

So far this week
The Ontario Base Market Hog Price is averaging $221.35/ckg, 100 index, up $6.97/ckg from last week’s average.
This is based on a CME Constructed weekly average price of US$109.36/cwt. (up US$2.64/cwt. from last week) and a Canadian dollar weekly average of 89.54 cents (down 00.67 cents from last week’s average).

Today’s Daily Prices are:
• Ontario Base Market Hog Price – C$221.99ckg, 100 index
• CME Constructed Price – US$109.85/cwt.
• Noon-Hour Bank of Canada Canadian Dollar value – 89.68 cents

The USDA Pork Cut-out Value is averaging US$121.49/cwt which is up US$4.01/cwt. from last week’s average with the all primals up.
US slaughter cracked the 2 million mark the last three weeks but remains 5.4% below last year for the same weeks. Weights continue to run up 8 pounds from last year.
Ontario market hog sales year to date continue to be up 3.4% over last year. First quarter sales were up 2%, second quarter up 5% and third quarter is up 3.2% to-date (12 weeks). Dressed weights continue to avg. just above 100 kg

Current daily movement in the pork cut-out, cash price and nearby futures indicate next week’s price movement could be sideways to up slightly.
OSHAB Big Bug Day – October 15, 2014, 9:30 am to 4:00 pm, Arden Park Hotel, Stratford
Please pre-register with Donna at 519-272-1532 or dkaczmarczyk@southwestvets.ca
Agenda

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So far this week

The Ontario Base Market Hog Price is averaging $244.44/ckg, 100 index, down $6.75/ckg from last week’s average.

This is based on a CME Constructed weekly average price of US$123.29/cwt.  (down US$4.09/cwt. from last week) and a Canadian dollar weekly average of  91.46 cents (down 0.51 cents from last week’s average).

Today’s Daily Prices are:

  • Ontario Base Market Hog Price – C$/240.67ckg, 100 index
  • CME Constructed Price – US$121.53/cwt.
  • Noon-Hour Bank of Canada Canadian Dollar value –  91.56 cents

The USDA Pork Cut-out Value is averaging US$127.13/cwt  which is down US$2.60/cwt.  from last week’s average with all primals down except for bellies .

Estimated U.S. slaughter so far for this week is about 1.81 million (would be down 3% from last week and 11% from same week one year ago)

Barrow and Gilt dressed weights remain about 10 pounds heavier then same week last year (up 8 pounds on average for the year so far)

As of today (Thursday), the above numbers would indicate that the weekly average price could decline again next week.

 

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