Cash Feeder Pig Prices Average $61.37, Up $4.18 Last Week

Nov 18, 2022

This market update is a PorkBusiness.com weekly column reporting trends in weaner pigs. All information contained in this update is for the week ended Nov. 18.

NutriQuest Business Solutions publishes weekly weaner pig profitability calculations which uses industry representative production costs and futures pricing for lean hogs, corn, and soybean meal, using historical basis assumptions, to establish approximate profitability and break-even pricing for the current sale or purchase of weaner pigs. Prices are based on closing futures prices on Nov. 18 and assumes CME Lean Hog Index cost and historical basis assumptions.

When you consider that today’s purchased weaner would be sold in May 2023 using June 2023 futures, the weaner breakeven was $77.32, up $10.70 for the week. Feed costs were up $3.45 per head, and June futures increased $7.70 compared to last week’s May futures, while historical basis is declined from last week by $0.96 per cwt.

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Video: Developing disease resistance in new wheat varieties

Dr. Colin Hiebert, research scientist with Agriculture and Agri-Food Canada – Morden, is focused on developing new tools that wheat breeders can use to improve, diversify and strengthen disease resistance in new wheat varieties. This includes new genomic tools that address resistance to five diseases including: Fusarium head blight, leaf rust, stripe rust, stem rust and common bunt.

Learn more about how research conducted at AAFC-Morden will impact wheat variety development, production and profitability for the future. This research is part of the Canadian National Wheat Cluster and funding is provided through the Sustainable Canadian Agricultural Partnership, Agriculture and Agri-Food Canada, Alberta Grains, Sask Wheat, Manitoba Crop Alliance, Western Grains Research Foundation and Canadian Field Crop Research Alliance.