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.

Click here to see more...

Video: Why the Fertilizer Crisis Won’t End When the Iran War Does

The fertilizer crisis didn’t start with war — it revealed a system already under strain.

Seed World U.S. Editor Aimee Nielson breaks down what’s really happening in global fertilizer markets and why the impact on farmers may last far longer than current headlines suggest. Featuring insights from global fertilizer expert Melih Keyman and industry leaders Chris Abbott and Chris Turner, this conversation explores:

Why fertilizer supply was already tight before geopolitical disruption

What the Strait of Hormuz and global trade routes mean for input availability

How rising nitrogen prices are crushing farmer margins

Why this crisis could affect seed choices, crop mix and acreage decisions

The hidden risks around phosphate and sulfur supply

Why experts say this situation may get worse before it gets better

Even if tensions ease, the underlying issues — supply constraints, investment gaps and purchasing behavior — are still in play.

Watch to understand what this means for farmers, the seed industry and the future of global food production.