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.

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Video: Genetics vs Genomics in Swine - Dr. Max Rothschild

In this episode of The Swine it Podcast Show Canada, Dr. Max Rothschild, Distinguished Professor at Iowa State University, explains how genetics and genomics have transformed swine production. He explores genomic selection, key gene discoveries, and the role of gene editing in improving disease resistance and productivity. Practical insights on litter size, meat quality, and industry adoption are also discussed. Listen now on all major platforms!

"Genetic improvement in swine production accelerated significantly once molecular tools enabled identification of DNA level variation influencing growth, reproduction, and meat quality across commercial populations."

Meet the guest: Dr. Max Rothschild / max-f-rothschild-b3800312 earned his PhD in Animal Breeding from Cornell University and has spent over four decades at Iowa State University advancing swine genetics and genomics. His research focuses on genetic improvement, disease resistance, and molecular tools for swine production. A leader in pig genome research, his work has shaped modern breeding strategies.