Weekly Hog Margins
Hog margins recorded another week of declines, yet again pressured by lower hog and pork values however did receive some offset support from a decrease in feed costs. Canadian farrow-to-finish feed costs fell nearly $1/hog while those in the monitored US region declined $0.75/hog from a week earlier.
Hog margins out of the OlyW 20 weakened $0.40 to $91/hog profits, while those out of Quebec fell $2.40 to $80.20/hog profits and Ontario declined $7.85 to $75.10/hog profits. OlyW 21 margins were down $1.75 to $71.10/hog profits, ML Sig 4 margins weakened $3.25 to $66/hog profits, while Hylife dropped $6.20 to $63.55/hog profits. In the US, hog margins out of Tyson weakened $1.40 to $70.25/hog profits while JM margins were $2.80 lower to $66/hog profits.
US Regional Margins
- Tyson: $ 70.25 USD X 1.2639 = $ 88.79 in Canadian Dollars
- Morrell: $ 65.95 USD X 1.2639 = $ 83.35 in Canadian Dollars
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