
Ontario's base hog formula price fell to C$209.96/kg for the week ending September 25, well below a year earlier. U.S. federally inspected slaughter rose to 2.552 million head, and the CME Constructed Price declined to US$82.35/cwt.
Soybean meal costs moved sharply higher during the same week.
Lower hog prices combined with higher soybean meal costs squeeze feeding margins and may reduce hog-feed demand. Rising meal prices add to the cost pressure on pork producers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.