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Ontario's base formula hog price fell to C$171.81 per 100 kg, down C$11.47 on the week and about 26% below year-earlier levels. Pork cutout values and nearby lean hog futures also declined at the end of October.
Lower Canadian and US hog prices reduce producer margins and may curb herd expansion and feed purchases, weighing on feed demand.
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.