Hog prices fall
Packers slowed their buying as Labour Day approached, marking the unofficial end of the summer grilling season.
Hog prices were also pressured by the seasonal trend for faster hog weight gain as temperatures cool and by falling pork prices.
An uptick in the number of hogs marketed, shipped to market in advance of expected weaker prices, also weighed on hog prices.
Most packing plants were closed for Labour Day.
Iowa-southern Minnesota hogs fell to about $65.50 US per cwt. delivered to packing plants on Aug. 30, down from $68 on Aug. 23.
Estimated pork cut-out value was $94.96 Aug. 30, down from $100.56 Aug. 23.
Estimated weekly U.S. slaughter to Aug. 31 was 2.21 million, close to the 2.207 million the previous week. Last year’s total was 2.278 million.
The Canadian Bison Association said Grade A bulls in the desirable weight range averaged $3.50 Cdn per pound hot hanging weight with sales to $3.70. Grade A heifers sold at $3.45 with sales to $3.55.
Animals older than 30 months and those outside the desirable buyer specifications may be discounted.
Beaver Hill Auction in Tofield, Alta., reported 866 sheep and 187 goats sold Aug. 26.
Wool lambs lighter than 70 lb. were $105-$126 per cwt., 70 to 85 lb. were $105-$125, 86 to 105 lb. were $108-$125 and 106 lb. and heavier were $116-$126.
Wool rams were $40-$76 per cwt. Cull ewes were $30-$60.
Hair lambs lighter than 70 lb. were $90-$125 per cwt., 70 to 85 lb. were $100-$120, 86 to 105 lb. were $100-$115 and 106 lb. and heavier were $110-$118.
Hair rams were $40-$60 per cwt. Cull ewes were $25-$50.
Good kid goats lighter than 50 lb. were $185-$240. Those heavier than 50 lb. were $180-$240 per cwt. Nannies were $70-$110 per cwt. Billies were $100-$140.
Ontario Stockyards Inc. reported 1,833 sheep and lambs and 30 goats traded Aug. 26. All classes of well-finished lambs sold actively at steady prices.
Under-finished and plain lambs sold under pressure. Sheep and goats sold steady.