U.S. hog prices were little changed last week with supply ample relative to the demand.
Packers closed Jan. 20 for Martin Luther King Day.
Pork prices rose, helping packers improve their profit margins.
Hog futures gained support from expectations that record beef prices will start to push consumers toward buying more pork and chicken.
Iowa-southern Minnesota hogs delivered to packing plants sold at about $59 US per hundredweight Jan. 17, mostly steady with Jan. 10.
The estimated pork cut-out value was $87.51 per cwt. Jan. 17, up from $84.05 Jan. 10.
Estimated weekly U.S. slaughter to Jan. 18 was 2.26 million, up from 2.075 million in the previous week. Last year in the same week, slaughter was 2.206 million.
Bison prices rise
The Canadian Bison Association said Grade A bulls younger than 30 months in the desirable weight range were in ample supply, but prices rose, reaching as high as $3.85 Cdn per lb. hot hanging weight. Grade A heifers sold at prices up to $3.70.
Animals outside the desirable buyer specifications may be discounted.
Sheep price rises
Beaver Hill Auction in Tofield, Alta., reported 903 sheep and 171 goats sold Jan. 13.
Wool lambs lighter than 70 lb. were $125-$164 per cwt., 70-85 lb. were $135-$154, 86-105 lb. were $135-$146 and 106 lb. and heavier were $135-$144.
Wool rams were $55-$90 per cwt. Cull ewes were $47-$95 and bred ewes were $70-$135 per head.
Hair lambs lighter than 70 lb. were $115-$149 per cwt., 70-85 lb. were $130-$155, 86-105 lb. were $128-$146 and 106 lb. and heavier were $128-$135.
Hair rams were $60-$80 per cwt. Cull ewes were $41-$81.
Good kid goats lighter than 50 lb. were $160-$205. Those heavier than 50 lb. were $177.50-$227.50 per cwt. Nannies were $62.50-$87.50 per cwt. Billies were $85-$110.
Ontario Stockyards Inc. reported 1,660 sheep and lambs and 61 goats traded Jan. 13. All light and heavy lambs sold steady. Sheep sold $3 to $5 higher.
Goats sold actively at slightly higher prices.