Hogs post records
A tight hog supply and rising wholesale pork prices led to higher bids for hogs in the United States last week.
The spread of porcine epidemic diarrhea, which has killed millions of piglets, is behind the supply shortage.
Retailers have been stocking up on pork, hoping to avoid shortages once the weather warms and demand for the barbecue season and BLT sandwiches heats up.
Iowa-southern Minnesota hogs delivered to slaughter plants rose to a record $91 US per hundredweight March 21, up from $86 March 14.
The estimated pork cut-out value at plant was $131.50 per cwt., up from $124.75 March 14.
U.S. federal slaughter to March 22 was estimated at 2.042 million, up from 2.024 million the previous week. It totalled 2.131 million last year at the same time.
The Canadian Bison Association said Grade A bulls with desirable weights reached $4 Cdn per pound hot hanging weight. Grade A heifers sold up to $3.85. Support came from U.S. demand fuelled by the weaker loonie.
No new live market data was available.
Animals outside the desirable buyer specifications may be discounted.
Lamb prices rise
Ontario Stockyards Inc. reported 1,204 sheep and lambs and 34 goats traded March 17.
Well-finished light lambs sold on a good demand at higher prices, with heavy lambs selling $5-$10 cwt. higher. Sheep and goats sold steady.