Hogs post records
U.S. cash hogs and pork hit record highs on tight supply caused by the porcine epidemic diarrhea virus.
Demand was strong from retailers hoping to avoid shortages as the weather warms. Some U.S. slaughter plants are cutting the number of hours in a shift because of the tight supply.
Iowa, southern Minnesota hogs delivered to slaughter plants soared to a record $97-$98 US per cwt. March 28, up from $91 March 21.
The estimated pork cut-out value at plant was $131.32 per cwt. March 28, up slightly from $131.50 March 21.
U.S. federal slaughter to March 29 was estimated at 2.033 million, down from 2.042 million the previous week. Slaughter totalled 2.187 million last year at the same time.
Supply was thought to be exceptionally tight, but the U.S. Department of Agriculture hogs and pigs report March 28 said the contraction was smaller than expected.
The Canadian Bison Association said Grade A bulls with desirable weights were $4 Cdn per pound hot hanging weight. Grade A heifers sold up to $3.85.
No new live market data was available. Animals outside the desirable buyer specifications may be discounted.
Beaver Hill Auction in Tofield, Alta., reported that 459 sheep and 152 goats sold March 24.
Wool lambs lighter than 70 lb. were $140-$178 per cwt., 70-85 lb. were $140-$172, 86-105 lb. were $140-$159 and 106 lb. and heavier were $138-$149.
Wool rams were $45-$97 per cwt. Cull ewes were $45-$99 and bred ewes were $90-$200 per head.
Hair lambs lighter than 70 lb. were $132-$164 per cwt., 70-85 lb. were $138-$158, 86-105 lb. were $138-$149 and 106 lb. and heavier were $130-$140.
Hair rams were $55-$80 per cwt. Cull ewes were $54-$80 and ewe-lamb families were $150-$200 per unit.
Good kid goats lighter than 50 lb. were $192.50-$235. Those heavier than 50 lb. were $200-$250 per cwt. Nannies were $105-$127.50 per cwt. Billies were $120-$190.
Ontario Stockyards Inc. reported 1,901 sheep and lambs and 31 goats traded March 24. Light lambs sold steady, while heavy lambs sold steady to higher. Sheep traded steady to slightly lower. Goats sold steady.