WP livestock report

Hogs drift lower

U.S. hog prices edged lower with supplies adequate to meet scaled down slaughter schedules.

The futures market is trying to figure out what will happen this summer, with reduced hog numbers from porcine epidemic diarrhea and lighter carcass weights because of hot weather.

Iowa-southern Minnesota live hogs delivered to plants were $81-$82 US per cwt. May 16, down from about $84 May 9.

On a carcass basis, Midwest hogs were little changed at $107.43 per cwt., compared to $107.47 May 9.

The U.S. pork cutout rose to $114.19 May 16, up from $111.73 per cwt. May 9.

U.S. estimated weekly slaughter for the week to May 17 was 1.999 million, down from 2.016 million the previous week. Last year at the same time slaughter was 2.037 million.

Bison steady

The Canadian Bison Association said grade A bulls in the desirable weight range fetched prices as high as $4 Cdn per pound hot hanging weight. Grade A heifers sold at prices up to $3.85.

Cull cows and bulls sold as high as $2.50 per lb. hot hanging weight in limited trade.

Animals outside the desirable buyer specifications may be discounted.

In the live market, quality 2013 bulls sold up to $2.60 per lb. and 2013 heifers reached highs of $2.40.

Lamb prices up

Beaver Hill Auction in Tofield, Alta., reported 511 sheep and 71 goats sold May 12.

Wool lambs lighter than 54 lb. were $160-$220 per cwt., 55-69 lb. were $180-$220, 70-85 lb. were $190-$215, 86-105 lb. were $160-$180 and 106 lb. and heavier were $152-$168.

Wool rams were $54-$74 per cwt. Cull ewes were $43-$97 and bred ewes were $130-$160 per head.

Hair lambs lighter than 54 lb. were $160-$210 per cwt., 55-69 lb. were $165-$210, 70-85 lb. were $150-$192, 86-105 lb. were $155-$160 and 106 lb. and heavier were $145-$153.

Hair rams were $56-$70 per cwt. Cull ewes were $50-$125 and ewe-lamb families were $150-$230 per unit.

Feeder kids lighter than 60 lb. were $165-$225. Good kid goats 45-69 lb. were $215-$245. Those heavier than 70 lb. were $220-$250 per cwt. Nannies were $65-$120 per cwt. Billies were $115-$137.50.

Ontario Stockyards Inc. reported 1,067 sheep and lambs and 16 goats traded May 12. Light new crop lambs sold stronger and heavy new lambs were selling $5-$10 cwt. higher. Good sheep traded $3-$5 stronger. Goats sold steady.

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