WP livestock report

Posted

Hogs futures fall

U.S. retailers had their needs met for the July long weekend, and packers slowed their buying in anticipation of being closed for July 4.

The Chicago hog futures contract fell 4.1 percent over the week, the most since April. The quarterly hog report showed that the U.S. herd was larger than expected.

The U.S. national live price average for barrows and gilts was US$61.28 per hundredweight July 1, down from $61.78 June 24.

U.S. hogs averaged $81 on a carcass basis June 24, up from $79.81 June 17.

The U.S. pork cutout was $89.21 per cwt. July 1, little changed from $89.27 June 24.

The estimated U.S. weekly slaughter for the week to July 2 was 2.115 million, down from 2.098 million the previous week.

Slaughter was 1.858 million last year at the same time.

In Canada, the Signature Three price was C$87.02 per cwt. June 30, or $191.85 per 100 kilograms, unchanged from June 24.

Bison steady

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The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6 per pound hot hanging weight.

U.S. buyers are offering US$4.45 with returns dependent on exchange rates, quality and export costs.

Grade A heifers sold up to C$5.75. U.S. buyers are offering US$4.35.

Animals outside the desirable buyer specifications may be discounted.

Sheep lower

Beaver Hill Auction in Tofield, Alta., reported that 752 sheep and 102 goats sold June 27.

Wool lambs lighter than 54 lb. were $225-$265 per cwt., 55-69 lb. were $220-$260 70-85 lb. were $215-$250, 86-105 lb. were $200-$226 and 106 lb. and heavier were $180-$210.

Wool rams were $79-$152 per cwt. Cull ewes were $73-$155.

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Hair lambs lighter than 54 lb. were $212-$250 per cwt., 55-69 lb. were $210-$240, 70-85 lb. were $190-$230, 86-105 lb. were $175-$210 and 106 lb. and heavier were $160-$184.

Hair rams were $92-$152 per cwt. Cull ewes were $63-$131.

Feeder kids lighter than 60 lb. were $290-$340. Good kid goats lighter than 70 lb. were $300-$365.

Those heavier than 70 lb. were $300-$355 per cwt. Nannies were $100-$190 per cwt. Billies were $227-$245.

Ontario Stockyards Inc. reported that 1,185 sheep and lambs and 65 goats traded June 27.

Good light weight lambs traded barely steady to lower. Heavy lambs sold $10-$12 lower. Sheep were $5-$7 cwt. lower. Goats sold barely steady.

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