Cold weather in the United States slowed hog delivery, but retailers had adequate inventory and slowed their buying.
Markets will closely watch domestic and export demand in coming weeks. Demand was excellent in December, supporting strong processing margins in the U.S.
The U.S. national live price average for barrows and gilts was US$42.30 per hundredweight Jan. 6, up from $41.13 per cwt. Dec. 29.
U.S. hogs averaged $55.21 on a carcass basis, up from $51.81 Dec. 29.
The U.S. pork cutout was $79.01 per cwt. Jan.6, down from $81.08 Dec. 29.
Weekly estimated U.S. slaughter to Jan. 7 was 2.09 million, about steady with the previous week. Last year’s slaughter was 2.38 million.
In Canada, the Signature Five price was C$136.98 per 100 kilograms Jan. 7 compared to $136.28 Dec. 24. The price was $62.13 on a per cwt. basis compared to $61.82.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.25-$6.40 per pound hot hanging weight. Prices are supported by strong U.S. demand and the weak loonie. U.S. buyers are offering US$4.60 or more with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$6-$6.20. U.S. buyers are offering US$4.40. Animals outside the desirable buyer specifications may be discounted.
Sheep market stable
Ontario Stockyard reported that 1,160 sheep and lambs and 11 goats traded Jan. 2.
New crop lambs sold actively at pre-Christmas prices. All other lambs and goats sold steady. Sheep traded lower, also at pre-holiday prices.