Strong pork exports, reduced market-ready supply and expectations that retailers will feature more pork sales in June lifted hog prices.
United States hogs averaged US$71.01 on a carcass basis May 26, up from $70.86 May 19. The U.S. pork cutout was $90.28 per cwt. May 26, up from $87.26 May 19.
The estimated U.S. weekly slaughter for the week to May 27 was 2.192 million, down from 2.249 million the previous week.
Slaughter was 2.184 million last year at the same time.
In Canada, the average for the week to May 27 Signature Five price was C$179.54 per 100 kilograms, up from $178.01 the week before.
On a per hundredweight basis, the average price was $81.44 up from $80.74 the week before.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.30–$6.50 per pound hot hanging weight. U.S. buyers are offering US$4.75 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$6-$6.30 U.S. buyers are offering US$4.50. Animals outside the desirable buyer specifications may be discounted.
Ontario Stockyards Inc. reported 845 sheep and lambs and 10 goats sold at the May 23 sale. All lambs traded steady to slightly lower. Goats and good sheep were steady. Lean sheep sold $5 to $10 per cwt. lower.