The U.S. wholesale pork cutout was the highest since October 2014, indicating that demand could continue past the July 4 holiday. High temperatures this week could slow hog weight gain.
The U.S. national live price average for barrows and gilts was US$66.82 per cwt. June 30.
U.S. hogs averaged US$85.76 on a carcass basis June 30, down from $85.85 June 23. The U.S. pork cutout was $102.92 per cwt. June 30, up from $101.15 June 23.
The estimated U.S. weekly slaughter for the week to July 1 was 2.192 million, up from 2.144 million in the previous holiday shortened week.
Slaughter was 2.119 million last year at the same time.
In Canada, the average for the week to July 1 Signature Five price was C$210.82 per 100 kilograms, up from $207.56 the previous week.
On a per hundredweight basis the average price was $94.95, up from $94.15 the previous week.
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 or more 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.
Sheep up, lambs down
Ontario Stockyards Inc. reported that 670 sheep and 45 goats sold June 26.
All classes of lambs lost last week’s gains. Good sheep sold $5-$10 cwt. higher. Goats sold barely steady.
Beaver Hill Auction in Tofield, Alta., reported that 1,431 sheep and 108 goats sold June 26.
Wool lambs lighter than 54 lb. were $255-300 per cwt., 55-69 lb. were $255-$290, 70-85 lb. were $240-265, 86-105 lb. were $210-$240 and 106 lb. and heavier were $205-$230.
Wool rams were $80-$150 per cwt. Cull ewes were $75-$151.
Hair lambs lighter than 54 lb. were $230-$275 per cwt., 55-69 lb. were $230-$263, 70-85 lb. were $216-$246, 86-105 lb. were $200-$230 and 106 lb. and heavier were $190-$219.
Hair rams were $85-140 per cwt. Cull ewes were $93-$103.