The U.S. quarterly hogs and pigs report showed the total herd was up two percent, similar to trade expectations.
The breeding herd was up one percent and the market hog herd up three percent, also similar to expectations.
The trade thinks that today’s low ham prices will attract strong export demand that will help absorb the large amount of meat produced as American slaughter increases this fall. In the week to Sept. 21, American pork exports were 36,000 tonnes, the largest of the year and up 69 percent from the previous four week average.
The U.S. national live price average for barrows and gilts was US$38.27 per hundredweight Sept. 29, down from $40 Sept. 22.
U.S. hogs averaged $47.75 on a carcass basis Sept. 29, down from $48.70 Sept. 22.
The U.S. pork cutout was $73.33 per cwt. Sept. 29, up from $72.70 Sept. 22.
The estimated U.S. slaughter for the week to Sept. 30 was 2.534 million, up from 2.501 million in the previous week.
Slaughter was 2.453 million last year at the same time.
In Canada, the average Signature Five price for the week to Sept. 30 was C$119.49 per 100 kilograms, down from $126.54 the previous week.
On a per hundredweight basis, the average price was $54.20, down from $57.40 the previous week.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6–$6.25 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$5.75-$6. U.S. buyers are offering US$4.50.
Animals outside the desirable buyer specifications may be discounted.
Ontario Stockyards Inc. reported that 824 sheep and lambs and 50 goats sold Sept. 25. Good, well-finished light and heavy lambs sold well. All other lambs, sheep and goats sold steady.
Beaver Hill Auction in Tofield, Alta., reported that 763 sheep and 332 goats sold Sept. 25.
Wool lambs lighter than 54 lb. were $190-239 per cwt., 55-69 lb. were $230-$247, 70-85 lb. were $201-$228, 86-105 lb. were $188-$214 and 106 lb. and heavier were $185-$204.
Wool rams were $108-$134 per cwt. Cull ewes were $95-$155.
Hair lambs lighter than 54 lb. were $190-$225 per cwt., 55-69 lb. were $205-$232, 70-85 lb. were $190-$227, 86-105 lb. were $178-$200 and 106 lb. and heavier were $185-$197.
Hair rams were $104-$145 per cwt. Cull ewes were $95-$139.