The hog cash market continued to rise on stronger demand. Packers are enjoying strong margins. The large slaughter is putting a lot of pork on the market, but cutouts are at the same level as last year.
U.S. pork exports were flat in August but are expected to be higher than last year in September and October.
The U.S. national live price average for barrows and gilts was US$43.56 per cwt. Oct. 13, up from $41.62 Oct. 6.
U.S. hogs averaged $57.48 on a carcass basis Oct. 13, up from $52.03 Oct. 6. The U.S. pork cutout was $74.44 per cwt. Oct. 13, up from $72.61 Oct. 6.
The estimated U.S. weekly slaughter for the week to Oct. 14 was 2.516 million, down from 2.524 million in the previous week.
Slaughter was 2.305 million last year at the same time.
In Canada, the average for the week to Oct. 14 Signature Five price was C$129.65 per 100 kilograms, up from $121.61 the week before.
On a per hundredweight basis, the average price was $58.51 up from $55.16 the week before.
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 408 sheep and lambs and eight goats sold Oct. 10. A light run of lambs sold steady. Lean sheep sold higher with thicker types steady. Goats sold steady.