U.S. pork prices peaked Aug. 24 but then fell sharply as the demand for Labour Day was filled.
Traders believe high pork prices will restrict demand, lowering demand for hogs. Demand for meat could also drop seasonally as the barbecue season winds down.
Iowa-southern Minnesota cash hogs delivered to plants fell to $60.50 US per cwt. Aug. 27, down from $63.50 Aug. 20. The U.S. pork carcass cut-out value soared to $93.51 Aug. 27, up from $95.49 Aug. 20.
U.S. federal slaughter to Aug. 28 was estimated at 2.11 million, up from 2.07 million the previous week.
BISON REACH 10 YEAR HIGH
The Canadian Bison Association said the market has strengthened in response to tightening supplies of finished Grade A bison.
Grade A bulls in the desirable weight range were $2.80 to $3 Cdn per pound hot hanging weight. The top end of the price range was a 10-year high.
Grade A heifers in the desirable weight range were steady at $2.75 to $3. Older than 30 month animals and those outside the desirable weight range may be discounted.
Slaughter cows and bulls were $2 to $2.20.
LAMBS STEADY TO HIGHER
Ontario Stockyards Inc. reported that 1,448 sheep and lambs and 115 goats traded Aug. 23. All classes of lambs sold steady to higher. Sheep were barely steady. Goats were steady.