Western Producer Livestock Report – for Oct. 13, 2011

HOGS HIGHER

Good export demand for pork and strong packer margins pushed cash hog prices higher in the United States.

The offshore demand, especially from China, is making a big difference at a time in the season when rising supply usually pressures prices lower.

Twenty-two percent of U.S. pork production is dedicated to exports, market sources told Reuters.

Iowa-southern Minnesota cash hogs delivered to plants rose to $70 US per hundredweight Oct. 7, up from $67.50 Sept. 30.

Cash U.S. pork carcass cut-out value closed at $97.65 Oct. 7, down from $98.06 Sept. 30.

The U.S. federal weekly slaughter estimate was 2.34 million, up from 2.25 million the previous week.

BISON STEADY

The Canadian Bison Association said grade A bulls in the desirable weight range were $3.85-$4 per pound hot hanging weight. Grade A heifers were $3.80-$4.

Animals older than 30 months and those outside the desirable weight range may be discounted.

Slaughter cows and bulls averaged $2.80.

ALTA. SHEEP STRONGER

Beaver Hill Auction in Tofield, Alta., reported 1,519 sheep and 168 goats sold Oct. 3.

Wool lambs lighter than 70 lb. were $205-$240 per cwt., 70-85 lb. were $180-$220, 86-105 lb. were $172-$197 and 106 lb. and heavier were $170-$188.

Wool rams were $70-$85 per cwt. Cull ewes were $65-$75 and bred ewes were $180-$210 per head.

Hair lambs lighter than 70 lb. were $187-$214 per cwt., 70-85 lb. were $170-$195, 86-105 lb. were $155-$180 and 106 lb. and heavier were $150-$173.

Hair rams were $70-$92 per cwt. Cull ewes were $65-$75.

Good kid goats lighter than 50 lb. were $200-$235. Those heavier than 50 lb. were $200-$237.50 per cwt. Nannies were $75-$95 per cwt. Billies were $100-$141.

Ontario Stockyards Inc. reported 1,544 sheep and lambs and 165 goats traded Oct. 3. All classes of lambs sold steady, while feeder lambs traded stronger. Sheep and goats were steady.

About the author

Comments

Markets at a glance

Copyright © 2018. All market data is provided by Barchart Market Data Solutions. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

explore

Stories from our other publications