WP livestock report

Hogs stronger

Steady demand, tighter hog supply and rising pork prices lifted cash hog markets again last week.

The May Chicago lean hogs futures contract expired nearly in line with the cash price.

Deferred contract months were at a premium to the cash, and some market watchers suggested packers might slow slaughter to try to pressure hog prices lower and pork prices higher.

Iowa-southern Minnesota hogs delivered were US$60-$60.50 per hundredweight May 15, up from $58-$59 May 8.

U.S. hogs averaged $80.63 on a carcass basis May 15, up from $77.86 May 8. The U.S. pork cutout rose to $83.48 per cwt. May 15, up from $79.57 May 8.

The estimated U.S. weekly slaughter for the week to May 16 was 2.08 million, down from 2.09 million the previous week.

Slaughter was 21.97 million last year at the same time.

Bison remain strong

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5 per pound hot hanging weight. U.S. buyers are offering US$4.10-$4.20 with returns dependent on exchange rates, quality and export costs.

Grade A heifers sold up to C$4.85. U.S. buyers were offering US$3.90.

Animals outside the desirable buyer specifications may be discounted.

At the May 13 Kramer Auction sale, 418 bison sold into a strong market. Bulls born in 2014 weighing 500-600 lb.averaged $3.52 per lb. live and bulls 400-500 lb. averaged $3.67. Heifers born in 2014 weighing 400-500 lb. averaged $3.08 per lb. and heifers 500-600 lb. averaged $3.35.

Sheep steady

Beaver Hill Auction in Tofield, Alta., reported 808 sheep and 71 goats sold May 11.

Wool lambs lighter than 54 lb. were $230-$315 per cwt., 55-69 lb. were $260-$300, 70-85 lb. were $240-$285, 86-105 lb. were $202.50-$250 and 106 lb. and heavier were $192.50-$227.

Wool rams were $75-$170 per cwt. Cull ewes were $80-$140 and bred ewes were $220-$430 per head.

Hair lambs lighter than 54 lb. were $210-$290 per cwt., 55-69 lb. were $235-$290, 70-85 lb. were $225-$270, 86-105 lb. were $195-$230 and 106 lb. and heavier were $190-$205.

Hair rams were $75-$95 per cwt. Cull ewes were $95-$150 and ewe/lamb families were $325-$560 per unit.

Feeder kids lighter than 60 lb. were $230-$270. Good kid goats lighter than 70 lb. were $235-$275. Those heavier than 70 lb. were $225-$255 per cwt. Nannies were $95-$175 per cwt. Billies were $125-$160.

Ontario Stockyards Inc. reported that 1,153 sheep and lambs and 107 goats traded May 11.

New crops opened at stronger prices, but closed barely steady. Heavy lambs and sheep held steady. Good goats sold at premium prices.


Copyright © 2016. All market data is provided by Barchart Market Data Solutions. Futures: at least 10 minute delayed except as noted. 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.
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