WP livestock report

Hogs edge higher

U.S. cash hogs rallied last week on big slaughter demand but prices could come under pressure this week as pork belly prices fell.

A recent stretch of rain and cool weather down the eastern seaboard is slowing grilling demand.

Iowa-southern Minnesota hogs delivered were US$50-$53.50 per hundredweight May 5, up from $49-$51.50 Apr. 28.

U.S. hogs averaged $71.27 on a carcass basis May 5, up from $69.28 Apr. 28. The U.S. pork cutout was $81.65 per cwt. May 5, down from $82.54 Apr 28.

The estimated U.S. weekly slaughter for the week to May 5 was 2.214 million, up from 2.139 million the previous week.

Slaughter was 2.111 million last year at the same time.

In Canada the Signature 3 price for the week ending May 7 was C$75.51 per cwt. or $166.46 per 100 kilograms, up from the previous week’s $71.32 and $157.23.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.00 per pound hot hanging weight. U.S. buyers are offering US$4.45 with returns dependent on exchange rates, quality and export costs.

Grade A heifers sold up to C$5.75 U.S. buyers are offering US$4.35.

Animals outside the desirable buyer specifications may be discounted.

Sheep stronger

Ontario Stockyards Inc. reported that 568 sheep and lambs and 19 goats traded May 2.

A light run of sheep, lambs and goats sold at much higher 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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