Chicago hog futures have been edging higher, as have pork prices, but the cash price has not yet responded.
U.S. carcass weights have declined as packers maintain a near-record pace of slaughter and enjoy robust profit margins.
The U.S. national live price average for barrows and gilts was US$31.95 per cwt. Nov. 25, down from $32.72 Nov. 18.
U.S. hogs averaged $41.88 on a carcass basis Nov. 25, up from $40.41 Nov 18. The U.S. pork cutout was $74.03 per cwt. Nov. 25, up from $73 Nov. 18.
The estimated U.S. weekly slaughter for the week to Nov. 25 was 2.152 million, down from 2.531 million the previous week.
Slaughter was 2.110 million last year at the same time.
In Canada, the Nov. 26 Signature Five price was C$111.69 per 100 kilograms, down from $112.29 the previous week.
The price was $50.66 on a per hundredweight basis, down from $50.93 the previous week.
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$4.60 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$4.40. Animals outside the desirable buyer specifications may be discounted.
Beaver Hill Auction in Tofield, Alta., reported that 681 sheep and 101 goats sold Nov. 21.
Wool lambs lighter than 54 lb. were $194-$223 per cwt., 55-69 lb. were $215-$229, 70-85 lb. were $193-$230, 86-105 lb. were $187-$206 and 106 lb. and heavier were $180-$195. Wool rams were $80-$157 per cwt. Cull ewes were $70-$120.
Hair lambs lighter than 54 lb. were $170-$208 per cwt., 55-69 lb. were $195-$225, 70-85 lb. were $184-$220, 86-105 lb. were $184-$195 and 106 lb. and heavier were $175-$189.
Ontario Stockyards Inc. reported that 1,225 sheep and lambs and 75 goats traded Nov. 21.
All lambs, goats and thicker type sheep sold steady. Lean sheep sold higher.