A large number of meat importers stopped taking Brazilian meat because of the bribery scandal, but that did little to raise Chicago hog futures. Cash hog supply was adequate for demand.
The U.S. national live price average for barrows and gilts was US$52.34 per cwt. March 24, down from $53.01 March 17.
U.S. hogs averaged $64.38 on a carcass basis March 24, down from $65.43 March 17.
The U.S. pork cutout was $78.48 per cwt. March 24, down from $81.60 March 17.
The estimated U.S. weekly slaughter for the week to March 25 was 2.313 million, down from 2.335 million the previous week.
Slaughter was 2.166 million last year at the same time.
In Canada, the March 25 Signature Five price was C$166.39 per 100 kilograms, down from $169.21 the previous week.
The price was $75.47 o a per hundredweight basis, down from $76.75 the previous week.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.30-$6.50 per pound hot hanging weight. U.S. buyers are offering US$4.75 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$6-$6.30. U.S. buyers are offering US$4.50. Animals outside the desirable buyer specifications may be discounted.
Ontario Stockyards Inc. reported that 646 sheep and lambs and 22 goats traded March 20. All classes of lambs and goats traded steady to strong. Sheep sold steady.