The U.S. quarterly pigs report said the U.S. herd was four percent larger than a year ago at 70.976 million head. The report came in close to expectations.
The weekly U.S. slaughter increased at a time when the number should be getting smaller. The large slaughter increased pork supply, which in turn weighed on the cash hog market.
The U.S. national live price average for barrows and gilts was US$50.25 per cwt. March 31, down from $52.34 March 24.
U.S. hogs averaged $61.38 on a carcass basis March 31, down from $64.38 March 24.
The U.S. pork cutout was $75.40 per cwt. March 31, down from $78.48 March 24.
The estimated U.S. weekly slaughter for the week to April 1 was 2.343 million, up from 2.313 million the previous week.
Slaughter was 2.184 million last year at the same time.
In Canada, the April 1 Signature Five price was C160.54 per 100 kilograms, down from $166.39 the previous week.
On a per hundredweight basis the price was $72.82 down from $75.47 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 747 sheep and lambs and 107 goats traded March 27. All classes of lambs and goats traded steady. Sheep traded at barely steady prices.