Hogs fall again
Ample supply continued to weigh on hog markets.
The U.S. national live price average for barrows and gilts was US44.33 per cwt. April 14, down from $47.25 April 7.
U.S. hogs averaged $56.04 on a carcass basis April 14, down from $58.17 April 7.
The U.S. pork cutout was $74.58 per cwt. April 14, down from $75.28 April 7.
The estimated U.S. weekly slaughter for the week to April 15 was 2.223 million, down from 2.306 million the previous week.
Slaughter was 2.195 million last year at the same time.
In Canada the April 15 Signature Five price was C$147.85 per 100 kilograms, down from $154.93 the week before.
On a per hundredweight basis the price was $67.06 down from $70.28 the week before.
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, while U.S. buyers are offering US$4.50. Animals outside the desirable buyer specifications may be discounted.
Beaver Hill Auction in Tofield, Alta., reported that 445 sheep and 116 goats sold April 10.
Wool lambs lighter than 54 lb. were $220-$300 per cwt., 55-69 lb. were $220-$310, 70-85 lb. were $225-270, 86-105 lb. were $200-$215 and 106 lb. and heavier were $190-$208.
Wool rams were $80-$142 per cwt. Cull ewes were $94-$136.
Hair lambs lighter than 54 lb. were $200-$269 per cwt., 55-69 lb. were $200-$274, 70-85 lb. were $210-$245, 86-105 lb. were $178-$210 and 106 lb. and heavier were $177-$190.
Hair rams were $85-128 per cwt. Cull ewes were $109-$127.
Ontario Stockyards Inc. reported that 2,282 sheep and lambs and 114 goats traded April 10. Fancy lightweight new crop lambs sold $20-$25 cwt. lower with others selling under further pressure at lower prices. Heavy lambs sold higher. Good sheep traded steady, while over-finished and thinner types were under pressure. Good goats sold barely steady.