WP livestock report

Hogs rise

Profitable packer margins, good pork demand and seasonally tightening supplies lifted hog prices.

U.S. hogs averaged US$72.98 on a carcass basis June 2, up from $71.01 May 26. The U.S. pork cutout was $91.40 per cwt. June 2, up from $90.28 May 26.

The estimated U.S. weekly slaughter for the week to June 3, which included the Memorial Day holiday, was 1.972 million, down from 2.192 million the previous week.Slaughter was 1.897 million last year at the same time.

In Canada, the average for the week to June 3 Signature Five price was C$182.20 per 100 kilograms, up from $179.54 the week before.

On a per hundredweight basis the average price was $82.64 up from $81.44 the week before.

Bison steady

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 or more 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.

Lambs strong

Beaver Hill Auction in Tofield, Alta., reported 1,142 sheep and 82 goats sold May 29. All classes of lamb were strong.

Wool lambs lighter than 54 lb. were $261-$335 per cwt., 55 to 69 lb. were $260-$325, 70 to 85 lb. were $252-$306, 86 to 105 lb. were $223-$270 and 106 lb. and heavier were $220-$268.

Wool rams were $101-$177 per cwt. Cull ewes were $95-$182.

Hair lambs lighter than 54 lb. were $210-$305 per cwt., 55 to 69 lb. were $255-$275, 70 to 85 lb. were $235-$266, 86 to 105 lb. were $215-$240 and 106 lb. and heavier were $200-$225.

Hair rams were $85-$185 per cwt. Cull ewes were $90-$180.

Ontario Stockyards Inc. reported 1,037 sheep and lambs and 60 goats sold at the May 29 sale. Light lambs traded steady.

Heavy lambs were $5 to $10 per cwt. lower. Good lean sheep sold actively as prices $7 to $10 lower.

Thick sheep were $10 to $12 lower. Good goats sold at a premium.

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