Seasonally tight supplies caused packers to compete for supply, lifting hog prices.
U.S. hogs averaged US$76.61 on a carcass basis June 9, up from $72.98 June 2. The U.S. pork cutout was $92.45 per cwt. June 9, up from $91.40 June 2.
The estimated U.S. weekly slaughter for the week to June 10 was 2.192 million, up from 1.972 million in the previous holiday-shortened week.
Slaughter was 2.09 million last year at the same time.
In Canada, the average Signature Five price for the week to June 10 was C$188.63 per 100 kilograms, up from $182.20 the previous week.
On a per hundredweight basis, the average price was $85.56, up from $82.64 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 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.
Ontario Stockyards Inc. reported that 1,165 sheep and 10 goats sold June 5. All classes of lamb sold barely steady to slightly lower. Sheep and goats traded steady.