Hogs fall again
Abundant supply kept prices on the defensive.
The barrow and gilt dressed weight was 206 pounds, up one lb. from last year at the same time.
The U.S. national live price average for barrows and gilts was US$57.99 per cwt. Sept. 7, down from $50.55 Sept. 1.
U.S. hogs averaged $58.65 on a carcass basis Sept. 7, down from $61.95 Sept. 1.
The U.S. pork cutout was $82.12 per cwt. Sept. 7, down from $84.47 Sept. 1.
The estimated U.S. weekly slaughter for the week to Sept. 9 was 2.170 million, down from 2.315 million in the previous week.
Slaughter was 2.086 million last year at the same time.
In Canada, the average Signature Five price for the week to Sept. 9 was C$147.10 per 100 kilograms, down from $158.65 the previous week.
The average price was $66.72 on a per hundredweight basis, down from $71.96 the previous week.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.25–$6.40 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 444 sheep and lambs and 23 goats sold Sept. 5. A light offering of lambs sold on a very dull demand at extremely lower prices.
Sheep sold steady, and goats traded barely steady.
Beaver Hill Auction in Tofield, Alta., reported that 991 sheep and 56 goats sold Sept. 5.
Wool lambs lighter than 54 lb. were $225-250 per cwt., 55-69 lb. were $227.50-$252, 70-85 lb. were $215-240, 86-105 lb. were $195-$225 and 106 lb. and heavier were $190-$215.
Wool rams were $100-$143 per cwt. Cull ewes were $91-$132.
Hair lambs lighter than 54 lb. were $200-$235 per cwt., 55-69 lb. were $220-$235, 70-85 lb. were $200-$227, 86-105 lb. were $180-$210 and 106 lb. and heavier were $180-$200.
Hair rams were $96-$126 per cwt. Cull ewes were $85-$129.