The hog cash market continued to rise on stronger demand as two slaughter plants, the Seaboard Triumph Foods in Sioux City, Iowa, and Clemens Food in Coldwater, Michigan, have recently opened in the United States and packer margins have been attractive.
Buying for October Pork Month in the U.S. is coming to a close and the trade expects retailers will feature more turkey and beef in November.
The U.S. national live price average for barrows and gilts was US$48.39 per hundredweight Oct. 20, up from $43.56 Oct. 13.
U.S. hogs averaged $64.37 on a carcass basis Oct. 20, up from $57.48 Oct. 13.
The U.S. pork cutout was $75.50 per cwt. Oct. 20, up from $74.44 Oct. 13.
The estimated U.S. weekly slaughter for the week to Oct. 21 was 2.485 million, down from 2.516 million in the previous week.
Slaughter was 2.524 million last year at the same time.
In Canada, the average for the week to Oct. 21 Signature Five price was C$140.17 per 100 kilograms, up from $129.65 the week before..
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6–$6.25 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$5.75-$6 U.S. buyers are offering US$4.50.
Animals outside the desirable buyer specifications may be discounted.
Ontario Stockyards Inc. reported 1,162 sheep and lambs and 108 goats sold Oct. 16. All classes of sheep, lambs and goats sold steady.
Beaver Hill Auction in Tofield, Alta., reported 1,747 sheep and 265 goats sold Oct. 16.
Wool lambs lighter than 54 lb. were $180-$238 per cwt., 55 to 69 lb. were $206-$237, 70 to 85 lb. were $201-$227, 86 to 105 lb. were $190-$209 and 106 lb. and heavier were $190-$200.
Wool rams were $85-$145 per cwt. Cull ewes were $95-$155.
Hair lambs lighter than 54 lb. were $180-$205 per cwt., 55 to 69 lb. were $170-$222, 70 to 85 lb. were $190-$220, 86 to 105 lb. were $193-$197 and 106 lb. and heavier were $185-$195.
Hair rams were $97-$136 per cwt. Cull ewes were $95-$135 per cwt.