Hogs lower
Falling pork prices and a cool summer that is allowing rapid weight gain pressured U.S. cash hog prices lower.
Packers have reduced their slaughter to account for the reduced number of market ready hogs.
The average live slaughter weight of barrows and gilts in Iowa-Minnesota was 284.8 pounds two weeks ago, a record 13.7 lb. heavier than the same week last year.
Iowa-southern Minnesota hogs delivered were $93-$94 US per cwt. July 25, down from $97.50-$98 July 18.
On a carcass basis, U.S. hogs averaged $124.27 per cwt. July 25, down from $127.36 July 18.
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The U.S. pork cutout was $131.79 July 25, down from a record $137.56 July 18.
U.S. estimated weekly slaughter for the week to July 26 was 1.862 million, up from 1.833 million the previous week. Slaughter was 1.99 million last year at the same time.
Bison steady
The Canadian Bison Association said strong demand for finished bison kept prices steady over the past week.
Grade A bulls in the desirable weight range were $4.10 Cdn per lb. hot hanging weight.
Grade A heifers sold at prices up to $3.95.
Animals outside the desirable buyer specifications may be discounted.
Lambs steady
Ontario Stockyards Inc. reported that 2,638 sheep and lambs and 101 goats traded July 21.
All well-finished lambs sold steady. Underfinished animals sold under pressure. Sheep and goats traded at steady prices.
