WP livestock report

Reading Time: 2 minutes

Published: October 2, 2014

Hog prices up

U.S. packers increased their bids last week to ensure they had adequate supply.

Market-ready supply normally increases in October, but buyers were unsure what to expect because the porcine epidemic diarrhea virus is still killing piglets.

Packers were enjoying good margins, giving them room to lift bids.

Iowa-southern Minnesota hogs delivered were US $81-$82 per hundredweight Sept. 26, up from $78-$78.50 Sept. 19.

On a carcass basis, U.S. hogs averaged $105.42 Sept. 25, up from $104 per cwt. Sept. 19.

Read Also

Concerned Chinese investors look at prices of shares (red for price rising and green for price falling) at a stock brokerage house in Jiujiang city, east Chinas Jiangxi province, 8 July 2013.

Chinese stocks tumbled on Monday (8 July 2013) on speculations that the resumed trading of Treasury bond futures and new share offerings will hurt stock prices. The Shanghai Composite Index dropped 48.93 points, or 2.44 percent, to 1,958.27 at the close.No Use China. No Use France.

Bond market seen as crop price threat

A grain market analyst believes the bond market is about to collapse and that could drive down commodity values.

The U.S. pork cutout rose to $118.63 Sept. 26, up from $113.54 Sept. 19.

The estimated U.S. weekly slaughter for the week to Sept. 27 was 2.095 million, up from 2.05 million Sept. 20. Slaughter was 2.187 million last year at the same time.

The herd estimate in the U.S. Department of Agriculture’s Sept. 26 hogs and pigs report was larger than expected, as was the breeding herd estimate. It was expected to weaken hog futures this week.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range were C $4.10 per pound hot hanging weight with sales to a high of $4.55.

Grade A heifers sold for $3.95 with sales to a high of $4.35.

Animals outside the desirable buyer specifications may be discounted.

Sheep, lambs stronger

Beaver Hill Auction in Tofield, Alta., reported 1,546 sheep and 314 goats sold Sept. 22.

Wool lambs lighter than 54 lb. were $144-$180 per cwt., 55-69 lb. were $160-$185, 70-85 lb. were $160-$183, 86-105 lb. were $160-$179 and 106 lb. and heavier were $164-$175.

Wool rams were $60-$108 per cwt. Cull ewes were $50-$105.

Hair lambs lighter than 54 lb. were $129-$170 per cwt., 55 to 69 lb. were $151-$175, 70-85 lb. were $160-$174, 86-105 lb. were $160-$168 and 106 lb. and heavier were $158-$165.

Hair rams were $59-$125 per cwt. Cull ewes were $45-$135.

Feeder kids lighter than 60 lb. were $170-$220. Good kid goats lighter than 70 lb. were $225-$250. Those heavier than 70 lb. were $225-$250 per cwt. Nannies were $77.50-$95 per cwt. Billies were $130-$160.

Ontario Stockyards Inc. reported 1,590 sheep and lambs and 148 goats traded Sept. 22.

All classes of sheep, lambs and goats sold actively at $5-$10 cwt. higher.

Markets at a glance

explore

Stories from our other publications