Hog prices dip
U.S. hog prices fell again on ample supply and slow export movement.
Labour disruptions at U.S. west coast ports have backed up the export pipeline and contributed to the oversupply in the market.
Many grocery chains are featuring lower priced pork as an alternative to expensive beef, but that is not enough to lower stocks.
Some packing plants planned to be closed on the U.S. Presidents Day holiday Feb. 16.
Iowa-southern Minnesota hogs delivered were US$44.50-$45 per hundredweight Feb. 13, down from $47-$48 Feb. 6.
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U.S. hogs averaged $56.96 on a carcass basis Feb. 13, down from $60.58 Feb. 6. The U.S. pork cutout dropped to $72.13 per cwt. Feb. 13, down from $72.94 Feb. 6.
The estimated U.S. weekly slaughter for the week to Feb. 14 was 2.22 million, down from 2.25 million the previous week. Slaughter was 2.095 million last year at the same time.
Bison stronger
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$4.60 per pound hot hanging weight. U.S. buyers are offering US$4.10-$4.15 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$4.40. U.S. buyers are offering US$3.90.
Animals outside the desirable buyer specifications may be discounted.
Sheep and goats
Beaver Hill Auction in Tofield, Alta., reported 347 sheep and 17 goats sold Feb. 9.
Wool lambs lighter than 54 lb. were $230-$250 per cwt., 55 to 69 lb. were $240-$260, 70 to 85 lb. were $235-$257, 86 to 105 lb. were $199-$237 and 106 lb. and heavier were $172-$187.
Wool rams were $73-$95 per cwt. Cull ewes were $73-$160 and bred ewes were $140-$220 per head.
Hair lambs lighter than 54 lb. were $220-$240 per cwt., 55-69 lb. were $210-$230, 70-85 lb. were $210-$230, 86-105 lb. were $190-$210 and 106 lb. and heavier were $168-$177.
Hair rams were $73-$124 per cwt. Cull ewes were $78-$158.
Feeder kids lighter than 60 lb. were $195-$210. Good kid goats lighter than 70 lb. were $220-$250. Those heavier than 70 lb. were $230-$260 per cwt. Nannies were $120-$165 per cwt. Billies were $130-$150.
Ontario Stockyards Inc. reported 834 sheep and lambs and 37 goats traded Feb. 9. All classes of lambs sold higher. Good sheep traded $5-$7 cwt. higher with fat sheep selling barely steady. Goats held steady.
