Hogs down
An ample supply of market ready hogs kept downward pressure on the U.S. cash market.
Strong packer margins helped to limit the fall in hog bids.
Pork prices rose on good demand from retailers and buying in preparation for the resumption of school lunch programs.
Iowa-southern Minnesota hogs delivered were US$56.50-$57 per hundredweight Aug 7, down a little from $57.50 July 31.
U.S. hogs averaged $74.11 on a carcass basis Aug 7, down from $74.42 July 31.
The U.S. pork cutout rose to $90.17 per cwt. Aug 7, up from $87.48 July 31.
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The estimated U.S. weekly slaughter for the week to Aug. 08 was 2.126 million, down from 2.132 million the previous week.
Slaughter was 1.928 million last year at the same time.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5.25 per pound hot hanging weight. U.S. buyers are offering US$4.25 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$5.05. U.S. buyers are offering US$4.10.
Animals outside the desirable buyer specifications may be discounted.
Sheep firm
Ontario Stockyards Inc. reported that 926 sheep and lambs and 40 goats traded Aug. 3.
All class of lambs, sheep and goats sold actively at steady to strong prices.
