WP livestock report

Reading Time: < 1 minute

Published: January 25, 2016

Hogs creep higher

Solid pork demand and a shift to colder U.S. Midwest weather that might slow deliveries supported American hog prices.

Iowa-southern Minnesota hogs delivered were US$39–$39.50 per hundredweight Jan. 8, up from $38 Jan. 4.

U.S. hogs averaged $51.03 on a carcass basis Jan. 8, up from $48.96 Dec 31.

The U.S. pork cutout was $69.95 per cwt. Jan. 8, up from $68.83 Dec. 31.

The estimated U.S. weekly slaughter for the week to Jan. 8 was 2.148 million, up from 2.027 million the previous week.

Slaughter was 2.899 million last year at the same time.

Read Also

Grain corn acres are expected to jump slightly this year in Manitoba, possibly hitting 400,000 acres | Robert Arnason photo

Food vs. fuel debate simmers in the background

The OECD/FAO are forecasting that 27% of the global cereals crop will go to biofuels and other industrial purposes by 2034.

In Canada, the Maple Leaf Signature three cash price was C$129.74 per 100 kilograms.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5.75 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$5.60. U.S. buyers are offering US$4.10. Animals outside the desirable buyer specifications may be discounted.

Lambs strong

Ontario Stockyards Inc. reported that 703 sheep and lambs and 12 goats traded Jan. 4. Well-fed new crop lambs sold on a good demand at strong prices. Well-fed heavy lambs, sheep and goats traded at higher prices.

Markets at a glance

explore

Stories from our other publications