HOGS STEADY
U.S. hog cash prices outperformed pork prices, cutting into processor margins, but they remained profitable.
Wintery weather in the Midwest disrupted hog transportation.
The stronger Canadian dollar pressured local prices lower.
Iowa-southern Minnesota hogs delivered were US$46.50-$48.50 per hundredweight Feb 26, steady with $46.50-$48.50 Feb 19.
U.S. hogs averaged $62.22 on a carcass basis Feb. 26, down from $62.50 Feb 19.
The U.S. pork cutout rose above $75.50 midweek but closed at $74.22 per cwt. Feb. 26, down a little from $74.63 Feb. 19.
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Critical growing season is ahead for soybeans
What the weather turns out to be in the United States is going to have a significant impact on Canadian producers’ prices
The estimated U.S. weekly slaughter for the week to Feb. 26 was 2.211 million, down from 2.294 million the previous week.
Slaughter was 2.259 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$6 per pound hot hanging weight. U.S. buyers are offering US$4.35 with returns dependent on ex-change rates, quality and export costs.
Grade A heifers sold up to C$5.75. American buyers are offering US$4.10. Animals outside the desirable buyer specifications may be discounted.
SHEEP STRONGER
Beaver Hill Auction in Tofield, Alta., reported that 788 sheep and 257 goats sold Feb. 22.
Wool lambs lighter than 54 lb. were $225-$250 per cwt., 55-69 lb. were $229-$250, 70-85 lb. were $223-$248, 86-105 lb. were $185-$230 and 106 lb. and heavier were $146-$179.
Hair lambs lighter than 54 lb. were $210-$240 per cwt., 55-69 lb. were $220-$245, 70-85 lb. were $220-$237, 86-105 lb. were $180-$210 and 106 lb. and heavier were $140-$162.
Feeder kids lighter than 60 lb. were $220-$245. Good kid goats lighter than 70 lb. were $230-$295. Ontario Stockyards Inc. reported that 859 sheep and lambs and 52 goats traded Feb 22.
New crop lambs sold at prices $5-10 cwt. higher.
Heavy lambs traded $5-7 cwt. higher. Sheep sold steady. Good goats traded higher.
