Hogs slip
Retailers had covered most of their needs for the U.S. Memorial Day long weekend.
U.S. slaughter has been running below the level implied by the March Hogs and Pigs report, said Ron Plain and Scott Brown of the University of Missouri.
That might imply delayed marketings, which would weigh on summer hog prices.
The U.S. national live price average for barrows and gilts was US$56.90 per hundredweight May 27, down from $58.06 May 20. U.S. hogs averaged $72.20 on a carcass basis May 27, down from $74.69 May 20. The U.S. pork cutout was $83.56 per hundredweight May 27, up from $83.40 May 20.
Read Also
Biofuel sector happy with federal budget
Advanced Biofuels Canada says new Biofuel Production Incentive is a lifeline until CFR amendments are in place.
The estimated U.S. weekly slaughter for the week to May 27 was 2.181 million, down from 2.114 million the previous week.
Slaughter was 1.863 million last year at the same time.
In Canada, the Signature Three price for the week ending May 28 was C$81.06 per hundredweight, or $178.71 per 100 kilograms, down from $82.07 and $180.94 the previous week.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to $6 per pound hot hanging weight. U.S. buyers are offering US$4.45 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$5.75. U.S. buyers are offering US$4.35.
Animals outside the desirable buyer specifications may be discounted.
Sheep steady
Ontario Stockyards Inc. reported that 436 sheep and lambs and 87 goats traded May 24. A light run of sheep, lambs and goats sold steady.
