WP livestock report

Reading Time: 2 minutes

Published: June 23, 2016

Pork prices rise

Signs that pork shortages in China will lead to more pork exports from the United States are helping to lift hog futures. Rising domestic pork prices also supported hog values.

The average slaughter weight of barrows and gilts in Iowa-Minnesota last week was 281.9 pounds, down 1.2 pounds from the week before, but up one pound from the same week last year.

The United States national live price average for barrows and gilts was $60.84 per hundredweight June 17, up from $59.14 on June 10.

U.S. hogs averaged $79.81 on a carcass basis June 17, up from $77.39 June 10. The U.S. pork cutout was $87.70 per hundredweight June 17, up from $86.32 June 10.

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Concerned Chinese investors look at prices of shares (red for price rising and green for price falling) at a stock brokerage house in Jiujiang city, east Chinas Jiangxi province, 8 July 2013.

Chinese stocks tumbled on Monday (8 July 2013) on speculations that the resumed trading of Treasury bond futures and new share offerings will hurt stock prices. The Shanghai Composite Index dropped 48.93 points, or 2.44 percent, to 1,958.27 at the close.No Use China. No Use France.

Bond market seen as crop price threat

A grain market analyst believes the bond market is about to collapse and that could drive down commodity values.

The estimated U.S. weekly slaughter for the week to June 17 was 2.16 million, up from 2.086 million the previous week. Slaughter was 2.132 million last year at the same time.

In Canada, the Signature Three price for the week ending June 18 was C$85.29 per hundredweight or $188.04 per 100 kilograms, up from $83.09 and $183.19, respectively, the previous week.

Canadian pork exports to China in the first four months of this year totalled $154.5 million, up about 500 percent by value from the same period last year.

Total pork exports in the same period were $1.02 billion, up 13.4 percent.

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$4.45 with returns dependent on exchange rates, quality and export costs.

Grade A heifers sold for up to C$5.75 U.S. buyers are offering US$4.35.

Animals outside the desirable buyer specifications may be discounted.

Sheep prices steady

Ontario Stockyards Inc. reported that 1,011 sheep and lambs and 84 goats traded June 13. Sheep and lambs sold on a selective trade at mostly steady prices. Goats sold barely steady.

Markets at a glance

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