Pork prices drop
SASKATOON (Staff) — Packers had more than ample pork supplies over the Victoria Day holiday weekend, resulting in lower prices across Canada.
In Saskatchewan, 17,533 hogs were sold, a decline of 4,500 hogs from sales in mid-May at a price of $148.30 per hundred kilograms, down 90 cents from the previous week.
In Alberta, marketings were off by 8,000 head as only 32,883 hogs were sold. Prices were off by just a bit, at $148.30 per ckg.
Manitoba prices were off by just 13 cents, for a pooled average of $152.48 per ckg. Sales were 4,000 head lower, at 32,223.
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In Omaha, cash hogs were trading at $42.50 (U.S.), down by $1.50 on the week. Federally inspected U.S. slaughter was 1.72 million head, up by nearly three percent over the previous week.
Cattle markets still taking a bath
Slaughter cattle prices appeared to stabilize late in the week at about $65 per cwt (U.S.) in the big feedlot states, after dipping down to $62 earlier in the week.
Meanwhile, Canadian prices continued to follow the U.S. market, averaging $4-$5 lower, Canfax said in its weekly market report. On May 26, steers were trading between $76.95 and $81.15 while heifers were priced between $76.50 and $80.75.
D1 and D2 cows were steady to $2 per cwt. lower, at prices between $58-$68 per cwt. Top sales were recorded at $70 for grain-fed cows.
