Hogs little changed
Pork prices stayed low, resulting in U.S. hog cash prices that were similar to the previous week.
U.S. meat exports will be challenged by the rising U.S. dollar. Worries about U.S. employment levels and the world economy put downward pressure on all commodities, including livestock.
China imposed anti-dumping duties on U.S. chicken imports, and the U.S.-Russia chicken trade dispute lingered, which could force more chicken on the domestic U.S. market, increasing competition for pork.
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Feeder market consolidates at historic highs
For the week ending Sept. 6, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier.
Iowa-southern Minnesota cash hogs delivered to plants were $48.50-$49 US per cwt. Feb. 5, similar to $49 Jan. 29.
The U.S. pork carcass cut-out value fell to about $67.50 midweek but rose late to finish at $69.12 Feb. 5, almost equal with $69.16 the week before.
U.S. federal slaughter to Feb. 6 was estimated at 2.149 million, up from 2.142 million the previous week.
Bison prices steady
The Canadian Bison Association said top grades might improve because U.S. supply is tightening.
Grade A youthful bulls younger than 30 months in the desirable weight range were $2.25 to $2.55 per lb. hot hanging weight.
Grade A youthful heifers younger than 30 months in the desirable weight range were $2.10 to $2.40.
Older than 30 month bulls and heifers were about 10 cents lower than the younger animals.
Slaughter cows and bulls sold at $1.50 per lb. hot hanging weight.
Sheep steady
Ontario Stockyards reported 1,208 sheep and lambs and 56 goats sold Feb. 1. All classes of sheep, lambs and goats sold actively at steady prices.
