There was a slight backup of market- ready hog supply in the United States because of the long weekend.
Strong competition from chicken is keeping pressure on pork prices. The stronger loonie cut into Canadian prices.
Iowa-southern Minnesota cash hogs delivered to plants sold for $57 US per cwt. early in the week but edged higher to $58 July 9, up from $57 July 2.
The U.S. pork carcass cut-out value was $83.63 July 9, up from $82.42 July 2.
U.S. federal slaughter to June 26 was estimated at 1.72 million, down from 1.97 million the previous week.
Read Also
Agriculture ministers agree to AgriStability changes
federal government proposed several months ago to increase the compensation rate from 80 to 90 per cent and double the maximum payment from $3 million to $6 million
BISON RANGE NARROWS
The Canadian Bison Association said the price range narrowed but generally the market was steady.
Grade A bulls in the desirable weight range were $2.60 to $2.80 Cdn per pound hot hanging weight.
Grade A heifers in the desirable weight range were $2.50 to $2.70.
Older than 30 month animals and those outside the desirable weight range may be discounted.
Slaughter cows and bulls were steady at $1.75.
LAMBS HIGHER
Ontario Stockyards Inc. reported that 955 sheep and lambs and 93 goats traded July 5. All classes of lambs sold at prices steady to stronger. Sheep traded $5 higher. Goats were steady.
Olds Auction in Olds, Alta., said 125 head traded in its July 6 sale. Feeder lambs were $90 to $150 per head. Ewes were $75 to $110 per head. Rams were $110 to $150 per head. Nannies were $80 to $140 per head and billies were $150 to $195.
