HOGS SHARPLY LOWER
Ample supply lowered hog prices. U.S. hog carcasses rose 1.9 pounds and could climb more as better quality corn becomes available.
U.S. packer margins are strong, but they are reluctant to increase kill volume because they question the market for pork. August pork exports from the U.S. were down 8.4 percent from July and about one percent less than last year.
Iowa-southern Minnesota cash hogs delivered to plants plunged to $49 US per hundredweight Oct. 15 from $56 Oct. 8.
The U.S. pork carcass cut-out value rose to $81.07 Oct. 15 from $80.91 Oct. 7. U.S. federal slaughter rose to 2.26 million from 2.25 million the previous week.
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BISON SET RECORDS
The Canadian Bison Association said prices are at a record high because of the tight supply. Buyers are showing resistance to the price level. Feeder prices are also high.
Grade A bulls in the desirable weight range rose to $3 to $3.45 per lb. hot hanging weight. Grade A heifers rose to $3 to $3.45.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls rose to $2.10-$2.40.
Yearling feeders were $1.80-$2.
LAMBS MOSTLY STEADY
Beaver Hill Auction in Tofield, Alta., reported 577 sheep and 93 goats sold Oct. 4.
Good wool lambs and kid goats were steady. Hair lambs and poor goats were discounted $50 to $80 per cwt.
Lambs lighter than 70 lb. were $120-$180 per cwt. Lambs 70 to 85 lb. were $120-$169, 86 to 105 lb. were $122-$155 and those heavier than 105 lb. were $130-$138.
Rams were $50-$75 per cwt. Cull ewes were $45-$69 and bred ewes were $67-$84.
Good kid goats heavier than 50 lb. were $160-$197.50 per cwt. Nannies were $60-$79 per cwt. Mature billies were $100-$132.50.
Ontario Stockyards sold 452 sheep and lambs and 78 goats Oct. 12. Sheep, lambs and goats were steady in a light offering.
