HOG PRICES RISE
Rising pork prices caused packers to raise U.S. hog cash prices.
Analysts think the high cut-out prices could hurt demand.
The U.S. created more jobs than expected in March and the unemployment level dropped. That should support meat demand.
Iowa-southern Minnesota cash hogs delivered to plants rose to $66- $66.50 US per hundredweight April 1, up from $62 March 25.
The U.S. pork carcass cut-out value climbed as high as $95.39 March 31 and closed the week at $94.12, up from $93.53 March 25.
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The U.S. federal slaughter estimate was 2.128 million head, up from 2.116 million the previous week.
BISON STILL STRONG
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.60-$3.80 per pound hot hanging weight. Grade A heifers were $3.50-$3.80.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls were $2.50-$2.70.
Movement might slow if animals become inaccessible because of the spring melt.
LAMBS WEAKEN
Beaver Hill Auction in Tofield, Alta., reported 360 sheep and 147 goats sold March 28.
Wool lambs lighter than 70 lb. were $237.50-$259 per cwt., 70-85 lb. were $218-$231, 86-105 lb. were $190-$204 and 106 lb. and heavier were $172-$188.
Wool rams were $72-$85 per cwt. Cull ewes were $66-$78 and bred ewes were $245-$305 per head.
Hair lambs lighter than 70 lb. were $220-$228 per cwt., 70-85 lb. were $227.50-$234, 86-105 lb. were $185- $201 and 106 lb. and heavier were $170-$189. Hair rams were $72-$85 per cwt. Cull ewes were $75-$82.
Good kid goats lighter than 50 lb. were $160-$237.50. Those heavier than 50 lb. were $180-$237.50 per cwt.
Ontario Stockyards Inc. reported 1,220 sheep and lambs and 95 goats traded March 28. Light lambs fell $7-$10 cwt. Sheep dropped $5-$7 cwt. Heavy lambs and goats sold steady.
