HOLIDAY DEMAND LIFTS HOGS
U.S. cash hogs traded a little stronger last week on support from demand for the coming Memorial Day holiday, the usual start to barbecue season.
Warmer weather across the United States is expected to help meat demand, which has suffered from a cool spring. Also, retailers have been stocking up on pork instead of higher priced beef.
Iowa-southern Minnesota cash hogs delivered to plants were $68 US per hundredweight May 13, up from $67 May 6.
The U.S. pork carcass cut-out value rose to $95.35 May 13 from $90.44 May 6.
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Feedgrain prices expected to plummet
A massive U.S. corn crop is keeping a lid on Canadian feed barley prices.
The U.S. federal slaughter estimate was 1.978 million head to May 13, compared to 1.989 million head to May 7.
BISON PRICES RISE
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.90-$4.10 per pound hot hanging weight. Grade A heifers were $3.85-$4.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls averaged $2.75.
LAMB STEADY TO STRONGER
Ontario Stockyards Inc. reported 968 sheep and lambs and 24 goats traded May 9. All classes of lambs sold actively at steady to slightly stronger prices. Sheep and goats traded steady.
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