Hogs rise
U.S. hog prices jumped higher as the supply of market-ready hogs tightened and pork prices rose.
Retailers were buying for the grilling season.
However, the rally might be short as weak exports and a large supply of frozen pork hang over the market. Also, packer margins are weak.
Iowa-southern Minnesota live hogs rose to $69 US per hundredweight June 8, up from $63.50 June 1.
U.S. pork carcass cut-out values rose to $84.80, up from $82.39 June 1.
The U.S. federal weekly slaughter was estimated at two million, up from 1.83 million during the week shortened by Memorial Day.
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The deputy chief economist of Farm Credit Canada says 92 per cent of Canada’s total exports to the U.S. went into the country duty-free in June.
Bison steady
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.65-$3.90 Cdn per pound hot hanging weight.
Grade A heifers were $3.60-$3.90.
Animals outside the desirable weight range and parameters may be discounted.
Slaughter cows and bulls averaged $2.40-$2.60.
In the live market, heifers born in 2011 were $2-$2.40 and bulls were $2.25-$2.65.
Lambs sharply lower
Ontario Stockyards Inc. reported 1,174 sheep and lambs and 30 goats traded June 4.
All lambs opened trading at barely steady prices and closed $10-$15 cwt. lower.
Sheep sold barely steady to $5 cwt. lower. Goats traded steady.
