Hog prices surged higher, propelled by higher pork prices and a rising cattle market.
Market ready hog supply was tight and demand was excellent.
Iowa-southern Minnesota cash hogs delivered to plants rose to $57 US per hundredweight, up from $52 April 1.
The U.S. pork carcass cut – out value rose to $79.51 April 9, up from $74.14 April 1.
Hog prices might have peaked seasonally as packers were expected to reduce slaughter.
U.S. federal slaughter to April 10 was estimated at 2.1 million, down from 2.17 the previous week.
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April hog futures posted the highest level for a lead contract in nearly 20 months on April 7.
The Canadian Bison Association said the market was steady with grade A youthful bulls younger than 30 months in the desirable weight range at $2.45 to $2.60 per pound hot hanging weight.
Grade A youthful heifers younger than 30 months in the desirable weight range were $2.30 to $2.45.
Carcasses outside the desired weight ranges were discounted by up to 15 cents per lb.
Slaughter cows and bulls sold at $1.50 hot hanging weight.
Ontario Stockyards on April 5 sold 1,044 sheep and lambs and nine goats. A light run of good lambs sold at the high Easter prices. Sheep and goats sold barely steady.
