Hog prices rose after the U.S. Department of Agriculture’s hogs and pigs report said the U.S. herd was smaller than expected.
The breeding herd was also smaller than expected.
Rising pork prices supported cash hog prices.
Iowa-southern Minnesota cash hogs delivered to plants rose to $52 US per hundredweight, up from $50 March 26.
The U.S. pork carcass cut-out value rose to $74.14 April 1, up from $70.76 March 26.
U.S. federal slaughter to April 3 was estimated at 2.18 million, down from 2.19 the previous week.
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July hog futures rose to $84.425 at the close April 1 from $78.35 at the close March 26 before the hogs and pigs report was released.
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-$2.60 Cdn 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 sold 2,701 sheep and lambs and 309 goats March 29. All classes of lambs and sheep sold actively at steady prices. Some fancy kid goats fetched premiums.
