HOG PRICES CLIMB
U.S. hog prices rose because the market ready supply is down seasonally. Weight gain has slowed because of hot weather and poor quality corn. Pork cutouts rose.
Hog futures gained as funds increased their investments in agricultural markets. News that U.S. poultry is again moving to Russia also supported meat markets.
Iowa-southern Minnesota cash hogs delivered to plants rose to $61 US per hundredweight July 30, up from $60 July 23.
The U.S. pork carcass cut-out value was $89.82 July 30, up from $85 on July 23.
Read Also
Agriculture ministers agree to AgriStability changes
federal government proposed several months ago to increase the compensation rate from 80 to 90 per cent and double the maximum payment from $3 million to $6 million
U.S. federal slaughter to July 31 was estimated at 1.95 million, steady with the previous week.
BISON LITTLE CHANGED
The Canadian Bison Association said prices were mostly steady, but there is resistance to the rising cost of trim.
Grade A bulls in the desirable weight range edged higher to $2.55 to $2.85 per pound hot hanging weight.
Grade A heifers in the desirable weight range were steady at $2.50 to $2.70.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls rose to $1.75 to $2.10.
LAMBS WEAKER
Beaver Hill Auction in Tofield Alta., sold 592 sheep and 293 goats July 26.
Lambs were down $10 per cwt. Mutton and goats were strong.
Lambs lighter than 70 lb. were $145-$171 per cwt. Lambs 70 to 85 lb. were $140-$169, 86 to 105 lb. were $138-$160, and those heavier than 105 lb. were $133-$152.
Rams were $60-$90 per cwt. Cull ewes were $41-$68. Sheep families were $170-$230.
Good kid goats were $170-$215 per cwt. Nannies were $40-$95 per cwt. Mature billies were $101-$142.50.
Ontario Stockyards Inc. reported that 1,003 sheep and lambs and 100 goats traded July 26. All classes of sheep and lambs sold $10 per cwt. higher. Goats were steady.
Olds Auction at Olds, Alta., reported feeder lambs sold at $85 to $160 per head. Ewes were $95 to $140 per head. Nannies were $90 to $140 and billies $140 to $180 per head.
