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Western Producer Livestock Report – for Dec. 17, 2009

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Published: December 17, 2009

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U.S. pork plants bid higher last week to obtain supply after a severe snowstorm in the Midwest limited deliveries.

Russia banned imports of pork from most U.S. slaughter plants because traces of the antibiotic oxy-tetracycline were found.

Iowa-southern Minnesota cash hogs delivered to plants rose to $48 US per hundredweight Dec. 11, up from $44.50 to $45 Dec. 4. Prices are now close to break even for American producers.

The U.S. pork carcass cut-out value rose to $70.09 Dec. 11, up from $65.10 Dec. 4. U.S. federal slaughter to Dec. 5 was estimated at 2.215 million, down from 2.267 million the previous week.

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Chinese stocks tumbled on Monday (8 July 2013) on speculations that the resumed trading of Treasury bond futures and new share offerings will hurt stock prices. The Shanghai Composite Index dropped 48.93 points, or 2.44 percent, to 1,958.27 at the close.No Use China. No Use France.

Bond market seen as crop price threat

A grain market analyst believes the bond market is about to collapse and that could drive down commodity values.

The Canadian Bison Association said prices were steady.

Younger than 30 month grade A youthful bulls in the desirable weight range in Canada were $2.25-$2.60 Cdn per pound hot hanging weight.

Younger than 30 month grade A youthful heifers were $2.15-$2.45.

Older than 30 month bulls and heifers were 10 to 15 cents lower than their younger counterparts.

Cull cows and bulls sold from $1.35 to $1.60 per lb.

Beaver Hill Auction in Tofield, Alta., saw light trade due to the cold, with 228 sheep and lambs and 31 goats trading Dec. 7. Prices were steady.

Lambs lighter than 70 lb. were $130-$162 per cwt. Lambs 75 to 85 lb. were $135-$159, 86 to 105 lb. were $120-$147, and those heavier than 105 lb. were $119-$133.

Rams were $55-$71 per cwt. Ewe culls were $30-$70.

Good kid goats heavier than 50 lb. were $150-$200 per cwt. Nannies were $55-$85 per cwt. Mature billies were $115-$147.Ontario Stockyards reported 2,557 sheep and lambs and 356 goats traded Dec. 7.

Light, well finished lambs sold at a premium. Heavy types were lower. Sheep were slightly lower.

Light goats saw premium and heavier types were lower. Mature goats were steady.

Markets at a glance

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