U.S. HOG PRICES FALL
With July 4 barbecue demand met and a holiday-shortened week in the offing, cash hog prices in the United States fell.
The U.S. Department of Agriculture’s forecast for higher than expect-e d corn seeding pressured hog futures lower on expectation that cheaper corn would encourage more hog feeding.
However, a report indicating signs of stronger U.S. economic performance late in the week helped futures recover.
Iowa-southern Minnesota cash hogs delivered to plants fell to $71 US per cwt. from $75 June 24.
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The U.S. pork carcass cut-out value fell to $96.53 July 1 from $99.06 June 24.
The U.S. federal slaughter estimate was 1.936 million, down from 1.964 million the previous week.
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.85-$4.10 Cdn per pound hot hanging weight. Grade A heifers were $3.75-$4.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls averaged $2.75.
Feeder bulls born in 2009 are trading at $2.20 per lb. and heifers at $2.15. Bulls born in 2010 are trading at $2.70 per lb. and heifers at $2.50.
Late bred two-year old heifers are $2,000-$2,500 per head. Late bred cows are $1,800-$2,500 and replacement 2010 heifers are $1,600-$1,800.
SHEEP EDGE HIGHER
Beaver Hill Auction in Tofield, Alta., reported 611 sheep and 178 goats sold June 27.
Wool lambs lighter than 70 lb. were $195-$225 per cwt., 70-85 lb. were $180-$210, 86-105 lb. were $170- $190 and 106 lb. and heavier were $168-$186.
Wool rams were $66-$80 per cwt. Cull ewes were $59-$76.
Hair lambs lighter than 70 lb. were $190-$215 per cwt., 70-85 lb. were $170-$200, 86-105 lb. were $168- $189 and 106 lb. and heavier were $165-$178.
Hair rams were $65-$75 per cwt. Cull ewes were $60-$70.
Good kid goats lighter than 50 lb. were $227.50-$267.50. Those heavier than 50 lb. were $222.50-$280 per cwt. Nannies were $70-$96 per cwt. Billies were $100-$135.
Ontario Stockyards Inc. reported 1,274 sheep and lambs and 78 goats traded June 27. All classes of sheep and lambs traded actively at higher prices. Goats sold steady.
