HOGS STEADY
Supply and demand was roughly in balance.
Exports to South Korea are strong. The United States and Mexico settled a dispute over trucking, which should improve pork exports to Mexico.
The U.S. Department of Agriculture forecast that U.S. pork exports globally would climb 28 percent by 2020.
There are concerns that high energy prices could cause consumers to scale back meat buying.
Iowa-southern Minnesota cash hogs delivered to plants were steady at $62 US per cwt. March 4, the same as Feb. 25.
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U.S. market can’t easily be replaced
The deputy chief economist of Farm Credit Canada says 92 per cent of Canada’s total exports to the U.S. went into the country duty-free in June.
The U.S. pork carcass cut-out value was $91.25 March 4, down from $92.08 Feb. 25.
U.S. federal slaughter estimate was 2.14 million head, up from 2.108 million the previous week.
BISON STEADY
The Canadian Bison Association said March 4 that grade A bulls in the desirable weight range were $3.50- $3.75 Cdn per pound hot hanging weight. Grade A heifers were $3.50- $3.65.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls were $2.50-$2.70.
SHEEP STRONGER
Beaver Hill Auction in Tofield Alta., reported 495 sheep and 61 goats sold Feb. 28.
Wool lambs lighter than 70 lb. were $197-$221 per cwt., 70-85 lb. were $200- $228, 86-105 lb. were $186-$207 and 106 lb. and heavier were $161.50-$169.
Wool rams were $84-$97 per cwt. Cull ewes were $80-$90 and bred ewes were $250-$320 per head.
Hair lambs lighter than 70 lb. were $192-$205 per cwt., 70-85 lb. were $190-$205, 86-105 lb. were $175- $190 and 106 lb. and heavier were $155-$163.
Hair rams were $85-$100 per cwt. Cull ewes were $90-$100.
Good kid goats lighter than 50 lb. were $160-$205. Those heavier than 50 lb. were $172.50-$212.50 per cwt. Nannies were $68-$89 per cwt. Billies were $97.50-$120.
Ontario Stockyards Inc. reported 1,160 sheep and lambs and 72 goats sold Feb. 22. All lambs were steady. Sheep were $5 higher. Goats fetched premium prices.
