Cash hogs up
Cash hog prices in the United States rose last week despite perceptions of ample hog supplies.
The pork price did not keep pace and packers’ profit margins narrowed, throwing into doubt whether the rally could be sustained. U.S. weekly sow kill was again below year ago levels.
Iowa-southern Minnesota cash hogs delivered to plants rose to $39.75 US per hundredweight Oct. 23, up from $36.50 Oct. 16.
The U.S. pork carcass cut-out value slipped during the week to $55.35 Oct. 23, down from $56.50 Oct. 16.
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U.S. federal slaughter to Oct. 24 was estimated at 2.32 million, up from 2.29 million the previous week.
Bison bulls pressured
The Canadian Bison Association said the top end of the A1 bill price range fell 10 cents.
Grade A youthful bulls younger than 30 months in the desirable weight range in Canada were $2.35-$2.50 Cdn per pound hot hanging weight. Grade A youthful heifers younger than 30 months were $2.25-$2.35 per lb.
Cull cows and bulls sold from $1.35 to $1.40 per lb.
Weight, quality, age and delivery location affect final price.
Sheep, lambs mixed
Beaver Hill Auction in Tofield, Alta., reported 1,122 sheep and lambs and 297 goats traded Oct. 19. Quality feeder lambs 60 to 75 lb. rose $10 per cwt. Poor quality stock was hard to sell.
Lambs lighter than 70 lb. were $104-$147 per cwt. Lambs 75 to 85 lb. were $112-$146, 86 to 105 lb. were $115-$136, and those heavier than 105 lb. were $115-$125.
Rams were $40-$150 per cwt.
Ewe culls were $30-$60. Breeding ewes were $60-$114.
Good kid goats heavier than 50 lb. were $150-$212 per cwt. Nannies were $60-$112 per cwt. and mature billies were $80-$140. Ontario Stockyards reported 1,361 sheep and lambs and 95 goats traded Oct. 19.
Well-finished lambs sold actively and sheep prices were slightly higher. Goats prices were firm.
