HOGS LOWER
Falling cutouts and rising market ready hog supply pressured U.S. cash hog prices lower.
Strong pork exports could lessen the usual post-Labour Day price decline. Another potential factor in prices this autumn would be any effort by the U.S. Federal Reserve to increase the money supply.
Iowa-southern Minnesota cash hogs delivered to plants were $70 US per hundredweight Aug. 26, down from $74.50 Aug. 19.
Cash U.S. pork carcass cut-out value closed at $101.79 Aug. 26, down from $107.66 Aug. 19.
The U.S. federal slaughter estimate was 2.11 million, up from 2.05 million the previous week. U.S. slaughter so far this year is down 0.6 percent.
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BISON STEADY
The Canadian Bison Association said the market was steady, but high prices are hurting demand and some markets might lower bids.
Grade A bulls in the desirable weight range were $3.90-$4.15 per pound hot hanging weight. Grade A heifers were $3.80-$4.15.
Slaughter cows and bulls averaged $2.80.
SHEEP STEADY
Beaver Hill Auction in Tofield, Alta., reported 761 sheep and 106 goats sold Aug. 22.
Wool lambs lighter than 70 lb. were $185-$197 per cwt., 70 to 85 lb. were $170-$192, 86 to 105 lb. were $167- $180 and 106 lb. and heavier were $160-$176.
Wool rams were $70-$80 per cwt. Cull ewes were $60-$76 and bred ewes were $180-$250 per head.
Hair lambs lighter than 70 lb. were $169-$192 per cwt., 70 to 85 lb. were $169-$178, 86 to 105 lb. were $158- $174 and 106 lb. and heavier were $155-$170.
Hair rams were $70-$80 per cwt. Cull ewes were $62-$70.
Good kid goats lighter than 50 lb. were $220-$262.50. Those heavier than 50 lb. were $220-$260 per cwt. Nannies were $60-$79 per cwt. Billies were $100-$147.50.
Ontario Stockyards Inc. reported 1,919 sheep and lambs and 68 goats traded Aug. 22. All classes of lambs, sheep and goats sold steady.
