SMALL U.S. HOG HERD
Market ready hog supply remained fairly tight, with weight gain delayed by hot weather in August and poor quality corn feed.
The smaller supply has kept prices much higher than they were last year at the same time.
Iowa-southern Minnesota cash hogs delivered to plants rose to $62 US per hundredweight on Sept 24, up from $61 Sept. 17.
The U.S. pork carcass cut-out value fell to $90.15 Sept. 24, down from $91.14 Sept. 17.
U.S. federal slaughter rose to 2.21 million from 2.16 million the previous week.
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USDA’s quarterly hogs and pigs report Sept. 24 came in close to traders’ expectations. The market had already risen to a seven week high in anticipation of tighter supplies.
The hog herd was 64.991 million head, 97.4 percent of last year and the lowest Sept. 1 hog supply since 2006 when the supply stood at 62.914 million head.
The breeding herd was at 5.77 million head, 98.2 percent of last year, and market hog numbers were at 59.221 million head, 97.3 percent of last year.
BISON STRONGER
The Canadian Bison Association said tight supply of finished animals kept prices high.
Grade A bulls in the desirable weight range were $3-$3.15 per pound hot hanging weight.
Grade A heifers in the desirable weight range were steady at $3-$3.15.
Older than 30 month animals and those outside the desirable weight range may be discounted.
Slaughter cows and bulls were $2-$2.20.
LAMB PRICE RISES
Ontario Stockyards Inc. reported that 1,238 sheep and lambs and 79 goats traded Sept. 20.
Well-finished lambs sold at prices $5-$10 per cwt. higher. Good sheep were $5 higher. Goats were steady.
At the Sept. 21 sale at Olds Auction at Olds, Alta., feeder lambs were $95- $140 per head.
Ewes were $75-$120. Nannies were $70-$130 and billies were $70- $140.
