Hog prices rise
Hog futures gained six percent last week, the most in four months, as pork demand improved, packers enjoyed good profit margins and the supply of market-ready hogs fell.
However, traders thought the rally was at its top and that futures could fall this week.
Pork demand has been helped by national pork month in October in the United States, when retailers feature pork products.
Iowa-southern Minnesota hogs rose to $60 US per hundredweight Oct. 5, up from $56.50 Sept. 28.
The U.S. composite pork carcass cut-out value was $84.27 Oct. 5, up from $80.49 Sept. 28.
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U.S. slaughter for the week rose to 2.355 million, up from 2.345 million the previous week and up from 2.335 million a year ago.
Bison steady
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.60-$3.90 per pound hot hanging weight. Grade A heifers were $3.50-$3.80.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls averaged $1.60-$2.50 hot hanging weight.
Lambs edge higher
Beaver Hill Auction in Tofield, Alta., reported 783 sheep and 289 goats sold Oct. 1.
Wool lambs lighter than 70 lb. were $116-$128 per cwt., 70-85 lb. were $108-$120, 86-105 lb. were $103-$115 and 106 lb. and heavier were $96-$106.
Wool rams were $50-$70 per cwt. Cull ewes were $45-$60.
Hair lambs lighter than 70 lb. were $116-$126 per cwt., 70-85 lb. were $105-$118, 86-105 lb. were $95-$108 and 106 lb. and heavier were $90-$101.
Hair rams were $45-$60 per cwt. Cull ewes were $54-$70.
Good kid goats lighter than 50 lb. were $160-$205.
Those heavier than 50 lb. were $160-$210 per cwt. Nannies were $50-$65 per cwt. Billies were $100-$137.50.
Ontario Stockyards Inc. reported 1,421 sheep and lambs and 137 goats traded Oct. 1. All well-fed lambs sold stronger. Sheep and goats sold steady.
