Hogs dive
U.S. packers planned to reduce kill rates to reduce a surplus of pork. The cutback hurt hog demand and prices fell.
Weak demand from export markets is a major problem.
Iowa-southern Minnesota cash hogs fell sharply to $39.50 US per hundredweight July 24, from $44 July 24.
The U.S. pork carcass cut-out value fell to $59.41, down from $65 on July 24.
U.S. federal slaughter to Aug. 1 was estimated at 2.1 million, up from 2.03 million the previous week. Compared to the same week last year, slaughter was down 3.6 percent.
Read Also
Bond market seen as crop price threat
A grain market analyst believes the bond market is about to collapse and that could drive down commodity values.
Bison prices
The Canadian Bison Association said Grade A youthful bulls in the desirable weight range in Canada were $2.35-$2.65 per pound hot hanging weight. Grade A youthful heifers were $2.25-$2.45 per lb.
The cull cow and bull average was $1.40 per lb.
Weight, quality, age and delivery location affect final price.
Sheep, goats pressured
Beaver Hill Auction in Tofield, Alta., reported 1,111 sheep and lambs and 302 goats traded July 27.
Sheep and goats were under pressure with off types selling as much as $50 per cwt. lower.
Hair sheep, dairy-type goats and thin animals in all categories were lower, but fell-fed animals were steady.
Lambs lighter than 70 lb. were $100-$146 per cwt. Lambs 75 to 85 lb. were $121-$141, 86 to 105 lb. were $124-$139, and those heavier than 105 lb. were $118-$140.
Rams were $49-$70 per cwt. Ewe culls were $32-$52. Bred ewes were $82-$100.
Good kid goats were $150-$205. Nannies were $30-$87 per cwt. and mature billies were $100-$110.
Ontario Stockyards reported 2,103 sheep and lambs and 133 goats traded July 27.
All classes of sheep, lambs and goats were steady.
