Hogs rise
U.S. hog prices jumped higher as the supply of market-ready hogs tightened and pork prices rose.
Retailers were buying for the grilling season.
However, the rally might be short as weak exports and a large supply of frozen pork hang over the market. Also, packer margins are weak.
Iowa-southern Minnesota live hogs rose to $69 US per hundredweight June 8, up from $63.50 June 1.
U.S. pork carcass cut-out values rose to $84.80, up from $82.39 June 1.
The U.S. federal weekly slaughter was estimated at two million, up from 1.83 million during the week shortened by Memorial Day.
Read Also
Outdoor farm show a trade supercharger
Canadian Chief Trade Commissioner Sara Wilshaw says international buyers love the chance to see farm equipment in the field in Saskatchewan.
Bison steady
The Canadian Bison Association said grade A bulls in the desirable weight range were $3.65-$3.90 Cdn per pound hot hanging weight.
Grade A heifers were $3.60-$3.90.
Animals outside the desirable weight range and parameters may be discounted.
Slaughter cows and bulls averaged $2.40-$2.60.
In the live market, heifers born in 2011 were $2-$2.40 and bulls were $2.25-$2.65.
Lambs sharply lower
Ontario Stockyards Inc. reported 1,174 sheep and lambs and 30 goats traded June 4.
All lambs opened trading at barely steady prices and closed $10-$15 cwt. lower.
Sheep sold barely steady to $5 cwt. lower. Goats traded steady.
