Hog prices steady
The prospect of expensive feed continuing to fuel downsizing of hog herds sparked deferred-month hog futures buying. However, the current downsizing provided ample supply late in the week.
Iowa-southern Minnesota hogs traded at about $68 US per hundredweight Aug. 10, steady with Aug. 3.
The U.S. composite pork carcass cut-out value was $92.69 Aug. 10, down from $93.15 Aug. 3
U.S. slaughter for the week was estimated at 2.03 million, compared to 2.025 million the previous week and 2.041 million a year ago.
Bison steady
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The Canadian Bison Association said that although there may be buildup of some cuts, the anticipated tight supply of animals to process in the future means the inventory does not appear to be problematic.
Grade A bulls in the desirable weight range were $3.65-$3.90 per pound hot hanging weight. Grade A heifers were $3.65-$3.90.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter cows and bulls averaged $1.60-$2.50. In the live market, heifers born in 2011 were $2-$2.30 and bulls were $2.20-$2.40.
Feeder bulls and heifers born in 2010 were $1.90-$2.
Lambs higher
Ontario Stockyards Inc. reported 821 sheep and lambs and 67 goats traded Aug. 6. Both lightweight and heavy lambs sold higher. Goats and good sheep traded at steady prices. Plain and thin sheep were barely steady.
