Hogs steady
U.S. cash hog prices were fairly steady last week with talk building that a seasonal low has been reached.
Concerns remained about how Russia and China’s restrictions on ractopamine have affected U.S. pork exports.
China is not yet requiring a third-party review of Canadian pork im-ports to ensure they are free of ractopamine.
Lean hog futures were trading near three month lows and were becoming oversold and due for a correction.
Iowa-southern Minnesota hogs traded at about $58 US per hundredweight delivered to packing plants, steady with the previous week.
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The estimated pork carcass cut out dipped to $81.05 March 1, down from $81.57 Feb. 22.
Weekly slaughter to March 2 was estimated at 2.168 million, up from 2.066 million the previous week. Last year, slaughter was 2.153 million.
Bison steady
The Canadian Bison Association said grade A bulls in the desirable weight range sold at prices up to $3.70 Cdn per pound hot hanging weight. Grade A heifers sold up to $3.70.
Animals older than 30 months and those outside the desirable weight range may be discounted.
Slaughter bulls and cows were $1.70-$1.80 per lb.
In the live market, quality 2012 bulls sold for about $2.20 per lb. while 2011 bulls sold for up to $1.65 per lb. on light offerings. Heifers from 2012 sold for up to $1.85 while those from 2011 were $1.70.
Sheep and goats
Beaver Hill Auction in Tofield, Alta., reported that 1,034 sheep and 90 goats sold Feb. 25.
Wool lambs lighter than 70 lb. were $136-$159 per cwt., 70-85 lb. were $125-$145, 86-105 lb. were $102-$131 and 106 lb. and heavier were $94.50-$108.
Wool rams were $55-$80 per cwt. Cull ewes were $55-$65 and bred ewes were $140-$200 per head.
Hair lambs lighter than 70 lb. were $132-$149 per cwt., 70-85 lb. were $121-$139, 86-105 lb. were $93-$115 and 106 lb. and heavier were $93-$100.
Hair rams were $54-$86 per cwt. Cull ewes were $75-$85.
Good kid goats lighter than 50 lb. were $166-$205. Those heavier than 50 lb. were $180-$215 per cwt. Nannies were $80-$100.50 per cwt. Billies were $60-$100.
Ontario Stockyards Inc. reported 983 sheep and lambs and 72 goats traded Feb. 25. All classes of well-finished sheep, lambs and goats sold on a better demand at steady to stronger prices.
