Hogs steady
U.S. hog supplies were ample to packer needs and the price was steady. Packer operating margins improved.
Iowa-southern Minnesota hogs delivered were US$59.50 per hundredweight June 5, steady with $59-$60 May 29.
U.S. hogs averaged $79.30 on a carcass basis June 5, up from $78.14 May 29. The U.S. pork cutout fell to $85.56 per cwt. June 5, down from $86.80 May 29.
The estimated U.S. weekly slaughter for the week to June 6 was 2.12 million, up from 1.856 million the previous week.
Slaughter was 1.926 million last year at the same time. U.S. slaughter is up 5.9 percent so far this year.
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Bison steady to stronger
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5 per pound hot hanging weight with a few at higher prices. U.S. buyers are offering US$4.10-$4.20 with returns dependent on exchange rates, quality and export costs.
Grade A heifers yonger than 30 months sold up to C$4.85. U.S. buyers were offering US$3.90.
Animals outside the desirable buyer specifications may be discounted.
Lambs weaker
Ontario Stockyards Inc. reported that 1,795 sheep and lambs and 57 goats traded June 1.
All classes of well-fed lambs sold $15-$20 cwt. lower. Sheep and goats sold almost steady.
