Hogs crash
U.S. cash hog prices fell sharply lower on ample market-ready supply. Pork prices also declined.
Retailers are aggressively featuring lower price turkey in the run-up to American Thanksgiving.
Iowa-southern Minnesota hogs delivered were US42.50-$43 per hundredweight Nov. 6, down from $50-$50.50 Oct. 30.
U.S. hogs averaged $53.48 on a carcass basis, down from $60.90 Oct. 30. The U.S. pork cutout was 75.28 per cwt. Nov. 6, down from $78.14 Oct. 30.
The estimated U.S. weekly slaughter for the week to Nov. 7 was 2.36 million, up from 2.253 million the previous week.
Read Also
One Beer Market Updates Day 3 – Lentils and beef
Day 3 of the One Beer Market Update at Ag in Motion 2025.
Slaughter was 2.227 million last year at the same time.
In Canada, the Signature 3 price Nov. 6 was C$63.06, down $9.05 from the previous week.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to $5.35 per pound hot hanging weight. U.S. buyers are offering US$4.25 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$5.15. American buyers are offering US$4.10.
Animals outside the desirable buyer specifications may be discounted.
Sheep steady
Beaver Hill Auction in Tofield, Alta., reported 1,071 sheep and 91 goats sold Nov 2.
Wool lambs lighter than 54 lb. were $185-$220 per cwt., 55-69 lb. were $195-$218, 70-85 lb. were $175-$212, 86-105 lb. were $164-$189 and 106 lb. and heavier were $160-$175.
Wool rams were $68-$190 per cwt. Cull ewes were $55-$89.
Hair lambs lighter than 54 lb. were $186-$200 per cwt., 55-to 69 lb. were $185-$199, 70-85 lb. were $160-$189, 86-105 lb. were $163-$178 and 106 lb. and heavier were $160-$171.
Hair rams were $55-$75 per cwt. Cull ewes were $52-$75.
Feeder kids lighter than 60 lb. were $150-$190. Good kid goats lighter than 70 lb. were $210-$230. Those heavier than 70 lb. were $200-$235 per cwt. Nannies were $85-$185 per cwt. Billies were $130-$155.
Ontario Stockyards Inc. reported that 1,126 sheep and lambs and 24 goats traded Nov 2.
Light lambs traded at barely steady prices.
Heavy type lambs, sheep and goats sold steady.
