Hogs fall again
U.S. hog supplies are ample, as they usually are this time of year, which pressed prices down again last week.
Packer processing margins were good, encouraging them to slaughter more animals.
However, slaughter will be down this week because of the U.S. Thanksgiving holiday.
Iowa-southern Minnesota hogs delivered were US$38-39 per hundredweight Nov. 20, lower from $42-42.50 Nov 13.
U.S. hogs averaged $50.92 on a carcass basis Nov. 20, down from $51.05 Nov.13.
The U.S. pork cutout was $73.14 per cwt. Nov. 20, down from $73.36 Nov. 13. The estimated U.S. weekly slaughter for the week to Nov. 20 was 2.4 million, up from 2.388 million the previous week.
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Slaughter was 2.243 million last year at the same time.
The Maple Leaf Signature three price for Nov. 20 was C$124.17, down from $127.06 the previous week.
Bison
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5.50 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$5.35, while U.S. buyers are offering US$4.10.
Animals outside the desirable buyer specifications may be discounted.
Sheep steady
Beaver Hill Auction in Tofield, Alta., reported that 572 sheep and 122 goats sold Nov 16.
Wool lambs lighter than 54 lb. were $187-$240 per cwt., 55-69 lb. were $220-$237.50, 70 to 85 lb. were $181-$222, 86-105 lb. were $164-$192 and 106 lb. and heavier were $160-$207.
Wool rams were $78-$120 per cwt. Cull ewes were $60-$117.50.
Hair lambs lighter than 54 lb. were $202.50-$215 per cwt., 55-69 lb. were $200-$225, 70-85 lb. were $184-$210, 86-105 lb. were $163-$184 and 106 lb. and heavier were $160-$171.
Hair rams were $77-$120 per cwt. Cull ewes were $65-$106.
Feeder kids lighter than 60 lb. were $170-$205. Good kid goats lighter than 70 lb. were $200-$257.50.
Those heavier than 70 lb. were $200-$250 per cwt.
Nannies were $85-$187.50 per cwt. Billies were $130-$175.
Ontario Stockyards Inc. reported that 1,583 sheep and lambs and 77 goats traded Nov 16.
All classes of lambs, sheep and goats sold steady.
