Hogs steady
Hog futures hovered near six year lows, but the premium of the front month contract over the deferreds indicated demand might be picking up.
U.S. market-ready hog supply is ample, but strong packer profits allowed them to offer mostly steady prices.
Iowa-southern Minnesota hogs delivered were US$39-39.50 per hundredweight Nov. 27, slightly up from $38-39 Nov 20.
U.S. hogs averaged $50.72 on a carcass basis Nov. 25, down from $50.92 Nov. 20.
The U.S. pork cutout was $72.40 per cwt. Nov. 27, down from $73.14 Nov. 20.
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The estimated U.S. weekly slaughter for the holiday-shortened week to Nov. 27 was 1.752 million, down from 2.185 million the previous week.
Slaughter was 1.702 million last year at the same time.
The Signature 3 price in Canada was C$57.41 per cwt. Nov. 28, up from $56.32 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 U.S. buyers are offering US$4.10.
Animals outside the desirable buyer specifications may be discounted.
Sheep, lambs stronger
Beaver Hill Auction in Tofield, Alta., reported that 747 sheep and 158 goats sold Nov. 23.
Wool lambs lighter than 54 lb. were $200-$238 per cwt., 55-69 lb. were $220-$240, 70-85 lb. were $185-$220, 86-105 lb. were $164-$192 and 106 lb. and heavier were $160-$170.
Wool rams were $65-$84 per cwt. Cull ewes were $65-$118.
Hair lambs lighter than 54 lb. were $202.50-$215 per cwt., 55-69 lb. were $200-$225, 70-85 lb. were $176-$189, 86-105 lb. were $163-$189 and 106 lb. and heavier were $147-$159.
Hair rams were $61-$114 per cwt. Cull ewes were $60-$121.
Feeder kids lighter than 60 lb. were $160-$190. Good kid goats lighter than 70 lb. were $205-$230. Those heavier than 70 lb. were $210-$230 per cwt. Nannies were $80-$207.50 per cwt. Billies were $130-$235.
Ontario Stockyards Inc. reported that 1,078 sheep and lambs and 32 goats traded Nov. 23.
Light weight lambs sold $5-$7 cwt. higher with heavy lambs $5 higher. Good lean sheep sold $3-$5 higher. Heavy and fat types sold under pressure. Goats were steady.
