Hogs edge higher
U.S. cash hogs crept higher last week supported by stronger pork values but hog supply is ample, limiting gains
Iowa-southern Minnesota hogs delivered were US$40-$40.50 per hundredweight Jan. 15, up from US$39–$39.50 Jan. 8.
U.S. hogs averaged $52.77 on a carcass basis Jan. 15, up from $48.96 Jan. 8.
The U.S. pork cutout was $72.97 per cwt. Jan. 15, up from $69.95 Jan. 8.
The estimated U.S. weekly slaughter for the week to Jan. 15 was 2.3 million, down from 2.389 million the previous week.
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Slaughter was 2.244 million last year at the same time.
In Canada, the Maple Leaf Signature three cash price was C$136.35, supported by the weaker Canadian dollar.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5.75 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$5.60, U.S. buyers are offering US$4.10.
Animals outside the desirable buyer specifications may be discounted.
Lamb prices lower
Ontario Stockyards Inc. reported that 1,278 sheep and lambs and 34 goats traded Jan. 11. New crop lambs sold on good demand at prices $5-$10 per cwt. lower. Heavy lambs were steady to $19 lower. Sheep and goats were steady.
