Hogs creep higher
Solid pork demand and a shift to colder U.S. Midwest weather that might slow deliveries supported American hog prices.
Iowa-southern Minnesota hogs delivered were US$39–$39.50 per hundredweight Jan. 8, up from $38 Jan. 4.
U.S. hogs averaged $51.03 on a carcass basis Jan. 8, up from $48.96 Dec 31.
The U.S. pork cutout was $69.95 per cwt. Jan. 8, up from $68.83 Dec. 31.
The estimated U.S. weekly slaughter for the week to Jan. 8 was 2.148 million, up from 2.027 million the previous week.
Slaughter was 2.899 million last year at the same time.
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In Canada, the Maple Leaf Signature three cash price was C$129.74 per 100 kilograms.
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.
Lambs strong
Ontario Stockyards Inc. reported that 703 sheep and lambs and 12 goats traded Jan. 4. Well-fed new crop lambs sold on a good demand at strong prices. Well-fed heavy lambs, sheep and goats traded at higher prices.
