Hogs rise
Hog prices rose as supplies tightened and pork values rose.
The hog price rose faster than the cutout, so packer margins narrowed.
The huge snowstorm in the eastern United States on the weekend affected hog deliveries and might temporarily slow pork consumption. The stock market’s partial recovery helped to steady livestock futures.
Iowa-southern Minnesota hogs delivered were US$41.50-$42.50 per hundredweight Jan. 21, up from $40-$40.50 Jan. 15.
U.S. hogs averaged $55.79 on a carcass basis Jan. 21, up from $52.77 Jan 15.
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The U.S. pork cutout was $75.29 per cwt. Jan. 21, up from $72.97 Jan. 15. The estimated U.S. weekly slaughter for the week to Jan. 21 was 2.329 million, down from 2.3 million the previous week.
Slaughter was 2.317 million last year at the same time.
The Maple Leaf Signature three price was $144.72 per 100 kilograms Jan. 22, up from $136.35 Jan. 15, supported by the weaker loonie.
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.
Heavy lambs fall
Ontario Stockyards Inc. reported that 1,088 sheep and lambs and 38 goats traded Jan. 18.
Light lambs sold actively at barely steady prices. Heavy lambs traded $5-$7 per cwt. lower. A light run of sheep and goats sold actively at lower prices.
