WP livestock report

Cash hogs edge higher

Market ready hog supplies remain tight, supporting U.S. hog prices.

Chicago hog futures closed up nearly one percent for the week while rising 6.1 percent in May.

The announced plan for a Chinese company to buy Smithfield Foods, America’s largest pork company, was expected to help increase U.S. pork exports to China. See more on the deal on page 85.

Iowa-southern Minnesota hogs last week edged higher to trade at about $70 US per cwt. delivered on May 31, up from $68 – $69 May 24.

The estimated pork cutout value was little changed at $94.31 May 31, compared to $94.92 May 24.

Estimated U.S. slaughter in the holiday-shortened week to June 1 was 1.867 million, down from 2.054 million the week before. Last year, it was 1.823 million.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to $3.70 Cdn per pound hot hanging weight. Contracted animals sold at prices up to $3.75.

Grade A heifers sold up to $3.60 with contracts to $3.65.

Animals older than 30 months and those outside the desirable buyer specifications may be discounted.

Lambs under pressure

Beaver Hill Auction in Tofield, Alta., reported 845 sheep and 376 goats sold May 27.

Wool lambs lighter than 70 lb. were $132 – $162 per cwt., 70 to 85 lb. were $116 – $158, 86 to 105 lb. were $90 – $106 and 106 lb. and heavier were $89 – $99.

Wool rams were $22 – $57 per cwt. Cull ewes were $20 – $37 and bred ewes were $125 – $160 per head.

Hair lambs lighter than 70 lb. were $126 – $156 per cwt., 70 to 85 lb. were $100 – $137, 86 to 105 lb. were $85 – $100 and 106 lb. and heavier were $84 – $96.

Hair rams were $24 – $49 per cwt. Cull ewes were $27 – $45.

Good kid goats lighter than 50 lb. were $165 – $235. Those heavier than 50 lb. were $170 – $250 per cwt. Nannies were $76 – $122.50 per cwt. Billies were $95 – $167.50.

Ontario Stockyards Inc. reported 2,716 sheep and lambs and 80 goats traded May 27. A large volume of lambs sold under extreme pressure at lower prices. Good lean sheep traded steady with all other classes lower. Goats sold barely steady.

Markets at a glance

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