Hog futures falter
Cash hogs remained solid last week but Chicago hog futures fell sharply as funds took profits following the market hitting 18 month highs the previous week.
Sales for the July holiday were wrapping up.
The U.S. hog herd in the March-to-May quarter rose two percent versus a year ago, posting a record high for June 1, according to the United States Department of Agriculture. That exceeded most analysts’ forecasts.
The U.S. national live price average for barrows and gilts was $61.78 per hundredweight June 24, up from $60.84 on June 17.
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U.S. hogs averaged $81 on a carcass basis June 24, up from $79.81 June 17. The U.S. pork cutout was $89.27 per cwt. June 24, up from $87.70 June 17.
The estimated U.S. weekly slaughter for the week to June 24 was 2.103 million, down from 2.160 million the previous week.
Slaughter was 2.141 million last year at the same time.
In Canada, the Signature Three price June 24 was C$87.02 per cwt. or $191.85 per 100 kilograms, up from $85.29 and $188.04 the previous week.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices of up to C$6 per pound hot hanging weight. U.S. buyers are offering US$4.45 with returns dependent on exchange rates, quality and export costs. Grade A heifers sold for up to C$5.75. U.S. buyers are offering US$4.35.
Animals outside the desirable buyer specifications may be discounted.
Sheep steady
Beaver Hill Auction in Tofield, Alta., reported 572 sheep and 49 goats sold June 20.
Wool lambs lighter than 54 pounds were $245-$280 per cwt., 55 to 69 lb. were $225-$268, 70 to 85 lb. were $214-$255, 86 to 105 lb. were $200-$232 and 106 lb. and heavier were $183-$210.
Wool rams were $78-$107 per cwt. Cull ewes were $72-$200.
Hair lambs lighter than 54 lb. were $225-$300 per cwt., 55 to 69 lb. were $217-$260, 70 to 85 lb. were $219-$230, 86 to 105 lb. were $175-$219 and 106 lb. and heavier were $160-$184.
Hair rams were $75-$121 per cwt. Cull ewes were $63-$145.
Feeder kids lighter than 60 lb. were $250-$285. Good kid goats lighter than 70 lb. were $275-$330. Those heavier than 70 lb. were $290-$350 per cwt. Nannies were $78-$100 per cwt. Billies were $145-$210.
Ontario Stockyards Inc. reported that 766 sheep and lambs and 104 goats traded June 20.
All classes of sheep, lambs, goats sold steady.
