Hogs futures fall
Falling pork prices weighed down the U.S. cash hog market.
The U.S. national live price average for barrows and gilts was US$59.43 per cwt. July 8, down from $61.28 July 1.
U.S. hogs averaged $76.33 on a carcass basis July 8, down from $81 July 1.
The U.S. pork cutout was $89.48 per cwt. July 8, up slightly from 89.21 July 1.
The estimated U.S. weekly slaughter for the holiday-shortened week to July 9 was 1.826 million, down from 2.115 million the previous week.
Slaughter was 2.074 million last year at the same time.
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In Canada, the Signature Three price July 8 was C$84.54 per hundredweight, or $186.37 per hundred kilograms, down from $87.02 per cwt. and $191.85 per hundred kilograms June 30.
Bison steady
Strong U.S. demand and the weak loonie continued to support prices.
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices 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 up to C$5.75. U.S. buyers are offering US$4.35.
Animals outside the desirable buyer specifications may be discounted.
Lambs lower
Beaver Hill Auction in Tofield, Alta., reported 412 sheep and 51 goats sold July 4.
Wool lambs lighter than 54 lb. were $235-$275 per cwt., 55-69 lb. were $231-$260, 70-85 lb. were $215-$247, 86-105 lb. were $201-$216 and 106 lb. and heavier were $195-$205.
Wool rams were $79-$95 per cwt. Cull ewes were $70-$125.
Hair lambs lighter than 54 lb. were $235-$275 per cwt., 55-69 lb. were $226-$250, 70-85 lb. were $215-$230, 86-105 lb. were $175-$205 and 106 lb. and heavier were $160-$194.
Hair rams were $80-$95 per cwt. Cull ewes were $63-$119.
Feeder kids lighter than 60 lb. were $280-$320. Good kid goats heavier than 70 lb. were $320-$350 per cwt. Nannies were $117-$170 per cwt. Billies were $175-$265.
Ontario Stockyards Inc. reported that 1,103 sheep and lambs and 38 goats traded at the July 4 sale.
New crop lambs traded on a dull demand at prices $20 cwt. lower. Heavy lambs were $10-$15 cwt. lower.
Good lean sheep sold steady to stronger. Thicker types sold barely steady to steady. Thin and fat type sheep sold lower. Goats were barely steady.
