Hogs stabilize
U.S. hog prices levelled out after suffering sharp declines this fall, but a rally is not likely because ample supply is still available.
The U.S. national live price average for barrows and gilts was US$35.00 per cwt. Oct. 28, up from $34.42 Oct. 21.
U.S. hogs averaged $44.48 on a carcass basis Oct. 28, down from $46.21 Oct. 21.
The U.S. pork cutout was $72.89 per cwt. Oct. 28, up from $72.07 Oct. 21.
The estimated U.S. weekly slaughter for the week to Oct. 29 was 2.401 million, down from 2.514 million the previous week, which was record large.
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China’s grain imports have slumped big-time
China purchased just over 20 million tonnes of wheat, corn, barley and sorghum last year, that is well below the 60 million tonnes purchased in 2021-22.
Slaughter was 2.254 million last year at the same time.
In Canada, the Oct. 28 Signature Five price was C$120.31 per 100 kilograms, down from $120.35 the previous week.
The price was $53.89 on a per hundredweight basis, down from $54.59 the previous week.
Bison
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6-$6.25 per pound hot hanging weight. U.S. buyers are offering US$4.60 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$5.75-$6. U.S. buyers are offering US$4.40.
Animals outside the desirable buyer specifications may be discounted.
Lambs
Beaver Hill Auction in Tofield, Alta., reported that 1,511 sheep and 339 goats sold Oct. 24.
Wool lambs lighter than 54 lb. were $178-$204 per cwt., 55-69 lb. were $180-$208, 70-85 lb. were $170-$193, 86 to 105 lb. were $160-$190 and 106 lb. and heavier were $165-$185.
Wool rams were $75-$121 per cwt. Cull ewes were $67-$115.
Hair lambs lighter than 54 lb. were $140-$175 per cwt., 55-69 lb. were $160-$195, 70-85 lb. were $137-$180, 86-105 lb. were $130-$180 and 106 lb. and heavier were $140-$172.
Hair rams were $80-$120 per cwt. Cull ewes were $65-$88.
Ontario Stockyards Inc. reported that 847 sheep and lambs and 41 goats traded Oct. 24.
An average quality offering of lightweight lambs sold at about steady prices. Sheep sold $5 per cwt. higher. Goats and heavy lambs traded steady.
