Hogs fall
Large market-ready hog supply and huge slaughter numbers kept the pork supply strong and put downward pressure on hog prices.
Packers are adding extra shifts to handle all the hogs, and so the slaughter pace in the U.S. is running above the stated capacity of the existing plants, which is 2.45 million, based on 5.4 work days a week.
The U.S. national live price average for barrows and gilts was US$33.25 per cwt. Nov 14, down from $34.36 Nov 4.
U.S. hogs averaged $40.76 on a carcass basis Nov. 14, down from $42.68 Nov. 4. The U.S. pork cutout was $74.10 per cwt. Nov. 11, up from $73.34 Nov. 4.
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The estimated U.S. weekly slaughter for the week to Nov. 12 was 2.452 million, down from 2.523 million the previous week.
Slaughter was 2.393 million last year at the same time.
In Canada, the Nov. 12 Signature Five price was C$114.66 per 100 kilograms, down from $118.48 the previous week.
The price was $52.01 on a per hundredweight basis, down from $53.74 the previous week.
Bison steady
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 steady
Beaver Hill Auction in Tofield, Alta., reported that 647 sheep and 131 goats sold Nov 7.
Wool lambs lighter than 54 lb. were $188-$211 per cwt., 55-69 lb. were $190-$214, 70-85 lb. were $178-$196, 86-105 lb. were $179-$194 and 106 lb. and heavier were $175-$187.
Wool rams were $81-$100 per cwt. Cull ewes were $70-$120.
Hair lambs lighter than 54 lb. were $170-$195 per cwt., 55-69 lb. were $180-$201, 70-85 lb. were $179-$189, 86-105 lb. were $177-$185 and 106 lb. and heavier were $160-$179.
Hair rams were $88-$157 per cwt. Cull ewes were $60-$122.
Ontario Stockyards Inc. reported that 937 sheep and lambs and 158 goats traded Nov. 7.
Lambs sold at steady prices. Good goats and good sheep traded $3-$5 higher.
