Hogs gain
Strong pork exports and expectations that market-ready supply will get smaller seasonally lifted hog prices.
U.S. hogs averaged US$70.86 on a carcass basis May 19, up from $69.73 May 12.
The U.S. pork cutout was $87.26 per cwt. May 19, up from $83.29 May 12.
The estimated U.S. weekly slaughter for the week to May 20 was 2.249 million, down from 2.258 million the previous week.
Slaughter was 2.115 million last year at the same time.
In Canada, the average for the week to May 18 Signature Five price was C$178.01 per 100 kilograms, up from $168.08 the previous week.
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On a per hundredweight basis, the average price was $80.74, up from $76.24 the previous week.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.30–$6.50 per pound hot hanging weight. U.S. buyers are offering US$4.75 with returns dependent on exchange rates, quality and export costs.
Grade A heifers sold up to C$6-$6.30. U.S. buyers are offering US$4.50. Animals outside the desirable buyer specifications may be discounted.
Lambs rally
Ontario Stockyards Inc. reported that 891 sheep and lambs and 31 goats sold at the May 15 sale. Light lambs traded actively at higher prices. Good heavy lambs fetched premium prices.
Goats and good lean sheep were steady with heavy and thicker sheep under pressure.
