HOGS SHARPLY LOWER
The opening of a new hog slaughter plant in Iowa is not yet helping the cash hog price.
Hog supply is ample, even as U.S. slaughter for the week was up about 13 percent over last year at the same time. Average U.S. carcass weight was 211.64 pounds, up about two pounds from last year at the same time.
The U.S. national live price average for barrows and gilts was US$43.12 per cwt. Sept. 15, down from $57.99 Sept. 8.
U.S. hogs averaged $52.95 on a carcass basis Sept. 15, down from $58.65 Sept. 8. The U.S. pork cutout was $77.76 per cwt. Sept. 15, down from $82.12 Sept. 8.
The estimated U.S. weekly slaughter for the week to Sept. 16 was 2.432 million, up from 2.170 million in the previous week.
Slaughter was 2.155 million last year at the same time.
In Canada the average for the week to Sept. 16 Signature Five price was C$135.89 per 100 kilograms, down from $147.10 the previous week.
On a per hundredweight basis, the average price was $61.64, down from $66.72 the previous week.
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$4.75 or more 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$4.50. Animals outside the desirable buyer specifications may be discounted.
LIGHT LAMBS STRONGER
Ontario Stockyards Inc. reported that 667 sheep and lambs and 105 goats sold Sept. 11. All light weight lambs sold $10-15 cwt. higher. Heavy lambs and goats sold steady. Good sheep traded $10 cwt higher.
Beaver Hill Auction in Tofield, Alta., reported 873 sheep and 144 goats sold Sept. 11.
Wool lambs lighter than 54 lb. were $202-248 per cwt., 55-69 lb. were $219-$244, 70-85 lb. were $215-235, 86-105 lb. were $193-$220 and 106 lb. and heavier were $190-$210.
Wool rams were $114-$124 per cwt. Cull ewes were $100-$164.
Hair lambs lighter than 54 lb. were $200-$235 per cwt., 55-69 lb. were $216-$235, 70-85 lb. were $200-$227, 86-105 lb. were $190-$220 and 106 lb. and heavier were $189-$200.