HOGS RISE
Cash hogs rose on retail buying for the coming Christmas holiday.
However, commodity funds hold a net long position in lean hog, live cattle and feeder cattle futures, leaving the markets vulnerable to bouts of long liquidation.
The U.S. national live price average for barrows and gilts was US$46.41 per cwt. Dec. 1, up from $44.17 Nov. 24. U.S. hogs averaged $590 on a carcass basis Dec. 1, up from $57.10 Nov. 24.
The U.S. pork cutout was $83.35 per cwt. Dec. 1, up from $82.32 Nov. 24. The cutout was 12 percent higher than last year at this point.
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The estimated U.S. weekly slaughter to Dec. 2 was 2.535 million, up from 2.157 million the previous week.
Slaughter was 2.543 million last year at the same time.
In Canada, the Signature Five price was C$141.94 per 100 kilograms Dec. 2, up from $141 the previous week. The price was $64.38 on a per hundredweight basis, up from $63.96.
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$4.75 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.
NEW CROP LAMBS HIGHER
Ontario Stockyards Inc. reported that 872 sheep and lambs and 42 goats sold Nov. 27. Good new crop lambs fetched premiums. Heavy lambs sold slightly lower on good demand. Good goats rose. Sheep sold steady.
Beaver Hill Auction in Tofield, Alta., reported that 975 sheep and 65 goats sold Nov. 27.
Wool lambs lighter than 54 lb. were $200-235 per cwt., 55-69 lb. were $200-$230, 70-85 lb. were $194-$232, 86-105 lb. were $185-$218 and 106 lb. and heavier were $174-$185.
Wool rams were $100-$174 per cwt. Cull ewes were $80-$179.
Hair lambs lighter than 54 lb. were $170-$210 per cwt., 55-69 lb. were $190-$230, 70-85 lb. were $198-$230, 86-105 lb. were $180-$196 and 106 lb. and heavier were $165-$178.
Hair rams were $80-$115 per cwt. Cull ewes were $90-$132.
