WP livestock report

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Published: February 22, 2018

Hogs rise

The U.S. national live price average for barrows and gilts was US$51.42 per hundredweight Feb. 16, down from $54.81 Feb. 9.

U.S. hogs averaged $64.82 on a carcass basis Feb. 16, down from $69.72 Feb. 9.

The U.S. pork cutout was $76.99 per cwt. Feb. 16, up from $74.44 Feb. 9.

The estimated U.S. weekly slaughter to Feb. 17 was 2.384 million, down from 2.389 million the previous week.

Slaughter was 2.356 million last year at the same time.

In Canada, the Feb. 17 Signature Five price was C$160.98 per 100 kilograms, down from $165.93 the previous week.

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A wheat head in a ripe wheat field west of Marcelin, Saskatchewan, on August 27, 2022.

USDA’s August corn yield estimates are bearish

The yield estimates for wheat and soybeans were neutral to bullish, but these were largely a sideshow when compared with corn.

On a per hundredweight basis, the price was $73.02, down from $75.27.

Bison steady

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6 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$6. U.S. buyers are offering US$4.50.

Animals outside the desirable buyer specifications may be discounted.

Lambs

Ontario Stockyards Inc. reported that 687 sheep and lambs and 49 goats sold Feb. 12. New crop lambs sold steady. Heavy lambs sold $10 cwt higher. Good lean sheep sold steady with heavier types barely steady. Good goats sold at a premium.

Markets at a glance

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