HOG PRICE FALLS
Hog prices continued to fall as cooler weather and new-crop corn allowed animals to quickly gain weight while adding more pork tonnage to the retail sector.
Average hog weights in the Iowa-Southern Minnesota region for the week ended Nov. 16 posted a new record high of 281.2 pounds, the third record in as many weeks, according to U.S. Department of Agriculture data.
Supplies were plentiful in most areas of the Midwest as producers hurried hogs to market to avoid lower prices as the Thanksgiving Day holiday approached.
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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.
Iowa-Southern Minnesota hogs delivered to packing plants were $58 per hundredweight on Nov. 22, down from $60 on Nov. 15.
The estimated pork cut-out value was $89.68 per cwt. Nov. 22, down from $91.97 Nov. 15.
Estimated weekly U.S. slaughter to Nov. 22 was 2.345 million, steady from the same time last week.
The same week last year was 2.066 million.
BISON STEADY
The Canadian Bison Association said Grade A bulls in the desirable weight range averaged $3.50 Cdn per pound hot hanging weight with sales to $3.70. Grade A heifers sold at $3.45 with sales to $3.55.
Animals older than 30 months and those outside the desirable buyer specifications may be discounted.
In live markets, in the first sale of the year quality yearling bulls sold at slightly more than $2 per lb. liveweight and quality heifers sold at about $2.
LAMBS, SHEEP HIGHER
Beaver Hill Auction in Tofield, Alta., reported 1,122 sheep and 152 goats sold Nov. 18.
Wool lambs lighter than 70 lb. were $114-$143 per cwt., 70 to 85 lb. were $124-$141, 86 to 105 lb. were $116-$135 and 106 lb. and heavier were $115-$128.
Wool rams were $40-$90 per cwt. Cull ewes were $28-$72 and bred ewes were $70-$100 per head.
Hair lambs lighter than 70 lb. were $110-$129 per cwt., 70 to 85 lb. were $118-$138, 86 to 105 lb. were $111-$124 and 106 lb. and heavier were $100-$117.
Hair rams were $30-$75 per cwt. Cull ewes were $25-$60.
Good kid goats lighter than 50 lb. were $160-$225.
Those heavier than 50 lb. were $170-$235 per cwt. Nannies were $50-$90 per cwt. Billies were $100-$135.
Ontario Stockyards Inc. reported 1,038 sheep and lambs and 70 goats traded Nov. 18.
All classes of lambs traded actively at higher prices. Sheep sold $3-$5 higher. Goats traded steady.
