Hog prices creep up
U.S. hog prices edged higher with rising pork values, but trade could fall off temporarily this week because of cold weather in the U.S. Midwest.
In futures markets, traders bought summer hog futures in the belief that the spread of porcine epidemic diarrhea virus could limit hog supplies in that time frame.
Iowa-southern Minnesota hogs delivered to packing plants sold for $60-$60.50 US per cwt. Jan. 24, up from $59 Jan. 17.
The estimated pork cut-out value was $88.11 per cwt. Jan. 24, up from $87.51 Jan. 17.
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The estimated weekly U.S. slaughter to Jan. 25 was 2.222 million, up from 2.263 million in the previous week. Slaughter was 2.133 million last year in the same week.
Bison prices steady
The Canadian Bison Association said Grade A bulls younger than 30 months in the desirable weight range sold as high as $3.85 Cdn per pound hot hanging weight.
Grade A heifers sold at prices up to $3.70.
Animals outside the desirable buyer specifications may be discounted.
Lamb prices down
Ontario Stockyards Inc. reported 2,026 sheep and lambs and 61 goats traded Jan. 20. All classes of lambs sold $15-$20 cwt. lower.
Sheep sold barely steady to $5 cwt. lower. Goats were steady.
