U.S. hogs post records
Tight market-ready supply drove U.S. cash hog prices up to new records but packer margins fell into negative territory and August hog futures fell on the week.
Iowa-southern Minnesota hogs delivered to the plant rose to $97-$98 US per hundredweight, up from $94 the week before. That ties the record set in early April.
On a carcass basis, U.S. hogs averaged $129.88 per cwt. July 11, up from 127.23 July 3.
The U.S. pork cutout rose to $135.33 July 11, up from $134.20 July 3. The cutout posted a record high $135.38 on July 9.
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U.S. estimated weekly slaughter for the week to July 12 was 1.859 million, up from 1.627 million the week before. Last year at the same time slaughter was 2.042 million.
The average live slaughter weight of barrows and gilts in Iowa-Minnesota two weeks ago was 284.2 pounds. That was down 0.8 lb. from the week before, but 11.3 lb. heavier than a year ago.
Bison steady
The Canadian Bison Association said finished bison prices remained stable for the past week.
Grade A bulls in the desirable weight range reached $4 Cdn per lb., hot hanging weight.
Grade A heifers sold at prices up to $3.85.
Animals outside the desirable buyer specifications may be discounted.
Lamb prices stronger
Ontario Stockyards Inc. reported 1,099 sheep and lambs and 108 goats traded July 7.
All classes of lambs sold steady to stronger. All sheep sold stronger. Goats sold steady to stronger.
