Hog prices fall
Heavy hog carcasses and falling pork prices pressured U.S. hog cash bids lower.
Russia’s ban on food imports from many western countries weighed on hog futures prices. Although the U.S. doesn’t export much meat to Russia, Canada and the European Union have a larger presence there. Those exports will have to find a new home, but with tight meat supplies worldwide, that might not be a significant problem.
Iowa-southern Minnesota hogs delivered were $86-$87 US per hundredweight Aug. 8, down from $90-$91 Aug. 1.
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On a carcass basis, U.S. hogs averaged $113.56 per cwt. Aug. 8, down from $120.04 Aug. 1.
The U.S. pork cutout was $124.99 Aug. 8, down from $127.32 Aug. 1.
U.S. estimated weekly slaughter for the week to Aug. 9 was 1.919 million, up from 1.867 million the previous week.
Slaughter was 2.025 million last year at the same time.
Bison market steady
The Canadian Bison Association said Grade A bulls in the desirable weight range were mostly $4 Cdn per lb. hot hanging weight with sales to $4.10.
Grade A heifers sold for $3.85 with sales to $3.95.
Animals outside the desirable buyer specifications may be discounted.
Lambs steady
Ontario Stockyards Inc. reported 772 sheep and lambs and 31 goats traded Aug. 4.
All classes of lambs and goats traded steady. Sheep traded $3-$5 cwt. higher.
