Hog prices rise
Strong packer profit margins and good demand caused buyers to increase bids for hogs in the U.S. last week.
Nearby hog futures were pulled higher by the stronger cash market, The October contract is still at a premium to the cash market.
Deferred contracts reflected falling corn prices that could encourage more hog feeding. Also Zoetis announced it has a conditional licence from USDA for a new PEDV vaccine.
Sales are expected to begin later this month. The effectiveness of the vaccine is questioned, but if successful, it could help to limit deaths from the disease.
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Model-based estimates used by Statistics Canada showed the 2025/26 crop year has seen increases in canola, corn for grain, oats and lentils production while seeing dips in spring wheat, durum wheat, soybeans and barley in comparison to 2024/25.
Iowa-southern Minnesota hogs delivered were $72-$73 US per hundredweight Sept. 5, up from $68 Aug. 29.
On a carcass basis, U.S. hogs averaged $97.12 per cwt. Sept. 5, up from $91.05 Aug. 29.
The U.S. pork cutout rose to $103.16 on Sept. 5, up from $101.72 Aug. 29.
U.S. estimated weekly slaughter for the holiday-shortened week to Sept. 6 was 1.780 million, down from 1.979 million Aug. 30.
Slaughter was 1.983 million last year at the same time.
Bison strong
The Canadian Bison Association said markets continued strong over the past week. Grade A bulls in the desirable weight range were $4.10 Cdn per lb. hot hanging weight.
Grade A heifers sold for $3.95 with a few sales to $4. Animals outside the desirable buyer specifications may be discounted.
Lambs steady
Ontario Stockyards Inc. reported 1,407 sheep and lambs and 51 goats traded Sept. 2. All well-fed lambs and goats sold steady. Good lean sheep sold at a premium.
