WP LIVESTOCK REPORT: August 4, 2016

HOGS FALL

Record U.S. hog supplies and packing plant disruptions last week, including a floater holiday on July 25, hit cash and pork belly prices hard.

The market might be near its seasonal low because retailers and U.S. school lunch programs will soon start buying for September.

The U.S. national live price average for barrows and gilts was US$51 per hundredweight July 29, down from $54.31 July 22.

U.S. hogs averaged $65.99 on a carcass basis July 29, down from $69.41 July 22.

The U.S. pork cutout was $79.39 per cwt. July 29, down from $88.48 July 22.The estimated U.S. weekly slaughter for the week to July 29 was 2,184 million, up from 2,141 million the previous week.

Slaughter was 2,123 million last year at the same time.

In Canada, the Signature Three price was C$165.94 per 100 kilograms, or $75.27 per cwt., down from $171.68 and $77.87 the previous week.

BISON FIRM

The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$6.10 per pound hot hanging weight. U.S. buyers are offering US$4.45 with returns dependent on exchange rates, quality and export costs.

Grade A heifers sold up to C$5.75. U.S. buyers are offering US$4.35.

Animals outside desirable buyer specifications may be discounted.

SHEEP FIRMED

Beaver Hill Auction in Tofield, Alta., reported that 472 sheep and 56 goats sold July 25.

Wool lambs lighter than 54 lb. were $220-$253 per cwt., 55-69 lb. were $225-$247, 70-85 lb. were $207-$232, 86-105 lb. were $185-$211 and 106 lb. and heavier were $175-$190.

Wool rams were $81-$145 per cwt. Cull ewes were $75-$155.

Hair lambs lighter than 54 lb. were $215-$250 per cwt., 55-69 lb. were $219-$275, 70-85 lb. were $210-228, 86-105 lb. were $175-$200 and 106 lb. and heavier were $160-$184.

Hair rams were $75-$96 per cwt. Cull ewes were $73-$130.

Ontario Stockyards Inc. reported that 1,098 sheep and lambs and 76 goats traded July 25.

All classes of lambs and sheep opened steady to slightly stronger and finished up $5-$7 higher. Goats sold steady.

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