Midday cash livestock markets

Barrows and gilts in the Iowa/Minnesota direct trade opened 1.07 lower at 52.54 per hundredweight, the West was down 1.30 at 52.56, and the East was up .49 at 52.04. Missouri direct base carcass meat price is steady at 48.00 to 51.00. Country movement on Monday was moderate and carcass value was basically unchanged. Three plants will be closed on Wednesday in observance of Veterans Day. DTN says they understand two Hormel plants will make up the difference on Saturday.

Barring a major surprise the cattle trade will be a typical non-starter with packer bids poorly defined. Asking prices will remain firm at 88.00 to 89.00 in the South and 136.00 to 137.00 in the North. Feedlots should have the advantage of relatively tight numbers for several more weeks. Boxed beef cutout values were mixed at midday, with the choice down .03 at 140.90, and select up .31 at 135.65.

Joplin Regional Stockyards feeder cattle receipts totaled 6215 head on Monday. Compared to last week, steers and heifers under 450 pounds were steady to 2.00 lower, 450 to 600 pounds 2.00 to 4.00 lower, over 600 pounds steady. Demand and supply was moderate. The bulk of the offerings were middle to heavyweight calves. Feeder steers medium and large 1 weighing 578 pounds traded at 100.00 per hundredweight, 513 pound heifers brought 86.85.

Sioux Falls sheep opened mostly 1.00 to 2.00 higher. Shorn slaughter lambs traded at 94.00, and wooled from 93.00 to 96.75.

For updated market information throughout the day tune to your local Brownfield affiliate radio station.