Barrows and gilts in the Iowa/Minnesota direct trade opened 1.54 lower at 63.99 on a carcass basis, the West was down 1.16 also at 63.99, and the East was .37 lower at 64.95. The Missouri direct base carcass meat price is steady from 58 to 61. It sounds like supply and demand are in better balance than immediately after last week’s storm. Processing margins lock encouraging. On the other hand, early ideas regarding Saturday kill plans are not much over 75,000 head.
USDA mandatory reports cattle trading is light to moderate on light to moderate demand in the Southern Plains. Compared to Tuesday live sales are trading.50 higher at 85.50. Trading is light in Nebraska on light to moderate demand. Compared to last week a few early live sales in Central Nebraska are steady at 85.00. Some light cleanup trade is occurring in Kansas with live sales steady with yesterday at 85.00. Compared to last week, dressed sales in Kansas are trading steady at 136.00.
Choice boxed beef is .79 higher at 145.74, and select is up .68 at 140.03.
Feeder cattle receipts at the Ozarks Regional Stockyards at West Plains, MO totaled4230 head. Compared to last week, steers and heifers weighing less than 500 pounds were 4.00 to 8.00 higher, heavier weights 2.00 to 4.00 higher. Feeder steers medium and large 1 and 1-2 weighing 500 to 600 pounds traded from 98.00 to 110.00, 7 to 8 weights from 90.00 to 98.00 per hundredweight. 5 00 to 600 pound heifers brought 86.00 top 98.50, and 7 to 8 weight heifers traded from 85.00 to 90.00.
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