Iowa/Minnesota barrows and gilts are 2.10 lower at 69.47 on a carcass basis, the West is down 2.18 at 69.47, and the East is .56 higher at 70.26. The Missouri direct base carcass meat price is steady from 64.00 to 67.00 on the barrows and gilts. Hog buyers finally saved some Money in the country on Thursday and are doing the same today. Processing margins remain bleak, and it looks like packers are managing to reclaim some leverage, perhaps in part because of limited Saturday kill plans. Russia made it official on Thursday by relisting eleven U.S. pork plants for exports.
USDA Mandatory reports cattle trading is moderate on moderate demand in Nebraska on Friday. Compared to last week early dressed sales have trended 2.00 to 3.00 higher at 147.00, but several continue to pass on bids. Trading in Kansas is light with dressed sales 4.00 higher than last week at 148.00. Trading remains inactive in all other areas. Reported negotiated sales volume at 11:00 was 6800 head. Boxed beef cutout values lower, with choice beef down .04 at 149.03, and select down .17 at 148.20.
Feeder cattle receipts at Missouri auctions this week totaled 41,441 head. Compared to last week feeder steers and heifers found the majority of the sales steady, with trends at some auctions showing certain weights and cattle of classes several dollars higher to several dollars lower. Demand was good on a moderate supply. Feeder steers medium and large 1; 1385 head averaging 621 pounds traded at 111.95 per hundredweight, 1207 heifers weighing 623 lbs averaged 100.28.
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