Market News

Friday midday cash livestock markets

There’s been light trade reported at $126 on the live basis in Texas, down around $1 on the week, with around 5,000 head traded. There’s even lighter activity in the Northern dressed markets at $195 in Nebraska and $198 in Iowa. Asking prices are $128 to $129 in the South and $198+ in the North with bids at $124 to $125 on the live basis and $193 for dressed. Boxed beef cutout values at midday were lower with Choice down $1.54 at $191.70 and Select $1.38 lower at $174.57.

The National Direct hogs opened $.01 higher with a weighted average of $78.73, the Eastern Cornbelt is up $2.58 at $79.10, the Western Belt is down $5.49 at $74.61, and Iowa/Southern Minnesota is $5.33 lower at $74.61. Butcher hogs at the terminals are steady with tops at $50 to $58. The Missouri Direct base carcass meat price is steady at $73 to $76 with supply and demand both called light to moderate. Missouri Direct sows are steady at $42 to $48. Illinois Direct sows are steady with moderate demand for light offerings, ranging from $49 to $62. Pork trade at midday was slow with mostly light demand and light to moderate offerings.