The main item of business in cattle country on Monday is the distribution of the new showlists. Last week’s trade waited until Friday again with cattle in the South trading 1.00 higher at 124.00. Dressed business in the North was mostly 2.00 higher at 196.00. For the first time in a month, feedlot managers were successful in selling cattle significantly higher. Such a surprising boost in early fall leverage will no doubt encourage producers to initially price new showlists on a firm basis, probably about 126.00 plus in the South and 198.00 to 200.00 in the North.
Boxed beef cutout values are higher in the morning report with the choice up .70 at 193.09, and select is .49 higher at 176.45.
Feeder cattle receipts at the Joplin Regional Stockyards today totaled 5,000 head. Compared to last week, steer calves opened steady, heifer calves were weak to 2.00 lower. No early test reported on yearlings. The demand and supply is moderate. Feeder steers medium and large 1, calves weighing 600 to 700 pounds brought 154.00 to 160.50. 5 to 6 weight heifers traded from 146.00 to 158.00.
Barrows and gilts ion the Iowa/Minnesota, Eastern and Western direct trade areas are not reported due to confidentiality. Nationally the market is down 1.59 at 91.52 on a carcass basis. Missouri direct base carcass meat price is steady to 1.00 lower from 88.00 to 90.00. Terminal hogs are steady to 1.00 higher from 64.00 to 70.00 live. Illinois direct sows are mostly steady from 72.00 to 85.00.
Pork carcass value is down .52 at 99.74 FOB plant.
Hog slaughter last week totaled no more than 2,180,000 head, 9.2% smaller than last year. This was the fifth consecutive week with slaughter below the year-ago level and the ninth consecutive week with hog slaughter lower than expected based on the June pig report. The death toll linked to PEDv looms larger and larger.
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