A few scattered cattle sales are being reported in Kansas today and it is possible that we could see a few more cattle trade today. Yesterday brought a moderate trade in the North, with dressed sales trading from 202.00 to 204.00.00, mostly 204.00, $5.00 to 6.00 higher than the bulk of last week’s business, basis Nebraska. A light trade was reported in the South fully steady with Wednesday’s trade of 129.00, although there were a few deals marked as high as 131.00 in Kansas.
Boxed beef cutout values are lower in the morning report with the choice down .62 at 185.41, and select is 1.73 lower at 179.99.
Feeder cattle receipts at Missouri Auctions totaled 25,966 head this week. Compared to last week, feeder steers sold steady to 5.00 higher and heifers sold steady to 3.00 higher. Not enough Holsteins for a market test this past week. Lighter weight calves found the most strength in this week’s auctions. Cooler weather has slightly decreased the risk of sickness as many of these young claves are being separated from their mothers for the first time. Feeder steers medium and large 1 averaging 527 pounds traded at 181.21 per hundredweight. 724 pound steers brought 164.03. 522 pound heifers traded at 161.47 and 766 pounds at 154.41.
Barrows and gilts in the Iowa/Minnesota direct trade are .47 lower with a weighted average of 90.93 on a carcass basis, the West is down .48 at 90.78, and the East is not reported due to confidentiality, Missouri direct base carcass meat price is steady from 82.00 to 83.00, sows are steady to 2.00 lower from 57.00 to 64.00. Barrows and gilts at the terminals are steady from 58.00 to 66.00.
The pork carcass value FOB plant is down 3.01 at 92.87.
Some believe Saturday’s hog kill will total no more than 130,000 head with the weekly total falling just short of 2.3 million. This could still be 3-4% below 2012, further evidence that market hog numbers were overstated by the last quarterly inventory.
Seasonally speaking, weekly hog kills could steadily grow for another six weeks. Indeed, more time than not the largest slaughter of the fourth quarter won’t surface until early December.
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