Direct cattle markets are quiet at midday on Friday. Packer inquiry is improving, albeit slowly. Bids are $147 Live in Kansas and $239 to $240 Dressed in Nebraska. Asking prices are holding around $152 to $153 Live and $246+ Dressed. Boxed beef at midday is expected to be lower on light to moderate box movement.
At the Valentine Livestock Auction in Nebraska, there was no recent test, so no comparison was given, with estimated receipts of 2,780 head. USDA says demand was very good, with several buyers in the seats and high internet activity. 44% of the supply was steers, 56% was heifers, and 71% of the total offering weighed over 600 pounds. 609 to 640 pound feeder steers sold at $212 to $226 and 657 to 688 pound heifers ranged from $182.75 to $193.
Butcher hogs at the terminal markets are steady at $87 to $96, with an extreme top of $99. Zumbrota, Minnesota is not tested because of a winter storm. Overall, packers are still looking at a tight supply of market ready numbers, but are reluctant to bid too highly because of concerns about product demand. The cutout value dropped $3.83 yesterday, with ribs and primals in particular taking a big hit.
Pork industry groups in Brazil are asking for the Ministry of Agriculture to temporarily ban imports of live breeding pigs, genetic material, and plasma from the U.S. According to Feedstuffs, the groups want to prevent the spread of PEDv from the U.S. to Brazil. A statement from Brazil’s Ministry of Agriculture issued a statement saying quarantined animals will be released after proof of health.
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