Market News

Monday midday cash livestock markets

The activity in feedlot country on Monday is limited to the distribution of the new showlists. Ready numbers are expected to be steady to somewhat larger than last week. Most packers should start the week still close to the knife. Asking prices are around 148.00 in the South, and 238.00 to 240.00 in the North.

Boxed beef cutout values are higher in the morning report. Choice beef is up 1.69 at 228.04, and select is 1.87 higher at 217.10.

Feeder cattle receipts at Missouri auctions last week totaled 28,804 head. Compared to the previous week, feeder steers and heifers were mostly steady around the state. Some six and seven weight steers were weak to 4.00 lower. Locally reporters noted uneven markets. Demand was good, supply was moderate. Feeder steers medium and large 1 averaging 576 pounds brought 214.29 per hundredweight. 570 pound heifers traded at 190.11.

Barrows and gilts in the Iowa/Minnesota and Western direct trade areas are not reported due to confidentiality. Nationally the market is 2.91 lower with a weighted average of 110.33 on a carcass basis. Eastern hogs are 1.02 lower at 110.56. Missouri direct base carcass meat price is 4.00 lower at 108.00. Barrows and gilts in the Midwest on a live basis are steady with an instance of 3.00 to 5.00 lower from 81.50 to 92.00 with a top in Iowa at 96.00.

The pork carcass cutout value is .55 higher at 121.89.

After two weeks of significantly lower hog sales, many expect greater country spending now that Easter has come and gone, and the next major shift in ready numbers of barrows and gilts will be lower regardless of the exact level of PEDv death loss through the winter.

 

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