Market News

Midday cash livestock markets for Monday

Cattle country is quiet with bids and asking prices not fully established with producers and packers counting heads. Last week’s trade in the North started its decline on Wednesday and continued downhill from there on Thursday and Friday. The full range on dressed sales in Nebraska was 242.00 to 248.00, the 248.00 took place early Wednesday and a few sales reported Friday were down to 242.00. Kansas trade took place on Wednesday and Thursday with live sales marked at 1.55.00. Texas waited until Friday with live sales marked at 155.00.

Boxed beef cutout values are mixed with the choice beef up .11 at 255.65, and select down .64 at 247.74.

Feeder cattle receipts at the Joplin, Missouri Regional Stockyards on Monday totaled 4,000 head. Compared to last week, steer and heifer calves under 450 pounds are steady. Calves over 450 pounds and yearlings opened 4.00 to 5.00 lower. Demand is moderate and supply was moderate. Feeder steers, medium and large 1 weighing 500 to 600 pounds traded from 230.00 to 260.00 per hundredweight. 5 to 6 weight heifers brought 225.00 to 233.00.

Barrows and gilts in the Iowa/Minnesota and Western direct trade areas are not reported due to confidentiality. Nationally the market is 2.18 lower with a weighted average of 101.11 on a carcass basis. The Eastern hogs are 1.72 lower at 101.65. Missouri direct base carcass meat price is 3.00 lower from 98.00 to 100.00. Butcher hogs at Midwest markets are steady with instances of 3.00 and 4.00 lower from 69.00 to 80.00 on a live basis.

The pork carcass value is down 1.34 FOB plant at 110.46 in the morning report.

For the week ending Aug. 2, federally inspected hog carcass weights averaged 213 pounds, remaining steady with the previous week’s average. Year to date carcass weights have averaged 214 pounds, 3.8% heavier than the same period last year. Weights are not anticipated to drift lower in the coming weeks but should instead begin to increase on a seasonal basis during the fall.