Market News

Monday midday cash livestock markets

The main item of business in cattle country on Monday is the distribution of the new showlists. Most buyers waited until Friday to purchase cattle and the numbers were minimal, so they will likely be starting out the week short bought. Live Southern deals were marked at 161.00 to 162.00, generally a 1.00 to 2.00 lower than the previous week, deals in the North ranged from 248.00 to 25.00, 1.00 to 3.00 lower.

Boxed beef cutout values were mixed in the morning report, choice beef 249.87 down .06, select 235.26 up .72.

Feeder cattle receipts at the Joplin, Missouri Regional Stockyards total 4500 head today. Compared to last week, steer calves opened steady to 5.00 higher, with the increase on the 400 weights, heifer calves were steady. There was no early test on yearlings. Demand was good and supply was moderate. Feeder steers medium and large 1 weighing 500 to 600 pounds ranged from 242.00 to 263.00 per hundredweight. 5 to 6 weight heifers brought 232.00 to 253.00.

Barrows and gilts in the direct trade areas were not reported due to confidentiality. Nationally the market is 3.69 lower at 97.11 weighted average on a carcass basis. Missouri direct base carcass meat price is 3.00 higher from 90.00 to 97.00. Barrows and gilts at Midwest markets on a live basis are steady to 1.00 higher from 63.00 to 74.00.

Pork carcass cutout value is 3.10 higher FOB plant 109.67. Loins were over $9.00 higher.

The potential damage tied to PED is still a big guessing game, according to DTN’s John Harrington. While the negative supply impact should lessen in magnitude moving forward, new cases of the virus continue to be reported. Serious concerns remain that the incidence of cases will increase again as fall and winter weather is more conducive to the spreading of the virus.