Market News

Monday midday cash livestock prices

The main item of business in feedlot country on Monday is the distribution of this week’s showlists. Bids and asking prices are not fully established. Significant business was delayed until Friday last week, and cattle buying was limited. Packers will no doubt be starting the week short-bought once again. Live southern deals were marked at 159.00, generally 2.00 to 3.00 lower than the previous week. Northern dressed business ranged from 244.00 to 245.00, about 3.00 to 4.00 lower than the previous Weeks’s weighted average basis Nebraska.

Boxed beef cutout values are firm to higher with choice up .66 at 114.99, select 230.52 up .91.

Feeder cattle receipts at the Joplin Regional Stockyards totaled 4,000 head on Monday. Compared to last week, steer and heifer calves opened steady. Yearlings were not tested early, demand was good and the supply was moderate. Feeder steers, medium and large 1 weighing 500 to 600 pounds traded from 257.50 to 275.00 per hundredweight. 5 to 6 weight heifers brought 237.00 to 242.50.

Barrows and gilts in the Iowa/Minnesota direct trade are not reported due to confidentiality. Western hogs ae down .57 at 104.95 weighted average on a carcass basis, the East is .15 lower at 99.62. Nationally the market is 3.88 lower at 100.37. Missouri direct base carcass meat piece is steady to 2.00 higher from 90.00 to 99.00. Midwest hogs are steady with an instance of 2.00 to 4.00 higher from 65.00 to 78.00 live.

Pork carcass cutout value is up 1.35 FOB plant 114.99. Bellies and loins are over 5.00 higher but hams are lower.

Seasonal realities are rough to bet against. Barring a shocking surprise, the weekly hog slaughter is now set to increase by 200,000 head or so over the next 30-60 days.

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