Market News

Tuesday midday cash livestock prices

It is a typical Tuesday in cattle country with bids and asking prices still not well defined although a few showlists have been priced around 167.00 to 168.00 in the South and 260.00 plus in the North. Significant trade volume will likely be delayed until the second half of the week.

Boxed beef cutout values are higher in the morning report, with the choice up .20 at 250.04, and select .39 higher at 235.56.

Feeder cattle receipts at the Sioux Falls Regional Stockyards at Worthing, South Dakota totaled 1959 head on Monday. Steer calves sold with steady to higher undertones compared to last week’s limited calf offering. Heifer calves were mostly steady with the exception of heifers under 500 pounds having a much lower undertone. Yearling steers and heifers trended steady. There was good demand for calves and yearlings. Feeder steers medium and large 1 weighing 567 pounds averaged 281.85 per hundredweight. 521 pound heifers brought 263.58.

Barrows and gilts in the Iowa/Minnesota direct trade are .44 higher at 97.32 weighted average on a carcass basis, the West is up.70 at 87.32, and the East is down 1.56 at 95.47. Missouri direct base carcass meat price is 1.00 to 7.00 lower from 88.00 to 93.00. Barrows and gilts at Midwest markets on a live basis are steady to an instance of 2.00 lower from 68.00 to 80.00.

The pork carcass value is down 3.27 at 103.19 FOB plant with only ham primals higher.

Continued concerns surrounding PED redeveloping through the upcoming months as temperatures cool seem to be the one wild card in the lean hog market which could help to draw aggressive price support back into the market over the next few months. A strong redevelopment of PED could throw all fears of abundant hog supplies out the window for all of 2015.

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