Market News

Midday cash livestock market

There is still not a lot of movement in cattle country on Thursday, with just a few bids noted in Kansas and Texas at 156.00. Packer inquiry is expected to improve as the day progresses, although significant trade volume could be delayed until later today or tomorrow. Asking prices are around 162.00 in the South, and 260.00 plus in the North.

Boxed beef cutout values are lower in the morning report. Choice beef is down 1.88 at 245.41, and select is 1.00 lower at 239.44.

Bassett Livestock Auction at Bassett, Nebraska had receipts of 4400 cattle on Wednesday. Compared to two weeks ago. Steers traded from 8.00 to as much as 20.00 lower, except 700 pound offerings were 6.00 higher. 5 to 6 weight heifers traded 10.00 to as much as 20.00 lower. Demand was moderate to good with not many buyers in the seats. Feeder steers, medium and large 1 averaging 624 pounds averaged 258.32 per hundredweight. 672 pound replacement heifers brought 239.50.

Barrows and gilts in the Iowa/Minnesota, Western, and Eastern direct trade are not reported due to confidentiality. Nationally the hog market is .82 lower at 65.89 weighted average on a carcass basis. Missouri direct base carcass meat price is 1.00 to 6.00 lower from 54.00 to 62.00. Barrows and gilts at Midwest markets are steady to 3.00 lower from 41.00 to 46.00 live.

The pork carcass cutout value is 1.69 lower at 78.64 FOB plant.

Iowa barrows and gilts last week averaged 286.1 pounds,1 pound lighter than the previous week and 3.2 pounds heavier than 2014.

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