Market News

Midday cash livestock markets

USDA Mandatory reported cattle trading was moderate in Kansas and light in the Texas Panhandle on Thursday on light to moderate demand. Live sales were 1.-00 lower than last week at 133.00. Trading and demand was light to moderate in Nebraska and Iowa. Live sales in Central Nebraska traded at 132.00, with dressed sales 4.00 lower than last week at 206.00. In Iowa live sales were 1.00 to 2.00 lower at 130.00, dressed sales were 4.00 lower at 206.00. Estimated trade was 58,000 head. There could be some cleanup trade today, but sales may be complete for the week.

Boxed beef cutout values were mixed in the morning report, choice 216.67, down .35, select 1.00 lower at 213.77.

Feeder cattle receipts at Missouri auctions totaled 27,546 head. Compared to last week, feeder steers sold steady to 5.00 lower, although there were some instances of 5.00 to 10.00 lower were noted especially on fleshy and/or un-weaned calves. Feeder heifers sold mostly steady although quality heifers suitable to return to the farm were firm to 2.00 higher. 1556 head of feeder steers averaging 672 pounds traded at 166.70 per hundredweight. 446 heifers weighing 669 brought 148.97.

Receipts at the St. Onge-Newell Sheep yards in South Dakota totaled 1811 head. Compared to two weeks ago feeder lambs under 90 pounds were 2.00 to 3.00 higher, heavier weights steady to 5.00 lower. Slaughter Ewes were 4.00 to 6.00 lower. Very good demand for several long strings and many packages of feeder lambs and bred ewes which sold on a very active market. Feeder lambs medium and large 1 weighing 84 pounds brought 186.45 per hundredweight.

Barrows and gilts in the Iowa/Minnesota direct, West and East are not reported due to confidentiality. The national direct hog market is down 1.90 at 61.05 weighted average on a carcass basis. Midwest hogs on a live basis are lightly tested from 37.00 to 48.00, and are steady. Missouri direct base carcass meat price is steady from 51.00 to 57.00.

The pork carcass cutout value was up .38 at 75.90 FOB plant.

Net pork export sales were once again impressive last week, up 40% from the previous week and 35% from the prior four-week average. Increases were reported for China, Japan, South Korea, Mexico, and Hong Kong.

 

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