Feedlot country remains untested on Wednesday with just a few starter bids of 129.00 evident in Texas. Asking prices are firm at 134.00 in the South and 210.00 to 212.00 in the North. Significant trade volume should be delayed until Thursday or Friday.
Feeder cattle receipts at the Hub City Livestock Auction at Aberdeen, South Dakota totaled 3334 head for a special Saturday calf sale. Compared to Wednesday’s sale, feeder steers weighing 450 to 650 pounds sold mostly steady with instances of 2.00 to 4.00 lower. Steer calves over 650 pounds were not well tested on the previous sale for a comparison. 450 to 600 pound heifers sold mostly steady with instances of 6.00 lower. There was good demand for all offerings. Feeder steers, medium and large 1 averaging 673 pounds brought 181.38 per hundredweight. 685 pound heifer calves traded at an average of 157.62.
Barrows and gilts in the Iowa/Minnesota direct trade are not reported due to confidentiality. Western markets are .75 higher with a weighted average of 78.24 on a carcass basis; the East is .13 lower at 77.63. Missouri direct base carcass meat price is a 1.00 to 2.00 higher from 73.00 to 76.00. Terminal hogs are fully steady in a range of 53.00 to 56.00 on a live basis.
Light country movement so far this week suggests hog buyers will have to increase spending efforts to fund late-week slaughter plans.