Market News

Midday cash livestock markets

A few scattered asking prices on the cattle are being reported on Wednesday at 130.00 to 131.00 in the South but so far no bids have been reported in any region. The Fed Cattle Exchange Internet Auction on Wednesday had listings of 4,446 head with only 701 head sold at an average price of 128.62. Last week only 110 head sold at 126.00. In the past the auction has been known to get the cash market started, but not for the last several weeks.

Boxed beef cutout values are mixed in the morning report. Choice beef is down .91 at 215.08, select is up .31 at 202.51.

Slaughter cattle receipts at the Manchester, Iowa Livestock Auction INC. totaled 596 head on Tuesday. Steers, Holstein steers and heifers all trended 2.00 to 3.00 higher than last week. High yielding prime and choice steers ranged from 132.00 to 137.50. Holstein steers brought 100.00 to 109.50. Beef heifers from 132.00 to 138.50.

Feeder cattle receipts at the Ozarks Regional Stockyards at West plains, Missouri totaled 3,178 head on Tuesday. Compared to last week, steer and heifer calves weighing less than 600 pounds trended 4.00 to 10.00 higher with heavier weight calves trading steady to 4.00 higher. Yearlings were not well tested except for the eight weight steers 6.00 higher. Demand was very good on a moderate supply. Optimism continues to grow in the cash market as warmer temperatures and rains across the area have increased for grass fed calves. Feeder steers medium and large 1 averaging 614 pounds brought 177.54 per hundredweight. 520 pound heifers traded at 148.10.

Barrows and gilts in the Iowa/Minnesota direct trade are down.98, the West is .99 lower with both at 54.26 weighted average on a carcass basis. Nationally the hog market is down .68 at 54.57. Missouri direct base carcass meat price is 1.00 to 2.00 lower from 47.00 to 49.00. Midwest hogs on a live basis are steady to 2.00 higher from 35.00 to 40.00.

The pork carcass cutout value is up .36 at 75.12 FOB plant in the morning report.

This week’s hog kill could be on par with last week’s. But seasonally, next week could be the largest kill level, then trend down from there in choppy fashion, yet still remain larger than the prior season.

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