Market News

Midday cash livestock markets

It is looking like the cash cattle trade is finished for the week following Wednesday’s moderate to active trade. There was a small amount of clean-up trade reported on Thursday at steady money, 130.00 to 132.00 live, and 210.00 to 212.00 dressed in the North.

Choice boxed beef is 1.97 higher at 217.69, and select 204.06, up .49.

Feeder cattle receipts at Missouri auctions this week totaled 28,903 head. Compared to last week feeder steers and heifers traded steady to 5.00 higher, instances of 10.00 higher on calves. Demand was good and the supply was moderate. There was a positive tone throughout the cattle industry all week. Feedlots are current and there was a higher fed cattle trade. Lighter carcass weights means feedlots are needing to restock their inventories. Feeder steers medium and large 1 averaging 524 pounds averaged 175.86 per hundredweight. 520 pound heifers brought 148.48.

The Rock Valley, Iowa Hay Auction had 71 loads on Thursday. Compared to last week, higher quality hay sold with a firm undertone, while average to poor quality hay sold nearly steady. Very light interest was noted for bedding materials. Good large squares of alfalfa brought 107.50 to 110.00 per ton. Large rounds from 95.00 to 100.00. Premium large rounds of grass brought 120.00 per ton with good large rounds at 80.00 to 90.00. Good alfalfa grass mix in large squares at 120.00 per ton.

Barrows and gilts in the Iowa/Minnesota direct trade are not reported due to confidentiality, the West is down 1.27 at 52.41 weighted average on a carcass basis, nationally the market is .75 lower at 53.12. The Missouri direct base carcass meat price is steady from 47.00 to 49.00. Midwest hogs on a live basis are not well tested on Friday.

The pork carcass cutout value is .91 higher at 75.50 FOB plant.

For the week ending April 15, Iowa barrows and gilts averaged 283.8 pounds, .6 pounds heavier than the prior week, and only .3 pounds lighter than 2016.

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