Midday cash livestock markets
December 5, 2019 By Meghan Grebner Filed Under: Livestock, Livestock Markets, Livestock Markets, Market News, Market News
Direct cash cattle trade activity is improving. Bids have surfaced at $118 to $119 live and $186 dressed. Asking prices are around $121 to $122 live in the South and $190 to $193 dressed in the North. There were a handful of deals reported yesterday at $119 to $120 live, but it’s not near enough to establish a trend. While we could start to see some business develop yet today, it’s very likely significant trade volume will be delayed until sometime on Friday.
Boxed beef opened lower on light demand for moderate to
heavy offerings. Choice is $1.11 lower
at $225.84 and Select is $1.32 lower at $208.99. The Choice/Select spread is $165.85.
At the Hub City Livestock Auction in South Dakota, compared
to two weeks ago steer calves 500 to 550 pounds were $3 to $4 lower, steers 551
to 600 pounds were unevenly steady, steers 601 to 700 pounds were steady to $2
higher. Heifer calves 450 to 550 pounds
were mostly steady, 551 to 600 pounds were steady to $2 higher, and 601 to 650-pound
heifers were mostly steady. There was a
lighter offering of yearlings with steady undertones noted. The USDA says demand was good to very good
for loads and packages of yearling steers and heifers on offer. Demand for calves was moderate to good. Receipts of 3,518 head are down on the week
and the year. Feeder supply included 53
percent steers and 65 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers 558 to 592
pounds brought $149 to $160.50 and feeder steers 982 to 993 pounds brought $142
to $155. Medium and Large 1 feeder heifers
556 to 598 pounds brought $128 to $140 and feeder heifers 879 to 890 pounds
brought $131 to $138.
Cash hogs opened firm with aggressive negotiated
purchases. Domestic demand for US pork
has remained solid, but the industry continues to look for significantly higher
demand for US pork on the global market.
Today’s export sales report had a solid showing for pork. But the heavy supply situation continues to
put a limit on the markets ability to keep this higher price run
sustained. Barrows and gilts at the Iowa/Southern Minnesota opened $.64
higher for a weighted average of $46.29; the Western Corn Belt is $.70 higher
for an average of $46.29; the Eastern Corn Belt was not reported due to
confidentiality; the National Daily Direct opened $.75 higher with a base range
of $41 to $47.50 for an average of $46.43.
Butcher hog prices in Dorchester, Wisconsin are $2 higher at
$36. Garnavillo, Iowa is closed
today. At Illinois, slaughter sow prices are $1 lower at $22 to $33
with moderate demand for very heavy offerings.
Receipts of 1,300 head were up sharply on the year. Barrow and gilt prices were $1 to $2 higher
at $26 to $32 with moderate demand for moderate offerings.
Pork values are sharply higher at midday – up $2.32 at
$83.32. Bellies jumped $13.46 this
morning. Loins and Ribs are also sharply
higher. Butts, hams, and picnics are all
Your email address will not be published.
Subscribe for our newsletter today and receive relevant news straight to your inbox!