Midday cash livestock markets
December 6, 2019 By Meghan Grebner Filed Under: Livestock, Livestock Markets, Livestock Markets, Market News, Market News
Direct cash cattle trade is off a quiet start this morning following yesterday’s light to moderate business. Deals in the South were at mostly $119 live, that’s about $1 higher than last week’s weighted averages. The North is still waiting for business to develop, which is expected at some point today. The lone bid on the table at midday is $118 live in Nebraska. Asking prices for cattle left on showlists are around $121+ live in the South and $190 to $193 dressed in the North.
Boxed beef opened mixed with moderate demand for moderate
offerings. Choice is $.42 lower at $225.18
and Select opened $.17 higher at $208.29.
The Choice/Select spread is $16.89.
At the Douglas County Livestock Auction in Missouri, compared
to two weeks ago feeder steers are steady to $3 higher and feeder heifers under
600 pounds are steady to $3 higher and over 600 pounds are steady to $2
lower. The USDA says demand was good and
supply was heavy. Receipts of 2,591 are
up from two weeks ago. Feeder supply
included 65 percent steers and 50 percent of the offering was over 600
pounds. Medium and Large 1 feeder steers
680 pounds brought $147 and feeder steers 718 to 747 pounds brought $138 to
$145.25. Medium and Large 1 feeder
heifers 554 to 581 pounds brought $129 to $133 and feeder heifers 662 to 697
pounds brought $125 to $128.
Cash hogs opened steady to lower with moderate negotiated
purchases. Prices have been higher this
week – which could signal a couple of things, the market has hit its seasonal low
and packers have had more wiggle room to move their desired numbers. However, heavy supplies are limiting the market’s
ability to keep these higher prices sustained.
Domestic demand has remained strong, but the industry wants and needs to
see demand for US pork rise significantly on the global market. Barrows and gilts at the Iowa/Southern Minnesota opened $1.06 lower for a weighted
average of $45.74; the Western Corn Belt is $1.06 lower for a weighted average
$46.65; the Eastern Corn Belt was not reported due to confidentiality; and the
National Daily Direct opened $.06 higher with a base range of $41 to $47.94 for
a weighted average of $46.73.
Butcher hog prices at the Midwest Cash Markets are steady at
At Illinois, slaughter sow prices were steady at $22 to $33
with moderate demand for moderate offerings.
Receipts are up on the week and down on the year. Barrow and gilt prices are steady at $26 to
$32 with moderate demand for moderate offerings.
Pork values opened higher – up $1.06 higher at $82.42. Picnics, hams, ribs, butts, and bellies are
all higher to sharply higher. Loins are
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