Midday cash livestock markets
January 23, 2020 By Meghan Grebner Filed Under: Livestock, Livestock Markets, Livestock Markets, Market News, Market News
Another round of light direct cash cattle trade is underway. A few deals in Nebraska have been reported at $124 live and $199 dressed – all are marked for delayed delivery. That’s fully steady with both last week and yesterday’s business. Asking prices for cattle left on showlists are around $126 live in the South and $202 dressed in the North. Look for the rest of this week’s business to develop sometime today or tomorrow.
Boxed beef is mixed at midday on moderate demand for moderate
offerings. Choice is $.48 higher at $215.55
and Select is $.96 lower at $211.06. The
Choice/Select spread is $4.38.
At the Huss Livestock Market in Nebraska, compared to last week
steers under 700 pounds were $3 to $8 higher and steers over 700 pounds were steady
to $3 higher. Heifers were steady to $4
higher. The USDA says demand was good
from the buyers in the crowd. Receipts
were down on the week and nearly steady on the year. Feeder supply included 58 percent steers and
71 percent of the offering was over 600 pounds.
Medium and Large 1 feeder steers 600 to 646 pounds brought $160 to
$171.50 and feeder steers 650 to 695 pounds brought $153 to $162.75. Medium and Large 1 feeder heifers 600 to 647
pounds brought $145.50 to $155 and feeder heifers 650 to 692 pounds brought
$140.25 to $151.25.
Cash hogs opened firm to higher with moderate negotiated
purchases. Today, optimism that demand
for US pork will continue to grow is behind today’s movement. The global shift in protein opens another opportunity
for more demand to surface for US pork.
That’s key as supplies are more than ample and pork production is
projected to increase again this year. Barrows and gilts at the National Daily Direct opened $.93
higher with a base range of $48 to $54.50 for a weighted average of $52.85; the
Iowa/Southern Minnesota opened $.92 higher for a weighted average of $52.98;
the Western Corn Belt opened $.60 higher for a weighted average of $52.64. The Eastern Corn Belt was not reported due to
Butcher hog prices at the Midwest Cash Markets are $2 higher
at $40. At Illinois, slaughter sow prices were firm with moderate
demand for moderate to heavy offerings at $12 to $20. Barrow and gilt prices were firm with moderate
demand for moderate offerings at $28 to $36.
Pork values are firm at midday – up $.72 at $79.46. Bellies, loins, and butts are all
higher. Picnics, hams, and ribs are
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