Market News

Midday cash livestock markets

Scattered deals are being reported in Kansas at $123, $1 lower than most of Wednesday’s trade but steady with last week. Asking prices are around $125 to $126 in the South, and $205 plus in the North. Beef cutouts are expected to move lower on light to moderate box movement.

Boxed beef cutout values are lower at midday with Choice $1.59 lower at $333.27 and Select $1.76 lower at $296.41. The Choice/Select spread is $36.86.

At the Winter Livestock auction in Dodge City, Kansas, compared to last week, feeder steers over 600 pounds sold $4 to $9 lower.  Steer calves from 400 to 600 pounds sold $4 to $6 higher. Feeder heifers 700 to 950 pounds sold unevenly steady. Heifer calves 500 to 600 pounds sold $6 lower while heifer calves below 500 pounds sold $5 to $10 higher. UDSA says demand was moderate. Receipts were up on the week. Feeder supply included 28 percent steers and 83 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers weighing 757 to 789 pounds brought $146 to $152 and feeder steers weighing 879 to 895 pounds brought $146 to $151. Medium and Large 1 feeder heifers weighing 608 to 638 pounds brought $153.50 to $155.75 and feeder heifers from 713 to 746 pounds brought $150.50 to $153.25.

Cash hogs are sharply lower at midday. The industry continues to monitor the availability of market-ready barrows and gilts.  Demand for US pork on the global market and domestically has helped provide a lot of price support, and the industry hopes that to continue. Barrows and gilts at the National Daily Direct are $2.22 lower with a base range of $84 to $91 for a weighted average of $85.95; the Iowa/Minnesota has a weighted average of $89.76; the Western Cornbelt has a weighted average of $89.76; the Eastern Cornbelt was not reported at midday due to confidentiality.

Butcher hogs at the Midwest cash markets are steady at $70.

At Illinois, slaughter sow prices were steady with good demand for moderate to heavy offerings at $63 to $80.  Barrow and gilt prices were steady with moderate demand for moderate offerings at $54 to $62.  Boars ranged from $15 to $40.  

Pork values are higher at midday, up 58 cents at $110.98. Loins are sharply higher, hams are higher. Butts, picnics and ribs are lower, bellies sharply lower.

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