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Midday cash livestock markets

Direct cash cattle trade is off to another quiet start but it’s picking up in Kansas at $144, $1 higher than last week’s weighted average.  Some asking prices remain firm around $145 in the South, and $233-plus in the North.

Boxed beef cutouts are mixed with light to moderate box movement. Choice is $.58 higher at $247.64 and Select is $.47 lower at $218.75.  The Choice/Select spread is $28.89.

At the Hub City Livestock Auction in Aberdeen, South Dakota, compared to last week, best test on steers 850 to 950 pounds were $2 higher with an instance $6 higher on 900 pounds to 950 pounds, 951 to 1050 pounds steady to $1 lower with an instance $7 lower.  The USDA says demand was good for yearlings with the offering consisting of mostly strings and loads of steers off grass. There was less variety in flesh this week with most cattle light to moderate. There was lots of attractive quality cattle to chose from.  Receipts were down on the week and year. Feeder supply included 82 percent steers and 100 percent of the offering was over 600 pounds.  Medium and Large 1 feeder steers 793 to 799 pounds brought $186.25 to $189.50 and steers 900 to 937 pounds brought $173 to $187.50. Medium and Large 1 feeder heifers 780 to 793 pounds brought $168 to $180.75 and heifers 916 to 935 pounds brought $167.50 to $170.50.

Cash hogs opened lower.  After two big days of business by processors, they didn’t have to work hard to get bids and meet their procurement efforts at the end of the week.  Global demand for US pork is good but USDA’s latest export sales report was mixed with Mexico and China buying two thirds of the total. Barrows and gilts at the National Daily Direct are $.60 lower with a base range of $84 to $98 with a weighted average of $89.32; at the Iowa/Minnesota are $2.07 lower with a weighted average of $93.18; the Western Corn Belt is $1.64 lower with a weighted average of $93.61.  The Eastern Corn Belt did not report due to confidentiality reasons.

Butcher hogs opened steady at $62. At Illinois, slaughter sow prices were steady with moderate demand for moderate offerings from $58 to $70.  Barrows and gilts were steady with moderate demand for moderate offerings from $58 to $68. Boars ranged from $39 to $41 and $9 to $19.

Pork values are higher, up $2.46 at $101.75. Loins, picnics and butts are lower.  Ribs, hams and bellies are sharply higher.

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