Market News

Midday cash livestock markets

It’s a slow start to the day in cash cattle country. Bids and asking prices have yet to be established, and significant trade volume could be delayed until the second half of the week. Trade volume totals were small last week, especially in the South.

Boxed beef was steady to higher at midday. Choice was up $.69 at $302.41 and Select was $.36 higher at $270.72. The Choice/Select spread is $31.69.

At the Tri-State Livestock Auction in McCook, Nebraska, steer calves 450 to 750 pounds sold steady to $5 higher compared to the most recent sale. Heifer calves 450 to 700 pounds sold $2 to $8 higher. USDA says demand was moderate to good from the buyers in the crowd. Feeder supply included 57% steers and 30% of the offering was over 600 pounds. Medium and Large 1 feeder steers 550 to 590 pounds brought $270 to $284 and feeder steers 657 to 668 pounds sold for $250. Medium and Large 1 feeder heifers 458 to 495 pounds brought $278.50  to $287.50 and feeder heifers 600 to 621 pounds sold for $238 to $250.50.

Cash hogs are steady to higher with light to moderate opening negotiated numbers for the major direct markets. It looks like some buyers are following through on those higher bids from Monday, trying to secure the needed near-term supplies, while some are content with their ready numbers. The industry is also monitoring the early week inconsistency in the wholesale market.

Barrows and gilts at the National Daily Direct had a base range of $63 to $71 and weighted average price of $68.78. The Iowa/Minnesota has a five-day rolling average of $68.94. The Western Corn Belt’s five-day rolling average is $69.05. The Eastern Corn Belt had no comparison, but a weighted average price of $69.98.

Butcher hogs at the Dorchester, Wisconsin markets are called steady at $55. Slaughter sows are steady at $36 to $42, and boars are $12 to $18. At Illinois, slaughter sow prices are trending $1 higher with moderate demand for heavy offerings at $40 to $53; barrows and gilts are steady with moderate demand for moderate offerings at $40 to $50; boars are $18 to $21 and $5 to $10.

Pork values were lower at midday – down $3.87 at $87.74. Bellies, hams, ribs, picnics, butts, and loins were all lower.

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!