Market News

Pork and beef values continue to climb

Direct cash cattle trade ended Wednesday unestablished and cash hogs closed steady to lower.

At the Chicago Mercantile Exchange,
August live cattle closed at $123.07, up 15 cents.
August feeder cattle closed at $160.17, down 52 cents.

The cash cattle trade was too light to test Wednesday. The majority of fed cattle sales were in Texas but were too light to call an accurate market test.

At the Huss Livestock Market in Kearney, Nebraska, they had 3,830 cattle Wednesday. There was no comparison to last week, but demand was good on a nice selection of cattle, mostly steers over 600 pounds.

Medium and large frame number one steers; 113 head weighing 712 to 735 pounds brought $163.75 to $168.50.

700 steers weighing 950 to 989 pounds brought $152.00 to $154.85.

Medium and large frame number one heifers, 223 head weighing 703 to 732 pounds, brought $149.00 to $158.00.

274 head weighing 813 to 845 pounds brought $148.00 to $152.00.

Estimated cattle slaughter Wednesday was 120,000 head, 3,000 more than last week and 1,000 more than last year.

Lean hog futures closed lower. August was down $1.77 at $105.70.

Cash hogs closed mostly lower.

National direct barrows and gilts closed $1.74 lower with a weighted average of $103.80. Western Conbelt hogs were $1.17 lower at $106.19, and Iowa/Minnesota direct hogs were 98 cents lower at $106.51.

Butcher hogs at Midwest terminals, both Dorchester, Wisconsin and Garnavillo, Iowa were steady at $75.00. Sows at both locations are also steady $75.00; boars at $25.00 Illinois slaughter sows and boars traded firm on 1,350 head. Light sows brought $64.00 to $76.00, while heavy sows ranged from $64.00 to $80.00. Boars sold in a range of $10.00 to $50.00.

Pork carcass cutout values closed $1.48 higher at $124.97.

The estimated hog slaughter Wednesday was 471,000 head, 3,000 fewer than last week and 5,000 fewer than a year ago.

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