National Ag News
Midday cash livestock markets
Direct cash cattle trade is quiet. Bids are scarce with just a few renewed in Nebraska at $197 dressed. Asking prices have been reported at $128 live and at $203 dressed. Packer inquiry should improve throughout the day. But it is very likely significant trade volume will be delayed until the end of the week.
Boxed beef is firm to higher on moderate demand for moderate
offerings. Choice is $.61 higher at
$212.54 and Select is $1 higher at $207.94.
At the Hub City Livestock Auction in South Dakota, receipts
are down on the week and the year.
Compared to the last sale steers 600 to 850 pounds were steady with
steers 650 to 700 pounds steady to $3 lower with instances of $3 higher on 700 to
750 pounds. Heifers 550 to 750 pounds
were mostly steady. The USDA says demand
was good for the calf offering which featured more packages and less loads than
last week. The best demand was for
calves suitable for grass. Quality was
above average with many attractive packages to choose from and the majority
were home raised, preconditioned, and long-time weaned. The market was active. Feeder supply included 62 percent steers and
80 percent of the offering was over 600 pounds.
Medium and Large 1 feeder steers 650 to 699 pounds brought $142.75 to
$161.50 and feeder steers 702 to 749 pounds brought $145 to $158. Medium and Large 1 feeder heifers 605 to 646
pounds brought $141.50 to $152.50 and feeder heifers 701 to 744 pounds brought
$132.50 to $139.25.
Cash hogs opened steady with extremely light negotiated purchase
totals. Prices at the major regional
direct markets were not reported at midday due to confidentiality. The supply of ready barrows and gilts is ample,
and packers have been aggressively making purchases this week. Weather will likely continue to play a role
in the markets, especially if this winter storm develops as projected. Buyers have been busy, but the overall demand
picture still remains unclear and that adds uncertainty to the market.
Continue reading Midday cash livestock markets at Brownfield Ag News.
