National Ag News

Direct cash cattle trade is off to a slow start.  Bids have finally started to surface at $204 dressed in parts of Nebraska.  Asking prices are still holding at $130 to $132 live and $210 dressed.  There could be a small amount of business develop today – but it’s more likely business will hold off until after tomorrow’s Cattle on Feed report. 

Boxed beef is steady to firm at midday – on moderate demand
and offerings.  Choice is $.18 higher at
$228.85 and Select is $.54 higher at $219.17. 
The Choice/Select spread is $9.68. 

At the Hub City Livestock Auction in South Dakota, receipts
are up on the week and the year. 
Compared to last week, steers 600 to 1000 pounds were $3 to $6 higher
with the exception of steers 800 to 899 pounds, which were $7 to $10
higher.  Most weight classes of heifers
were lightly tested last week, but the best comparison came on heifers 700 to
750 pounds and 800 to 850 pounds which were $2 to $4 higher.  The USDA says demand was good to very good for
the large offering of many packages, loads, and several strings of both
home-raised and backgrounded cattle.  The
market was active with activity improved throughout the sale.  Quality was mostly attractive again and flesh
varied.  Many producers are still digging
out from the recent weather.  Feeder
supply included 54 percent steers and 93 percent of the offering was over 600
pounds.  Medium and Large 1 feeder steers
800 to 848 pounds brought $140.25 to $148.25 and feeder steers 854 to 899
pounds brought $133 to $145.25.  Medium
and Large 1 feeder heifers 802 to 843 pounds brought $124.75 to $129.25 and
feeder heifers 855 to 898 brought $124.25 to $129.20. 

Cash hogs opened firm with light to moderate negotiated purchase totals.

Continue reading Midday cash livestock markets at Brownfield Ag News.