National Ag News
Midday cash livestock markets
Direct cash cattle trade is fairly quiet to start the day. A few scattered bids have been reported in Nebraska at $112 live and $180 to $181 dressed. Asking prices are around $114+ live in the South and $186+ dressed in the North. Packer inquiry is expected to improve as the day progresses, but it is also possible significant trade volume will be delayed until the end of the week. Today’s Fed Cattle
Exchange had an offering of 326 head, all of which sold for a weighted average
price of $111. 243 head were sold for 1
to 9-day delivery and 83 head sold for 1 to 17-day delivery.
Boxed beef is weak at midday on moderate demand for moderate
to heavy offerings. Choice is $.49 lower
at $212.44 and Select is $.79 lower at $188.37.
The Choice/Select spread is $24.07.
At the Sioux Falls Regional Stockyards in South Dakota, receipts were down on the week and higher on the year.
Continue reading Midday cash livestock markets at Brownfield Ag News.
