National Ag News
Midday cash livestock markets
Direct cash cattle trade is quiet again through midday. There are just a few starter asking prices surfacing at $109 to $110 live in the South and $178 dressed in the North. Bids have yet to be floated. It’s likely significant trade volume will be delayed until the latter half of the week.
Boxed beef is higher to sharply higher at midday on good
demand for light to moderate offerings.
Choice is up $3.50 at $242.63 and Select is $.45 higher at $214.97. The Choice/Select spread is $27.66.
At the close at the Joplin Regional Stockyards in Missouri,
receipts are down on the week and the year.
Compared to last week, feeder steer and heifer calves were steady on a
limited test, yearling steers were $1 to $2 higher, yearling heifers were
steady. The USDA says demand was
moderate to good and supply was light.
Feeder supply includes 55 percent steers and 54 percent of the offering
was over 600 pounds. Medium and Large 1
feeder steers 773 to 798 pounds brought $135 to $139 and feeder steers 853
pounds brought $135. Medium and Large 1
feeder heifers 475 to 496 pounds brought $136 to $141.50 and feeder heifers 712
to 733 pounds brought $123 to $129.
Cash hogs opened lower to sharply lower with moderate negotiated purchase numbers.
Continue reading Midday cash livestock markets at Brownfield Ag News.
