Cattle Markets at Noon – Brownfield Ag News

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Cattle markets at noon

It’s a quiet Friday for direct cash cattle trading. Deal for the week is probably closed. Before the end of the day, however, a small clean-up trade could take place. Asking prices for what’s left on the show listings are around $142 live in the South and $234 dressed in the North. This week’s deals have been tagged at $232 in the North, which is the weighted average for last week in Nebraska. Southern live deals were mostly at $140 with a few at $141, in line with last week’s trading.

Boxed beef is mixed for light offerings at lunchtime with light to moderate demand. Choice is down $0.48 at $254.70 and Select is up $0.62 at $246.43. The choice/select spread is $8.27.

Steers up to 900 pounds were unevenly stable at the Mitchell Livestock Auction in South Dakota compared to last week. Steers 900 to 1000 pounds were $4 to $8 higher. Steers from 1000 to 1150 pounds were $6 to $12 higher. Heifers up to 850 pounds were unevenly stable, heifers from 850 to 1000 pounds were $3 to 4 higher. The USDA says demand has been good, with many lots on the day’s supply. Earnings were down on the week and up year-on-year. The feed supply was 65% heifers and 94% of the supply was over 600 pounds. Medium and large 1 feeder bulls 950 to 999 pounds fetched $142.75 to $152.25. Medium and Large 1 feeder heifers from 856 to 898 pounds fetched $136.50 to $142.25 and feeder heifers from 900 to 949 pounds fetched $135.25 to $143.

Cash hogs are lower midday on relatively light negotiated purchases. There are concerns that demand for US pork in the world market could slack, pushing down prices. Converters have been able to move their desired numbers without having to become aggressive in their sourcing efforts. All eyes remain on the availability of market-ready pigs. Barrows and gilts on National Daily Direct are $1.13 down with a base range of $100 to $110 and a weighted average of $100.45. Prices on the regional direct markets were not disclosed for reasons of confidentiality.

Butcher hog prices in the Midwest cash markets are steady at $60 and $68. In Illinois, slaughter sow prices remained stable at $72-$84 with light to moderate demand for light to moderate supply. Barrows and Gilts prices held steady at $65-$74 with light to moderate demand for light to moderate supply. Boars ranged from $40 to $45 and $20 to $25.

Pork prices are weak at midday – falling $0.08 to $106.19. Bellies are significantly lower. Ribs are lower. Loins are about stable. Picnics, butts and hams are higher to significantly higher. Cattle Markets at Noon – Brownfield Ag News

Callan Tansill

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