Cattle Markets at Noon – Brownfield Ag News

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Cattle markets at noon

There is a very light, scattered direct cash cattle trade that has been reported. Live deals in the South are $139, up $1 from last week’s weighted average. There are some bids that have popped up in cattle country around $223. Asking prices are over $140 live in the South while the North is yet to be established. Look for packer requests to improve throughout the day.

Boxed beef was higher at midday as demand for moderate offerings was strong. Choice is up $0.75 at $272.86 and Select is up $1.25 at $261.54. The choice/select spread is $11.32.

At the Joplin Regional Stockyards in Missouri, feeder steers under 575 pounds were down $9-$14 compared to last week, while heavier weights were consistently down $3. Feeder heifers under 600 pounds were $4 to $7 lower, while heavier weights were consistently $3 higher. The USDA says supply was moderate to heavy with good demand. Earnings were up for the week and year. The feed supply consisted of 53% steers and 41% of the supply weighed over 600 pounds. Medium and large 1 feeder steers 500-549 pounds fetched $185-205 and feeder steers 601-649 lb fetched $172-185. Medium and Large 1 feeder heifers from 500 to 547 pounds fetched $158 to $166, and feeder steers 604 to 646 pounds fetched $153 to $164.

Cash hog prices were unreported at midday, with fairly light buys negotiated. Global and domestic demand for US pork has been strong and this has helped to support prices. However, there are long-term demand concerns that are increasing price pressure. Processors have recently been moving their desired numbers without having to become aggressive and bidding in their sourcing efforts. The industry continues to monitor the availability of market-ready pigs. The five-day moving average on the National Daily Direct is $98.74.

Butcher hog prices in Midwest cash markets were steady at $80. In Illinois, slaughter sow prices have remained stable with moderate demand for medium to heavy offerings of $80-$92. Wheelbarrows and gilts held steady at $60-$69 on moderate demand for moderate supply. Boars ranged from $42 to $47 and $20 to $25.

Pork prices are lower mid-day – down $0.76 to $105.88. bellies were significantly lower. Loins and buttocks were lower. Picnics, ribs and ham were higher to significantly higher. Cattle Markets at Noon – Brownfield Ag News

Jaclyn Diaz

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