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Noon Cash Livestock Markets – Brownfield Ag News

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Noon Cash Livestock Markets

It’s a quiet Friday for direct cash cattle business after Thursday’s active day. For the week, Northern Dressed bids were marked nearly $228, $1 higher than last week’s Nebraska weighted average. Southern live bids were mostly $143, $1 higher than the previous week’s weighted averages. Asking prices for what’s left on the show listings are about $145 live in the South and $230 dressed in the North. There could be some scattered cleanup trades to take place today, but most of the week’s business is likely to be over.

Boxed beef is mixed at lunch with a light request for light offerings. Choice is down $0.11 at $248.29 and Select is down $1.52 at $220.59. The pick/pick margin is $27.70.

At the Mitchell Livestock Market in South Dakota, a higher shade was seen in steers and heifers compared to last week. Heifers 900 to 950 pounds were $2 higher. USDA says demand has been good. Receipts are up on the week and down on the year. The feeder supply included 29% steers and 82% of the offering was over 600 pounds. Medium and large 1 feeder bucks of 509 to 538 pounds brought $205.50 to $223, and those of 937 pounds brought $174.50. Medium and large feeder heifers 1 653 to 698 pounds made $176 to $184 and feeder heifers 900 to 932 pounds $162.60 to $172.

The number of cash hogs is much lower at noon with fairly easy negotiated purchases. Processors are simply not interested in moving large numbers at this time. There are probably several factors. One of these is the long-term demand concern. While demand has remained strong, there are concerns that it could falter, especially as concerns grow about slowing global economies. The industry is eagerly awaiting next week’s USDA Quarterly Hog and Hog Report for a better indication of the supply situation in the hog sector. Barrows and gilts at National Daily Direct are $7.71 lower with a base range of $84 to $105 and a weighted average of $86.21; Iowa/Minnesota and the Western Corn Belt are $4.67 lower, with a weighted average of $96.67. Eastern Corn Belt prices were not reported due to confidentiality.

Midwest cash market butcher hog prices are steady at $66. In Illinois, cull sow prices were steady with light to moderate demand for light to moderate offerings at $58 to $70. Barrows and gilts were $1 lower with moderate demand for moderate offers at $60 or $69. Boars ranged from $39 to $41 and $9 to $19.

Pork values ​​are much lower, down $2.30 to $101.58. Belies is down nearly $16 to play the day. Fillets, picnics and ribs are also smaller. Buds and hams are taller.



https://brownfieldagnews.com/market-news/midday-cash-livestock-markets-1885/ Noon Cash Livestock Markets – Brownfield Ag News

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