Noon Cash Livestock Markets – Brownfield Ag News

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Noon Cash Livestock Markets

The direct cash cattle trade typically got off to a quiet start with both buyers and sellers busy taking inventory. Offers and asking prices have not yet appeared. With the holiday shortened week, it is likely that significant trading could develop much earlier than normal. Most of last week’s business took place on Wednesday and Thursday, with a small clean-up shift on Friday. Live deals were mostly $150 to $151, consistently $1 higher than the previous week’s business. Full bids were mostly $242, flat with the previous week’s weighted average in Nebraska.

Boxed beef was mixed at noon to light to moderate demand for light offerings. Choice is down $0.25 at $254.62 and Select is up $1.14 at $233.97. Pick/pick margin is $20.65.

In Missouri last week, feeders were uneven, from $2 lower to $2 higher. The supply of feeders was moderate, but there were a few larger lots. The quality did not match previous weeks. Feeder supply included 53% steers and 47% of the offering was over 600 pounds. Medium and large 1 feeder bucks 550 to 599 pounds made $173 to $210 and those 702 to 744 pounds made $164 to $188.25. Medium and Large 1 feeder heifers 501 to 549 pounds made $150 to $197 and feeder heifers 650 to 698 pounds made $141 to $185.

Cash hogs are mixed at lunch with moderate negotiated purchases. The industry has been in a pattern for a few days with lighter business at lower prices and a few days with high volumes and much higher prices. This model may be removed this week due to the Thursday holiday. The industry is monitoring the availability of ready-to-market pigs and the demand situation. There are fears that a global economic slowdown could reduce demand and pressure prices. Barrows and gilts at National Daily Direct are $0.01 lower with a base range of $80 to $90 with a weighted average of $81.75; Iowa/Minnesota is $0.81 higher with a weighted average of $86.38; Western Corn Belt is $0.39 higher with a weighted average of $85.96. Eastern Corn Belt prices were not reported due to confidentiality.

Midwest butcher markets are closed this week. In Illinois, cull sow prices were $2 lower with light demand for light offerings from $52 to $64. Barrows and gilts were steady with moderate demand for moderate offers at $58 to $68. Boars ranged from $30 to $35 and $9 to $19.

Pork values ​​are higher at noon – up $0.56 to $94. Loins, hams and buttocks are higher. Ribs, picnics and belly were lower.