Noon Cash Livestock Markets
The cash cattle market saw no renewed supply. There may be a cleanup trade that develops throughout the day, but it is expected that there will not be much interest from packers. During the week, northern cattle traded at $245 dressed, which is $3 higher than last week’s weighted average. Southern cattle traded between $154 and $155, which is about $4 higher than last week’s weighted average. The USDA says beef export sales fell below 13,000 tonnes, slightly lower than the previous week, with South Korea and China buying about two-thirds of the week’s total. Sales for delivery next year were 4,000 tons, mostly in South Korea and Taiwan.
Boxed beef is mixed with Choice up $0.61 at $251.95 and Select up $2.60 at $253.93. The pick/pick margin is $16.02.
At the Tri-State Livestock Auction in McCook, Nebraska, steers and heifers sold $3-$5 higher than last week at comparable bids. USDA says demand has been good. Earnings are up weekly and year-over-year. 50 percent of the offering was feeder steers and 23 percent of the feeder cattle offering was over 600 pounds. Medium and large 1 Feeder 527 to 539 pound steers made $205 to $223 with an average price of $213.26 and feeder meats weighing 658 to 667 pounds made $171 up to $180.50 with an average price of $177.76. Medium and large 1 Feeder heifers 543 dams made $174 and feeder heifers 898 pounds made $172.
Cash hogs opened below. Most of the week’s business was done before the Thanksgiving holiday earlier this week. Processors did not have to work hard to meet their acquisition efforts. U.S. pork demand remains strong despite concerns about a slowing global economy.
Barrows and gilts at National Daily Direct opened $0.11 lower, with a core range of $81 to $87.50, with a weighted average price of $81.95. Regional markets did not report for confidentiality reasons. Pork export sales of 45,800 tonnes rose sharply this week, mainly to Mexico and Japan. Sales of 4,400 tonnes for delivery in 2023 were mainly in Canada. In Illinois, cull sows…
Butcher hog sales were closed in Wisconsin and Iowa this week.
Pork Values opened $1.82 lower at $87.54. The picnics and bellies are much lower, with lower ribs. Loins, buttocks and hams all above.
https://brownfieldagnews.com/market-news/midday-cash-livestock-markets-1924/ Noon Cash Livestock Markets – Brownfield Ag News