Market News

Midday cash livestock markets

A few cattle sales are being reported by USDA Mandatory in parts of Kansas at 125.00, $5.00 to 7.00 lower than last week. Following another round of light trade that was reported in Nebraska yesterday with a wide range of 190.00 to 195.00. Asking prices today are around 128.00 to 132.00 in the South, and 200.00 to 205.00 in the North.

Boxed beef cutout values are mixed with the choice up .51 at 224.08, and select down .98 at 204.10.

Feeder cattle receipts at the Springfield, Missouri Livestock Marketing Center totaled 1616 head on Wednesday. Compared to the previous week, steers sold 3.00 to 8.00 lower with heifers 6.00 to 8.00 lower, spots up to 12.00 lower. Feeder steers medium and large 1 averaging 614 pounds brought 159.06 per hundredweight. 521 pound heifers averaged 141.38.

Sheep rece3ipts at the Kalona, Iowa auction totaled 613 head on Wednesday. Compared to the sale two weeks ago, slaughter lambs with the bulk of the offering under 100 pounds were 5.00 to 15.00 lower. There were no feeder lambs two weeks ago for a market comparison. Trade was active with good demand. Slaughter lambs wooled choice and prime 2-3 weighing 75 pounds brought 160.53 per hundredweight. Feeder lambs weighing 57 pounds traded at 203.49 per hundredweight.

Barrows and gilts in the Iowa/Minnesota direct trade are not reported due to confidentiality. The five day rolling average is 72.31. Western trade is also not reported and the rolling average is 74.65. Nationally the hog market is 1.13 lower at 72.31. Missouri direct base carcass meat price is steady from 64.00 to 68.00. Midwest hogs on a live basis are lightly tested, steady from 47.00 to 50.00.

The pork carcass cutout value is down 2.06 at 82.97 FOB plant. All primal cuts are lower with ribs and loins both over $4.00 lower.

For the week ending May 21, Iowa barrows and gilts averaged 289.2 pounds, .4 pounds lighter than the previous week, and 2.5 pounds heavier than 2015. The seasonal trend toward lighter weights should persist for another 30 to 45 days.