Market News

Midday cash livestock markets

Slaughter cattle traded mostly steady last week with limited trade on a dressed basis in Nebraska also steady. Demand was good from both sides of the fence. Cattle feeders are finally in the black and continue to pull cattle on a timely basis if not early, according to USDA Mandatory. Demand for beef remains strong. Encouraging packers to buy. Warmer than normal weather has to help by sending some outside to grill. In the Midwest direct markets live basis steers and heifers traded at 120.00, dressed at 190.00. In the South 119.00 to 120.00. Negotiated trade through Friday afternoon totaled about 52,100 head.

Boxed beef cutout values are higher in the Monday morning report. Choice up .63 at 191.12, and select 190.38, up 1.09.

Feeder cattle receipts at the Joplin Missouri Regional Stockyards on Monday totaled 5,000 head. Compared to last week, steers and heifers opened unevenly steady. The supply and demand was moderate, and best for grazing cattle. Feeder steers medium and large 1 weighing 550 to 600 pounds brought 149.00 to 156.00 per hundredweight. 550 to 600 pound heifers traded from 132.00 to 136.00.

The national weekly feeder and stocker cattle summary from USDA reported 318,000 cattle went through direct trade, auctions and video/internet this past week. Steer and heifer calves sold steady to 5.00 higher. Feeder steers and heifers traded mostly steady to 5.00 lower, with some instances of 1.00 to 2.00 higher on six to seven weights. Southeastern calves traded steady to 3.00 higher and feeder cattle were steady to 3.00 lower. The demand remains very good for lightweight calve and moderate to good for feeders. The spring like weather is creating a lot of interest for grass calves, with buyers continuing to be very aggressive for long time weaned calve suitable for summer grazing programs as their availability is declining.

The Fruitland, Missouri Livestock Auction had had receipts of 172 sheep for the monthly sale on Friday. Feeder lambs were 10.00 higher, slaughter lambs traded 12.00 higher. Slaughter kids were 40.00 lower, feeder kids were 2.00 lower, and yearlings were scarce. Demand was uneven on a light supply. Slaughter lambs choice 1-2 weighing 95 to 105 pounds brought 155.00 to 160.00 per hundredweight. Feeder lambs medium and large 1-2 a few weighing 30 to 42 pounds brought 240.00 to 245.00. There were 180 goats in the sale. Kid goats’ selection 1 weighing 45 to 67 pounds brought 250.00 to 285.00 per hundredweight. Stocker and feeder kids selection 1-2 weighing 35.00 45 pounds traded from 212.50 to 238.00 per hundredweight.

In Nebraska last week alfalfa and grass hay, dehydrated alfalfa pellets and ground and delivered hay sold mostly steady. Demand is starting to pick up for alfalfa and grass hay and other baled forages. With some of the hay going to out of state feed lots and ranches in Wyoming, South Dakota and Montana where there is limited hay supplies. Eastern and Central Nebraska alfalfa in good large square bales brought 130.00 to 160.00 per ton. Platte Valley of Nebraska good round bales of alfalfa brought 60.00 to 70.00 per ton.

The pork carcass cutout value was up .85 at 86.50 FOB plant.

Barrows and gilts in the Iowa/Minnesota direct trade are up .57, the West is .61 higher, with both at 74.68 weighted average on a carcass basis. Nationally the market is .76 higher at 74.51. Some markets not available due to the Presidents Day Holiday.

 

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