Market News

Thursday midday cash livestock markets

There is not a lot of movement in the cash cattle trade on Thursday with just a few token bids renewed in the South at 142.00. One regional buyer in Nebraska has bid as high as 236.00 on a selective basis. Asking prices remain firm on the live basis at 147.00 to 148.00 and 238.00 plus dressed. It is possible significant feedlot trade volume may not surface until after the release of the monthly cattle on feed report at 2:00 p.m. Central Daylight time Friday.

Boxed beef cutout values are higher in the morning report. Choice boxed beef is up 1.42 at 116.53, and select is 1.57 higher at 222.24.

Feeder cattle receipts at the Huss Platte Valley Auction in Nebraska totaled 3870 head on Wednesday. Compared to two weeks ago, steers weighing less than 850 pounds sold 2.00 to 5.00 lower, over 850 traded steady in a light test. Heifers under 600 pounds were unevenly steady, over 600 pounds sold 2.00 to 5.00 lower. Demand was moderate to good on calves and feeders. 675 pound feeder steers averaged 194.23 per hundredweight. Heifers averaging 682 pounds brought 174.95.

Barrows and gilts in the Iowa/Minnesota and Western direct trade are not reported due to confidentiality. Nationally the hog market is 4.84 lower with a weighted average of 110.49 on a carcass basis. The East is 4.49 lower at 109.26. Missouri direct base carcass meat price is steady from 105.00 to 107.00. Barrows and gilts on a live basis at Midwest markets are steady from 78.00 to 90.00.

The pork carcass cutout value FOB plant is .88 lower at 116.53.

Iowa barrows and gilts jumped to 286.4 pounds last week, 0.7 pounds bigger than the prior week and 9.3 pounds heavier than 2013.