Market News

Tuesday midday cash livestock markets

The new cattle showlists distributed on Monday looked to be mixed, some larger in the North and moderately smaller in the South. Overall the ready numbers seem about as tight and price positive as they have been through the first half of summer. The country is quiet with bids and asking prices not fully established. A few showlists have been suggested to be priced around 158.00 to 160.00 in the South, and 250.00 plus in the North.

Boxed beef cutout values ae sharply higher in the morning report. Choice boxed beef is up 3.07 at 253.59, and select is 2.10 higher at 246.18.

Feeder cattle receipts at the Oklahoma National Stockyards on Monday totaled 5700 head. Steer and heifer calves were weak in a light test. The demand was good for most all classes. Quality was typical of the summer and plain and average. Feeder steer calves medium and large 1 weighing 550 to 600 pounds ranged from 241.00 to 250.00. 650 to 700 pound yearlings brought 223.00 to 234.00. 500 to 575 pound heifer calves traded from 226.00 to 235.00. 650 to 700 pound yearling heifers’ brought209.00 to 216.00.

Barrows and gilts in the Iowa/Minnesota, Western and Eastern direct trade ae not established due to confidentiality. Nationally the market is 1.03 lower with a weighted average of 126.01 on a carcass basis. Missouri direct base carcass meat price is steady from 119.00 to 122.00. Midwest barrows and gilts are fully steady on a live basis from 89.00 to 96.00.

The pork carcass cutout value is .01 higher at 135.00.

While the belly primal calculated sharply lower yesterday in light volume, the speed bump looks temporary with good seasonal strength expected to continue for another two to three weeks. Furthermore, sources in the ham trade continued to be impressed with the potential for third-quarter ham demand.