Market News

Friday midday cash livestock markets

USDA Mandatory is reporting a moderate to active cattle trade on very good demand in Kansas on Friday. Live sales are trending 9.00 higher than last week with sales ranging from 164.00 to 165.00. Trading is light in Nebraska on very good demand. Live sales are steady to 3.00 higher than Thursday’s sales at 165.00. In Colorado live sales are 1.00 higher than Thursday’s trades at 166.00. Prices in all regions this week have shattered the record established a few weeks ago.

Boxed beef prices were significantly higher in the morning report with the choice up 1.74 at 257.30, and select up 1.80 at 254.68.

Feeder cattle receipts at Missouri auctions this week totaled 17,342 head. Compared to last week, feeders sold steady to 5.00 higher, with several mid-weight calves fully 10.00 higher. Markets started the week very mixed and few local auctions quoted sharply lower prices, others wasted no time in starting the week’s price rally with several posting instances of 10.00 to 15.00 higher. The supply was light to moderate and demand was good to very good. Feeder steers medium and large 1 averaging 619 pounds averaged 243.28 per hundredweight. 624 pound heifers brought 223.69.

Barrows and gilts in the Iowa/Minnesota direct trade are 2.80 lower at 123.48 weighted average on a carcass basis, the West is down 2.33 at 123.61, and in the East the market is 1.23 lower at 122.29. Missouri direct base carcass meat price is steady from 116.00 to 122.00. Barrows and gilts at Midwest markets are fully steady on a live basis from 88.00 to 96.00.

The pork carcass cutout value is 1.56 higher FOB plant at 132.87.

Iowa’s cash hog trade actually bounced some higher yesterday with the dressed weighted average closing $1.18 higher. If the cash index can start to stabilize, shorts would be quickly motivated to cover the deep discounts of nearby lean futures.