Market News

Midday cash livestock markets

A few scattered bids were reported on the cattle In Nebraska on Thursday following a light to moderate trade there on Wednesday. Dressed deals in the North ranged from 238.00 to 240.00. Kansas live sales ranged from 150.00 to 151.00. Texas cattle traded from 148.00 to 150.00. While it sounds like business is essentially done in the South, it is possible the North will need to see a little more action. Asking prices are around 152.00 to 153.00 live and 242.00 plus dressed.

Choice boxed beef was sharply lower in the morning report, down 2.02 at 250.27, select was .84 lower at 248.42.

Feeder cattle receipts at the Huss Platte valley Auction, Kearney, Nebraska totaled 2465 head on Wednesday. Compared to two weeks ago, 850 to 925 pound steers sold 5.00 higher and heifers over 800 pounds were 2.00 to 5.00 higher. Demand was good from start to finish. Some yearling offerings came off of summer pasture with others out of back grounding lots. Feeder steers medium and large 1 averaging 921 pounds traded at 216.30 per hundredweight. 926 pound heifers averaged 199.14.

Barrows and gilts in the Iowa/Minnesota direct trade were.71 lower, the West is down .67 with both at 73.82 weighted average on a carcass basis, nationally the hog market is .98 lower at 72.23. Missouri direct base carcass meat price is steady from 69.00 to 70.00. Midwest hogs on a live basis are lightly tested with several interests out of the market ahead of the holiday. Prices are fully steady from 46.00 to 50.00.

The pork carcass cutout value is .99 lower at 80.48 FOB plant.

For the week ending June 27, Iowa barrows and gilts averaged 278.6 pounds, 0.8 pounds lighter than the previous week and 6.4 pounds smaller than 2014.