Feeder cows are mainly low corn and higher
On the Chicago Mercantile Exchange, raw cattle fell most and adjusted spreads. Feeder cows were mostly higher the less corn movement that day.
It was almost a quiet Friday for direct cash cow trading activities. In that week’s trading, scattered trading was reported to be completely stable. Live trading in the South this week ranged from $ 137 to nearly $ 140 and was stable with last week’s business. Dressed transactions ranged from $ 225 to almost $ 230, below the weighted average base of the previous week in Nebraska.
At the Kansas Winter Livestock Auction, £ 600 to £ 850 feeder steer was $ 2 to $ 5 higher than last week. Stairs 850 to 1050 pounds were $ 6 to $ 8 lower. Feeder heifers between £ 600 and £ 950 were $ 9 to $ 12 higher, with the highest demand for heifers over £ 850. USDA says the demand was good. The feeder supply included 31% steers and 96% of the offerings were over £ 600. Medium and large 1 feeder steers ranged from £ 800 to £ 847 for $ 152.50 to $ 157.25 and feeder steers from £ 905 to £ 938 to $ 136 to $ 143. Medium and large 1-feeder heifers 808-849 pounds were $ 141-144.25, and feeder heifers 851-874 pounds were $ 137-142.10.
In Nebraska, alfalfa hay sold stable, $ 5 higher than last week, but grass hay was stable in a weak test. The ground and delivered hay was perfectly stable. USDA says the demand was good. Recent rains have helped grass production. Alfalfa, a good large round brought $ 170. Alfalfa, the ground brought $ 205. In the east, 15% alfalfa pellets brought $ 310 and 17% dehydrated pellets brought $ 340. In the Pratt Valley region, ground alfalfa brought $ 200. 17% dehydrated pellets went from $ 285 to $ 305. In the west, alfalfa, the best big square, brought $ 230. Alfalfa, a good big square brought $ 200- $ 230. Alfalfa on the ground brought in $ 225.
Boxed beef was mixed and closed with a fairly light demand for light products. Choice ended at $ 258.62, $ 1.75 higher, and Select ended at $ 243.90, $ .46 lower. The selection / selection spread is $ 15.05. The estimated slaughter of cattle is 120,000, a decrease of 1,000 per week and an increase of 4,000 per year. The estimated number of killings on Saturday was 42,000, a decrease of 7,000 a week and 21,000 a year.
Pork lean futures closed at near highs in spread trading.
Cashhog plummeted with a negotiated light run. Demand for US pork in the global market faces uncertainty, which puts pressure on prices. Processors are running the desired number and much lower price. The industry continues to monitor the availability of pigs for the market. Barrow and Gilt of National Daily Direct closed at $ 4.89, closing at $ 98- $ 108 and a weighted average of $ 101.47, while Western Corn Belt closed at $ 9.40 with a weighted average of $ 103.35. Prices for Iowa / Minnesota and Eastern Corn Belt have not been reported for confidentiality reasons.
Early weaning pigs were $ 3 lower and feeder pigs $ 12.50 lower than last week, according to the USDA’s weekly National Direct Feeding Pig Report. Demand for medium to heavy products was mild to moderate. Trade activity was slow to moderate. The receipt contains a 44% formulated price. The total composite cash range ranged from $ 21 to $ 57 with a weighted average of $ 43.73. The formula range for Total Composite ranged from $ 35.01 to $ 51.45, with a weighted average of $ 42.91. The weighted average for all early weaning pigs was $ 43.32 and the weighted average for all feeder pigs was $ 80.23.
Butcher pig prices in the Midwestern cash market were stable at $ 70. In Illinois, prices for slaughtered sows were stable and demand for medium-sized products of $ 69 to $ 80 was modest. Barrows and gold leaf were stable and there was mild to moderate demand for light to moderate products of $ 65 to $ 74. Wild boars ranged from $ 40 to $ 50 and $ 5 to $ 15.
The value of pork has increased, rising $ 2.57 at $ 101.17. The belly was sharply high. The hips, ham and ribs were higher. The picnic and hips were low. The estimated number of pig slaughtered was 438,000, a decrease of 6,000 per week and 24,000 per year. The estimated number of killings on Saturday was 48,000, an increase of 37,000 a week. The pig slaughter on Thursday was revised to 472,000.
Feeder cows are mainly low corn and higher
https://brownfieldagnews.com/market-news/feeder-cattle-mostly-higher-on-lower-corn/ Feeder cows are mainly low corn and higher