Cash livestock market at noon
The day after yesterday’s Southern business, cash cattle trading got off to a quiet start at almost $ 140, about $ 4 higher than last week’s weighted average. The northern clothing trade ranged from $ 220 to $ 224, primarily $ 222, four dollars higher than last week’s weighted average in Nebraska. Interspersed transactions are expected to close the week this afternoon. The price of cows left on the showlist is about $ 140 in the south and $ 222 in the north. Boxed beef is expected to be low by the end of the day with light to medium box movements.
Boxed beef will be low at noon. Choices are down $ 1.60 at $ 279.86 and choices are down $ .45 at $ 276.02. The selection / selection spread is $ 3.84.
At the Ogallala Livestock Auction in Nebraska, steers under £ 600 were sold primarily $ 1 to $ 4 lower and cows over £ 600 were sold primarily $ 5 to $ 10 higher than last week. Heifers under £ 600 were sold unevenly from $ 3 lower to $ 3 higher, and heifers over $ 600 were mainly sold $ 7 to $ 10 higher. USDA says the demand was good. Receipts have dropped significantly since the last test and this year. The feeder supply included 54% steers and 77% of the offerings were over £ 600. Medium and large 1 feeder steers weighing 600 to 643 resulted in $ 182.50 to $ 196.75, and steers from 752 to 794 pounds resulted in $ 166.50 $ 176.50. Medium and large 1-feeder heifers weighing 656 to 687 yielded $ 156 to $ 169.50, and heifers weighing 764 to 787 yielded $ 146 to $ 154.75.
For lightly negotiated purchases, the cash hog at noon will be lower. Processors are moving the desired number with few problems, but extreme winter weather in some areas has led to more aggressive purchases. Demand for US pork in the global market is strong and is expected to continue. However, there are concerns about long-term demand that is squeezing prices. National Daily Direct’s Barrows and Gilts are $ 2.72 lower, with a base range of $ 77 to $ 87 and a weighted average of $ 84.44. The local direct market was not reported at noon due to confidentiality.
Pig carcass values are high at noon, rising $ 2.44 at $ 99.65. The belly, picnic, ribs, and buttocks are rising sharply. The waist meat is low. Ham is dropping sharply.
Noon Cash Livestock Market-Brownfield Ag News
https://brownfieldagnews.com/market-news/midday-cash-livestock-markets-1732/ Noon Cash Livestock Market-Brownfield Ag News