Market News

Midday cash livestock markets

The main item of business in cattle country on Monday is the collection of the new showlists. A light to moderate cattle trade developed late on Friday afternoon with most sales in both the North and South generally steady with the previous week. Live trade in Kansas and Texas was 105.00 per hundredweight, dressed business in Nebraska was 162.00 to 163.00.

Boxed beef cutout values are mixed in the morning report. Choice beef 184.21, down .41, select 169.28, up 1.57

Joplin, Missouri Regional Stockyards had receipts of 4,500 cattle on Monday. Compared to last week, steer and heifer calves are steady to 2.00 higher, except 450 to 550 pound steers 2.00 to 4.00 higher, yearlings are not tested early. Demand moderate to good on a moderate supply. Feeder steers 550 to 600 pounds 129.00 to 141.00 per hundredweight. 550 to 6 weight heifers brought 111.00 to 122.00. Replacement heifers 121.00 to 129.00.

The Lexington Livestock Market at Lexington, Nebraska had receipts of 2500 cattle o Friday. Compared to last week, steer calves sold steady to 6.00 higher while their heifer mates sold mostly steady with instances of 3.00 higher. Demand was very good from the buyers in the crowd. Around 800 head of slaughter cows and bulls sold in the mix. Feeder steers medium and large 1 averaging 578 pounds averaged 139.01 Feeder heifers medium and large 1 traded at 122.98.

Barrows and gilts in the Iowa/Minnesota direct trade are .12 higher, the West is up .02 with both at 41.27 weighted average on a carcass basis. Nationally the hog market is .33 lower at 40.85. Missouri direct base carcass meat price is steady from 36.00 to 37.00. Midwest hogs on a live basis are steady from 22.00 to 30.00.

The pork carcass cutout value is 1.58 higher at 75.68 FOB plant. Hams and bellies ae significantly higher.

Seasonal support in the hogs is expected to develop during the next six weeks. Even though turkey continues to be the main course on many holiday tables, ham will remain very supportive given the price levels and availability to the market. This is expected to help drive demand for pork products through the holiday season.