Market News

Midday cash livestock markets

So far on Thursday there are just a few bids on cattle in Nebraska at 122.00 live and 200.00 dressed. Asking prices are around 128.00 to 130.00 in the South and 205.00 plus in the North. The determination of feedlot operators to pass lower packer bids in the face of board premiums and struggling beef cutouts seems to speak highly of country confidence and the ongoing reality of tight fed supplies.

Boxed beef cutout values are mixed in the morning report. Choice beef 208.65, down 1.06, select 201.11, up .60.

Schuyler Livestock Auction at Rushville, Illinois had receipts of 401 cattle this week. Compared to last week, slaughter steers and heifers sold 1.50 to 5.00 lower, with many of them under-finished for a higher price spread. Slaughter cows and bulls were 1.00 lower. Slaughter steers choice 2-4 ranged from 120.50 to 131.50. Slaughter heifers’ choice 2-4 from 113.50 to 128.50.

Feeder cattle receipts at the Green City, Missouri Livestock Auction totaled 3574 head on Wednesday. Compared to three week ago, steers sold 3.00 to 6.00 higher, and heifers 2.00 to 4.00 higher. Slaughter cows 3.00 to 5.00 higher. It was a very active market right from the start with all market participants ready to get back to business after a three week break. The supply was heavy with good demand. A rollover calf auction was held mid-sale with all proceeds used to purchase fencing supplies for wildfire victims. Feeder steers medium and large 1 averaging 615 pounds brought 155.35 per hundredweight. 622 pound heifers brought 138.95.

Sheep receipts at Kalona, Iowa on Wednesday totaled 828 head. Compared to the previous week slaughter lambs were mostly steady, slaughter ewes 2.00 to 4.00 higher. The trade was active with very good demand. Slaughter lambs wooled choice and prime 2-3 weighing 94 pounds averaged 210.96 per hundredweight. Goat receipts totaled 482 head. Trade was active with very good demand. Slaughter kids selection 1 averaging 70 pounds brought 182.50 per head. Feeder kids’ selection 1 weighing 35 pounds averaged 102.96 per head.

Barrows and gilts in the Iowa/Minnesota and Western direct trade are not reported due to confidentiality. Nationally the hog market is down 1.33 at 58.51 weighted average on a carcass basis. Missouri direct base carcass meat price is steady to 3.00 lower from 51.00 to 55.00. Midwest hogs on a live basis are steady to 3.00 lower from 38.00 to 41.00.

The pork carcass cutout value 75.84, up .97 FOB plant. Bellies are 4.31 higher.

For the week ending April 1, Iowa barrows and gilts averaged 283.3 pounds, .9 pounds heavier than the prior week, and .9 pounds lighter than 2016.

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