Market Information
Noon money livestock markets
A lightweight spherical of direct money cattle enterprise is underway. Offers within the South are starting from $242 to $245, which is $3 to $6 larger than the earlier week’s weighted averages. Just a few dressed bids in Nebraska have surfaced at $378, however these are being handed. Asking costs are agency at $382 to $385 within the North and $243-plus dwell within the South. Search for enterprise to choose up because the day progresses.
On the Ogallala Livestock Public sale in Nebraska, steers weighing lower than 700 kilos had been $10 to $15 larger. Steers weighing greater than 700 kilos had been $3 to $10 larger. Heifers had been erratically regular with some lessons weighing greater than 650 kilos, that might go as replacements, promoting for practically $10 larger. The USDA says demand was reasonable to good, and a few cases of superb. Receipts had been down on the week, however up on the yr. Feeder provide included 59 % steers with 54 % of the providing weighing greater than 600 kilos. Medium and Massive 1 feeder steers 653 to 690 kilos introduced $429 to $447 and feeder steers 709 to 735 kilos introduced $390 to $408.50. Medium and Massive 1 feeder heifers 651 to 695 kilos introduced $384 to $406 and feeder heifers 712 to 747 kilos introduced $361 to $373.
Boxed beef was sharply larger at noon with stable demand for mild choices. Alternative was $2.66 larger at $369.91 and Choose was $3.48 larger at $363.85. The Alternative/Choose unfold was $6.06.
Money hog costs had no comparability with mild negotiated purchases. Demand stays an enormous query for the business proper now. There have been some vibrant spots, however total, there continues to be long-term considerations. Provides of market-ready hogs are ample, and hog weights have been operating well-above year-ago ranges. Processors have leverage and are in a position to transfer wanted numbers with out having to constantly bid up and push costs larger. Barrows and Gilts on the Nationwide Day by day Direct had a base vary of $84 to $86 and a weighted common of $85.07 and there was no comparability on the Western Corn Belt however a weighted common of $85.35. Costs on the Iowa/Minnesota and the Jap Corn Belt weren’t reported on account of confidentiality.
Butcher hog costs on the Midwest money markets are $6 larger at $66.
Pork values had been decrease at noon, down $.76 at $94.51. Butts dropped greater than $9 and picnics had been additionally sharply decrease. Loins had been down, whereas ribs, hams, and bellies had been all larger.
