Market Information
Noon money livestock markets
Direct money cattle commerce exercise is off to a sometimes quiet begin to the week. Patrons and sellers are busy taking stock and making ready for the week forward. Bids and asking costs have but to floor. Vital commerce quantity will seemingly be delayed till the tip of the week. Dressed offers within the North final week ranged from $360 to $370, largely $365, $5 larger than the prior week’s weighted averages. There was very gentle enterprise within the South final week, Reside offers have been at largely $232, $1 larger than the earlier week’s weighted averages.
In Nebraska final week, light-weight steers bought $40 larger. Steers 500 to 800 kilos have been $15 to $20 larger and steers weighing greater than 800 kilos have been regular to $6 larger. Light-weight heifers have been $35 larger. Heifers 500 kilos have been $20 larger. Heifers 600 to 800 kilos have been $10 to $15 larger. The USDA says demand was good to excellent. The heavy provide didn’t sluggish patrons who have been choosing up cattle for winter grazing. Receipts have been up on the yr. Feeder provide included 64 p.c steers with 72 p.c of the providing weighing greater than 600 kilos. Medium and Massive 1 feeder steers 600 to 647 kilos introduced $417 to $480 and feeder steers 650 to 698 kilos introduced $391 to $452. Medium and Massive 1 feeder heifers 600 to 646 kilos introduced $378 to $426 and feeder heifers 700 to 747 kilos introduced $341 to $415.
Boxed beef was larger and sharply larger at noon with strong demand for gentle choices. Alternative was $1.64 larger at $357.27 and Choose was $3.17 larger at $355.34. The Alternative/Choose unfold was $1.93.
Money hog costs weren’t reported at noon resulting from confidentiality. Processors haven’t had a lot curiosity in negotiated enterprise, costs and motion have mirrored that as they haven’t been very aggressive of their procurement efforts. Slaughter tempo stays robust and there are many market-ready hogs accessible, and hog weights have been operating properly above year-ago ranges. The business additionally continues to watch the general demand image. The five-day rolling common for barrows and gilts on the Nationwide Day by day Direct is $68.56.
Butcher hog costs on the Midwest money markets have been $5 decrease at $42. At Illinois, slaughter sow costs have been $2 decrease with average demand for average choices at $36 to $48. Barrows and gilts have been regular with average demand for average choices at $40 to $48. Boars ranged from $18 to $25 and $10 to $12.
Pork values have been larger at noon, up $1.91 at $94.23. Bellies, ribs, picnics, and loins have been all sharply larger. Hams have been weak and butts have been decrease.
