Direct cash cattle trade is quiet with just a few scattered bids on the table.  Asking prices are around $105 plus live in the South and $170 dressed in the North.  There’s been a moderate trade that’s taken place this week.  Northern dressed deals had a range of $157 to $167 and Southern live deals have been marked at $100 to $102.  It’s very likely the bulk of this week’s business is completed.

Boxed beef is lower at midday on moderate demand for

moderate to heavy offerings.  Choice is

$4.29 lower at $213.64 and Select is $2.02 lower at $206.06.  The Choice/Select spread is $7.58. 

At the Hub City Livestock Auction in South Dakota, compared

to last week the best test was on steers 850 to 950 pounds, and 1001 to 1050

pounds were mostly steady, steers 951 to 1000 pounds were $2 to $3 higher.  The best test on heifers 900 to 950 pounds

were $4 to $5 higher.  The USDA says there

was moderate to good demand for today’s offering of packages and loads.  Quality varied, but it was mostly average to

attractive and the market was moderate to active.  Receipts were down on the week and about even

on the year.  Feeder supply included 63

percent steers and 92 percent of the offering was over 600 pounds.  Medium and Large 1 feeder steers 851 to 895

pounds brought $124 to $127.50 and feeder steers 909 to 949 pounds brought

$118.75 to $122.50.  Medium and Large 1

feeder heifers 814 to 848 pounds brought $116.25 to $120.25 and feeder heifers

919 to 929 pounds brought $112.75 to $115. 

Cash hogs opened steady with moderate negotiated numbers. 

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