Direct cash cattle trade activity is off to a slow start with bids and asking prices few and far between.  It’s likely another round of light trade will develop today.  Monday’s business was scattered, Northern dressed trade was $152 to mostly $153, about $1 lower than last week’s weighted average basis in Nebraska.  Texas reported live deals at $91 to $92, $3 or so below last week’s weighted averages. 

Boxed beef is mixed at midday on moderate demand for

moderate offerings.  Choice is $.23 lower

at $208.13 and Select is $.76 higher at $201.47. 

At the Joplin Regional Stockyards in Missouri, compared to

last week steer calves were steady and heifer calves were steady to $3 higher

and yearling steers were steady to $3 higher, yearling heifers were

steady.  The USDA says demand was

moderate to good and supply was heavy. 

The Yearling Special had may loads of true yearling cattle, off the

grass, in the offering.  Receipts were up

on the week and the year.  Feeder supply

included 60 percent steers and 65 percent of the offering was over 600 pounds.  Medium and Large 1 feeder steers 754 to 787 pounds

brought $128 to $139.50 and feeder steers 866 to 800 pounds brought $119.50 to

$126.  Medium and Large 1 feeder heifers

652 to 699 pounds brought $118.50 to $130 and feeder heifers 702 to 742 pounds

brought $115 to $125. 

Cash hogs opened steady with solid negotiated numbers. 

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