Direct cash cattle trade activity is relatively quiet through midday.  A few bids in Nebraska have been renewed at $157 dressed.  Asking prices are $97 to $98 live in the South and $158 to $160 dressed in the North.  Trade could be wrapped up in the South for the week, but there’s still expectations that more business will develop in the North. 

Boxed beef is steady to weak at midday with light demand for

light offerings.  Choice is $.06 lower at

$200.74 and Select is $.87 lower at $190.43. 

The Choice/Select spread is $10.31. 

At the Farmers and Ranchers Livestock Auction in Kansas,

compared to last week steers 750 to 1000 pounds were $2 to $8 higher and steers

750 pounds and under had a higher undertone noted.  Heifers 700 to 1000 pounds were $1 to $3 higher

and heifers 700 pounds and under had a higher undertone noted.  The USDA says demand was good and the trade

was active.  Receipts were up on the week

and the year.  Feeder supply included 54

percent steers and 88 percent of the offering was over 600 pounds.  Medium and Large 1 feeder steers 750 to 792

pounds brought $140 to $149.75 and feeder steers 819 to 849 pounds brought

$134.75 to $141.50.  Medium and Large 1

feeder heifers 665 to 695 pounds brought $133 to $142 and feeder heifers 756 to

793 pounds brought $131 to $134. 

Cash hogs opened steady with moderate negotiated numbers.  

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