A very light direct cash cattle trade is being reported in the North. Deals in Nebraska are at $165 dressed. That’s $2 higher than Thursday’s business and $4 higher than last week’s weighted average in Nebraska. Asking prices for cattle on showlists are around $105 plus live in the South and $167 plus dressed in the North.
Boxed beef is firm at midday on good demand for moderate offerings. Choice is $.57 higher at $215.62 and Select is $.60 higher at $203.99. The Choice/Select spread is $11.63.
At the Mitchell Livestock Auction in South Dakota, a higher undertone was noted on steers up to 850 pounds. Steers 850 to 900 pounds were steady, and a higher undertone was noted on steers 900 to 1000 pounds. Heifers 800 to 1000 pounds were steady to $2 higher and a higher undertone was noted on heifers over 1000 pounds. Receipts were up on the week and the year. Feeder supply included 40 percent steers and 86 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers 811 to 828 pounds brought $144.25 to $149.10 and feeder steers 854 to 884 pounds brought $135 to $144.50. Medium and Large 1 feeder heifers 800 to 848 pounds brought $122 to $134.60 and feeder heifers 857 to 894 pounds brought $124.25 to $128.50.
Cash hogs opened sharply lower with solid negotiated numbers.
