A light to moderate direct cash cattle trade is underway across all areas.  Live deals in the South are at $109, $2 higher than last week’s weighted averages.  Business is also underway in Nebraska with dressed business at mostly $170, $2 higher than last weeks weighted averages and $1 higher than the bulk of Thursday’s business.  Live deals are at $108.  Many of the dressed deals are set for delayed delivery. 

Boxed beef is lower at midday on light demand for light offerings.  Choice is $.93 lower at $215.07 and Select is $2.28 at $200.82. 

At the Ogallala Livestock Auction in Nebraska, compared to last week steers and heifers were steady to $2 higher, except 450-pound steers, which were $2 lower and 600-pound steers were $4 lower.  The USDA says demand was moderate and the weather has not been beneficial to the market.  Receipts were down on the week.  Feeder supply included 45 percent steers and 44 percent of the offering was over 600 pounds.  Medium and Large 1 feeder steers 465 to 498 pounds brought $165 to $177 and feeder steers 553 to 587 pounds brought $154.50 to $158.50.  Medium and Large 1 feeder heifers 456 to 498 pounds brought $147.50 to $152.50 and feeder heifers 651 to 679 pounds brought $153 to $153.50. 

Cash hogs opened weak with moderate negotiated numbers. 

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