Direct cash cattle trade is slow, and it looks like the bulk of the week’s business could be completed. But there could be a little cleanup trade scattered throughout the day. Asking prices for cattle left on showlists are around $110 plus live in the South and $174 plus dressed in the North. Thursday’s business was light, mainly at $110 live and $170 to $172 dressed. That’s mostly steady with the week’s previous business.
Boxed beef is mixed at midday on light demand for light offerings. Choice is $.80 higher at $238.50 and Select is $.12 lower at $213.77. The Choice/Select spread is $24.73.
At the Ogallala Livestock Auction in Nebraska, compared to last week, steers were $2 to $9 lower and heifers were steady to $8 lower. The USDA says demand was moderate to good all day. Receipts were down on the week and the year. Feeder supply included 49 percent steers and 36 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers 559 to 590 pounds brought $142.50 to $160.50 and feeder steers 607 to 637 pounds brought $142.50 to $154. Medium and Large 1 feeder heifers 503 to 541 pounds brought $135 to $148 and feeder heifers 553 to 598 pounds brought $132 to $146.50.
Cash hogs opened steady to lower with fairly light negotiated numbers.
