A quiet end to the week for direct cash cattle trade after this week’s moderate business. Bids have been scare. Asking prices for cattle left on show lists are around $122 to $123 live in the South and $199 to $200 dressed in the North. Dressed deals in the North have had a full range of $195 to $202, mostly $197 to $198, steady to $1 higher than last week’s weighted average basis in Nebraska. Southern live deals have had a range of $117 to $122, mostly $121 to $122, generally $1 to $2 higher than last week’s weighted averages.
At the MO-KAN Livestock Market in Missouri, compared to the last reported sale two weeks ago steers under 650 pounds were steady. There were a few fancy lots of heavier 700 to 850 pounds yearlings which sold $7 to $10 higher. Heifers traded steady to $5 higher. The USDA says demand was good for a moderate supply and the buyers were active. Receipts were almost steady on the week and down on the year. Feeder supply included 51% steers and 46% of the offering was over 600 pounds. Medium and Large 1 feeder steers 553 to 599 pounds brought $176 to $183.50 and feeder steers 608 to 638 pounds brought $164 to $173.
