Direct cash cattle trade activity is still relatively quiet at midday. Bids have surfaced in Kansas at $120 to $121 live. Asking prices are around $121 plus live in the South, while the North remains quiet. However, dressed asking prices are expected to surface somewhere above the bulk of last week’s deals which were $190 dressed. Significant trade volume will likely be delayed until midweek or later.
Boxed beef is mixed at midday on light to moderate demand for moderate offerings. Choice is $3.30 higher at $261.97 and Select is $.87 lower at $248.99. The Choice/Select spread is $12.98.
At the Joplin Regional Stockyards in Missouri, compared to last week feeder steers under 600 pounds were steady to $3 lower, while steers over 600 pounds were steady to $5 higher. Feeder heifers were steady to $4 higher. Receipts were up slightly on the week. Feeder supply included 51 percent steers and 49 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers 500 to 547 pounds brought $153 to $185 and feeder steers 851 to 896 pounds brought $133 to $137.50. Medium and Large 1 feeder heifers 500 to 548 pounds brought $137 to $154 and feeder heifers 703 to 749 pounds brought $126 to $138.85.
Cash hogs are mixed at midday wither moderate negotiated numbers.
