Direct cash cattle trade is off to a slow start following last week’s light trade especially in Kansas and Texas.
Bids and asking prices for cattle left on showlists are not yet established. Prices on Friday came in around around $122 live, mostly steady with the prior week’s weighted averages. Dressed deals in the North ranged from $197 to $202, generally $1 higher than last week’s weighted averages.
Boxed beef is lower at midday on light demand for moderate offerings. Choice is $1.40 lower at $303.16 and Select is $1.51 lower at $274.67. The Choice/Select spread is $28.49.
At the Eastern MO Commission Company in Bowling Green, Missouri, compared to the previous week, there was an sharply higher undertone noted on steers under to 600 pounds. Steers over 600 pounds also had some good comparisons. Heifers 500 to 550 pounds were $2 to $6 higher, and heifers 550 to 750 pounds were $5 to $10 higher. USDA says demand was very good with moderate offerings. Receipts were up on the week and on the year. Feeder supply included 67 percent steers and 71 percent of the offering was over 600 pounds. Medium and Large 1 feeder steers 650 to 691 pounds brought $155.00 to $161.50 and feeder steers 710 to 745 pounds brought $149.50 to $160.50.
