Cash hogs are steady to lower, while cash cattle are not yet trading

Market News

Cash hogs are steady to lower, while cash cattle are not yet trading

It was a typically quiet Monday morning in the cattle market with both buyers and sellers busy taking inventory. Bids and asking prices were not established. Significant trade volume will likely be delayed until Wednesday or later.

The bulk of last week’s cash cattle trade took place on Thursday. Northern dressed business was mostly $202.00, about $1.00 higher than last week’s weighted average. Southern live deals had a full range of $117.50 to mostly $123.00. That’s $1.00 higher than the prior week.

Boxed beef was lower Monday morning. Choice boxes were down $2.63 at $342.71. Select boxes were down $2.39 at $313.13.

A good crowd of buyers was reported at the Crawford, Nebraska Livestock Market Friday. Demand was good to moderate on a good supply of quality yearling heifers, yearling steers, and feeder calves. Prices were up compared to two weeks ago.

Medium and large frame, #1 feeder steers:
255 head, weighing 851 to 895 pounds brought $152.50 to $160.00.

477 head, weighing 903 to 948 pounds brought $148.50 to $162.50.

Medium and large frame, #1 feeder heifers:
147 head, weighing 650 to 694 pounds brought $157.00 to $169.75.

Cash hogs are steady to lower.

National Daily Direct barrows and gilts are $1.82 lower, from $88.00 to $96.00, with a weighted average of $90.27. The 5-day rolling average in Iowa/Minnesota is $97.76 and for Western Cornbelt hogs it’s $98.19.

Butcher hogs at Dorchester, Wisconsin, which had 435 head, and Garnavillo, Iowa, with 160 head, are both steady at $70.00. Sows and boars at those markets are also steady. Light sows are $65.00 to $68.00; heavy sows are $71.00 to $74.00. Boars are $25.00.     

Pork carcasses were higher Monday morning by $6.86, to $123.45.