Midday cash livestock markets in the US

Published 2024년 1월 24일

Tridge summary

The direct cash cattle trade is seeing increased activity with bids surfacing at $174 live in the South. However, boxed beef is experiencing a dip due to light demand. The Philip Livestock Auction in South Dakota is witnessing high demand for feeder steers and heifers. Cash hogs are significantly higher at midday due to strong global demand for U.S. pork, especially from China and Hong Kong. This is despite an increase in hog weights, which is adding more pork to the market. Pork values, including bellies, butts, hams, and loins, are also higher at midday.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Direct cash cattle trade activity is picking up around midday. Bids have surfaced at $174 live in the South. Asking prices are around $176-plus live in the South and $276-plus dressed in the North. We could see some business develop as the day progresses. Boxed beef is lower at midday on light demand for solid offerings. Choice is $1.12 lower at $300.54 and Select is $1.54 lower at $286.84. The Choice/Select spread is $13.70. At the Philip Livestock Auction in South Dakota, there was very good demand for many long strings, load lots, and packages of feeder steers and feeder heifers, all of which sold on a very active market. Nearly the entire offering was home-raised, weaned, had both spring and fall vaccinations, and carried light to moderate flesh. Most of the offering was attractive, despite recent weather. Receipts were up on the year. Feeder supply included 61% steers and 86% of the offering was over 600 pounds. Medium and Large 1 feeder steers 656 to 688 pounds ...

Source: Brownfield Ag