Cash cattle business was quiet, while cash hogs closed higher in the US

It was a quiet Monday for direct cash cattle trade activity. Bids and asking prices didn’t surface. If business this week follows the recent trend, significant trade volume will hold out until sometime Thursday or Friday. At mid-session at the Oklahoma National Stockyards, feeder steers were steady to $3 higher, and steers 650 to 700 pounds were sharply higher, up $10 to $16 in some instances. Feeder heifers are $4 to $7 higher. Steer and heifer calves are $4 to $7 higher. The USDA says demand is moderate to good and quality is average. Receipts are down on the week and the year. Feeder supply included 55% steers and 48% of the offering was over 600 pounds. Medium and Large 1 feeder steers 508 to 540 pounds brought $205 to $248 and feeder steers 655 to 690 pounds brought $188 to $213.50. Medium and Large 1 feeder heifers 550 to 599 pounds brought $175 to $201 and feeder heifers 603 to 637 pounds brought $179 to $217. Boxed beef closed higher on solid demand for light ...