News

Midday cash livestock markets in the United States

Frozen Bone-In Beef
Other Frozen Pork Cuts
Meat
United States
Market & Price Trends
Published Feb 28, 2024

Tridge summary

The direct cash cattle markets are currently quiet with asking prices ranging from $185 to $186 on a live basis. Last week saw a light to moderate business with prices increasing due to a tighter market. Boxed beef prices have also risen modestly to sharply. The Tri-State Livestock Auction saw mixed prices for feeder steers and heifers. Cash hogs are steady to modestly higher, with national direct barrows and gilts being $.61 higher and a base price range of $67 to $72.50. Midday pork prices have increased by $1.85, standing at $92.84.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Direct cash cattle markets are quiet. Asking prices are $185 to $186 on the live basis with asking prices on the dressed basis and bids in all the major feeding areas yet to be established. Widespread business is expected to wait until at least Wednesday. Last week’s business was light to moderate at sharply higher prices than the week before that, partially due to tighter market ready numbers.Boxed beef at midday was modestly to sharply higher with light to moderate movement. Choice was up $.45 at $302.24 and Select beef was $2.73 higher at $290.72 for a spread of $11.52.At the Tri-State Livestock Auction in McCook, Nebraska, compared to the previous week, feeder steers weighing less than 600 pounds were $7 to $10 lower, while steers weighing more than 600 pounds were $5 to $10 higher. Feeder heifers weighing less than 650 pounds were $7 to $10 lower, with heifers weighing more than 650 pounds were steady to $4 higher. The USDA says demand was good with quite a few buyers at the ...
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