USA: Midday cash livestock markets

Other Frozen Pork Cuts
Frozen Bone-In Beef
United States
Market & Price Trends
Published Feb 2, 2024

Tridge summary

The direct cattle markets are currently quiet with bids in Kansas and Texas at $176 live, and in Nebraska at $276 to $278 dressed. The USDA’s Cattle Inventory report suggests a contraction in 2021 and predicts further tightening of supplies in 2022. The Bassett Livestock Auction saw an increase in prices for steers and heifers. Meanwhile, boxed beef was slightly down at midday, while pork prices increased. Pork export sales remained steady, with Mexico and China being the main buyers.
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 cattle markets are quiet, but packer inquiry is improving. Bids are $176 on the live basis in Kansas and Texas and $276 to $278 dressed in Nebraska, with asking prices around $178 to $180 live and $280+ dressed. There has been some very light trade this week, not enough to establish a trend. Tuesday’s activity was at $176 live in Kansas and $175 live and $275 dressed in Iowa, while Wednesday’s business was at $176 live in Kansas and $275 dressed in Nebraska. The USDA’s semi-annual Cattle Inventory report was close to expectations, indicating contraction last year and projecting a further tightening of supplies this year. The USDA says beef export sales were down on the week at 16,700 tons, with Japan and China topping the list.At the Bassett Livestock Auction feeder cattle sale in Nebraska, compared to two weeks ago, steers weighing 550 to 750 pounds were $2 to as much as $20 higher, while a limited number of comparable offerings for heifers weighing 650 pounds were up $3. ...
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