The direct cash cattle trade activity is usually quiet on Mondays, with significant trade volume expected later in the week. Last week, dressed business prices ranged from $294 to $301, mostly at $298, which is $4 higher than the previous week. Boxed beef prices are higher due to solid demand for light offerings. In Nebraska, there is good to very good demand for grass cattle, feeder cattle, and bred cows. However, cash hogs are lower with very light negotiated purchases. Pork values have increased by $1.76, now at $95.23.
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 trade activity is typically quiet for a Monday. Buyers and sellers are busy preparing for the week ahead. Bids and asking prices haven’t been established. Significant trade volume will likely be delayed until midweek or later. Last week dressed business ranged from $294 to $301, mostly $298, $4 higher than the previous week’s weighted averages. Southern live business was at mostly $186, which was fully steady with the prior week’s business. Boxed beef is higher at midday on solid demand for light offerings. Choice is $1.43 higher at $313.33 and Select is $1.40 higher at $303.80. The Choice/Select spread is $9.53. In Nebraska last week, steers under 500 pounds were $10 higher and steers over 500 pounds were $2 higher. Heifers were steady to $3 higher, except 6-weight heifers which were $7 higher. The USDA says demand was good to very good for grass cattle, feeder cattle, and bred cows. Receipts were up on the week and the year. Feeder supply included ...
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