News

USA: Midday cash livestock markets

Frozen Bone-In Beef
Other Frozen Pork Cuts
Meat
United States
Market & Price Trends
Published Feb 29, 2024

Tridge summary

Direct cash cattle markets are at a standstill. Asking prices are $185 to $186 on the live basis, while asking prices on the dressed basis and bids remain unestablished. Boxed beef at midday was higher with light to moderate movement. Midwest butcher hogs are steady at $55. Illinois direct sows are $2 higher at $41 to $53. Pork at midday was down $1.28 at $90.59.
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 at a standstill. Asking prices are $185 to $186 on the live basis, while asking prices on the dressed basis and bids remain unestablished. A handful of sales were reported Tuesday at $182 to $183 live and $288 dressed, just not enough to set any kind of trend. Packer inquiry should improve as the day goes on, but it looks like widespread business will be delayed until tomorrow, if not Friday.Boxed beef at midday was higher with light to moderate movement. Choice was up $.67 at $302.41 and Select beef was $2.50 higher at $292.90 for a spread of $9.51.At the Philip Livestock Auction in South Dakota, there was no comparison as the last test was three weeks ago. The USDA says there was very good demand and a strong, active market for several long strings, load lots, and packages of feeder steers and feeder heifers, along with replacement heifers and a premier bull sale. Most of the offering was home raised, mainly with light to moderate flesh and a few ...
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