News

USA: Midday cash livestock markets

Frozen Bone-In Beef
Other Frozen Pork Cuts
Meat
United States
Market & Price Trends
Published Feb 24, 2024

Tridge summary

The cattle market in Nebraska is seeing bids $4 below asking prices, with prices around $184-plus in the South and $292-plus in the North. Beef exports are primarily to Japan, South Korea, and Mexico, and boxed beef prices are on the rise. Mitchell Livestock Auction has seen an increase in prices for feeder steers and heifers. On the other hand, the hog market is steady to lower, with a decrease in pork export sales and bellies sharply lower, despite steady to higher pork values at midday.
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

Cash cattle country has a few bids on the table in Nebraska, but they are $4 below current asking prices. Those bids have been passed. Asking prices are around $184-plus in the South and $292-plus in the North. The USDA says beef export sales of 12,600 tons were below the previous week, primarily to Japan, South Korea, and Mexico. The USDA’s Cattle on Feed report is out at 3 Eastern/2 Central. Boxed beef was higher at midday with Choice up $1.42 at $301.21 and Select up $1.61 at $287.42. The Choice/Select spread was $13.79. At Mitchell Livestock Auction in South Dakota, feeder steers 600 to 850 pounds trended steady to $2 higher compared to the most recent sale. Feeder heifers above 600 pounds were $6 to $11 higher. USDA says demand was very good for many large strings of feeders. Feeder supply included 63% steers and 93% of the offering was over 600 pounds. Medium and Large 1 feeder steers 706 to 740 pounds brought $260 to $279.25 and feeder steers 850 to 897 pounds sold for ...
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