The livestock market is experiencing varied trends, with an uptick in direct cash cattle trade, where Kansas reported deals at $185 and other regions saw bids between $184 and $185 live and $296 dressed. However, boxed beef prices have declined, with Choice and Select cuts falling by $1.22 and $1.05 respectively. The Kingsville Livestock Auction in Missouri noted lower prices for steer and heifer calves and yearlings due to external pressures. In the pork sector, cash hog prices have decreased amid reduced processor procurement efforts, despite a slight rise in demand both domestically and globally. The industry is keenly awaiting the Quarterly Hogs and Pigs report for further insights into production efficiency and supply levels.
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 has picked up with a handful of deals reported in Kansas at $185. Live bids in other parts of the south are at $184 to $185 and in the North at $296 dressed. More trade may develop as the day progresses, but significant volumes could easily hold out until sometime Thursday or Friday. Boxed beef is lower at midday on light demand for heavy offerings. Choice is $1.22 lower at $309.87 and Select is $1.05 lower at $299.21. The Choice/Select spread is $10.66. At the Kingsville Livestock Auction in Missouri, steer and heifer calves were $5 to $15 lower and yearlings were $3 to $7 lower. The USDA says markets hit a bump in the road, likely due to outside pressures. There was a nice run of yearlings on hand, with the majority offered in load lots. Some new crop calves were also offered; the quality was good, but several were pretty soft and carrying some flesh. Both supply and demand were moderate. Receipts were down on the week but up on the ...
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