Friday, April 17, 2020

Noon money livestock markets - Brownfield Ag Information

Market Information

Noon money livestock markets

A really gentle direct money cattle commerce has developed in components of the South.  Stay offers are at $105 in each Kansas and Texas, which is about regular with final week’s weighted averages.  The remainder of cattle nation stays quiet.  There was some scattered enterprise reported in Nebraska on Thursday at $155, that’s $13 decrease than final week’s weighted averages foundation in Nebraska.  Asking costs are agency round $107 to $108 dwell and $165 dressed.  At present’s Fed Cattle Change had an providing of 5,778 head, with simply 898 head bought on 1 to 17-day supply for a weighted common value of $105.

Boxed beef opened sharply larger on good demand for average choices.  Alternative is $2.20 larger at $238.07 and Choose opened $3.62 larger at $229.60.  The Alternative/Choose unfold is $8.47.

On the Mitchell Livestock Public sale in South Dakota, in comparison with final week, the sunshine take a look at of cattle bought on a better undertone, particularly for steers as much as 850 kilos.  Steers 850 to 950 kilos have been $Eight to $9 larger.  The sunshine take a look at of feeder heifers as much as 750 kilos was erratically regular.  Feeder heifers 750 kilos and up have been $1 to $6 larger.  The USDA says demand was good.  Receipts have been down barely on the week.  Feeder provide was 47 % steers and 88 % of the providing was over 600 kilos.  Medium and Massive 1 feeder steers 857 to 883 kilos introduced $114.25 to $123.50 and feeder steers 854 kilos introduced $128.60.  Medium and Massive 1 feeder heifers 776 to 793 kilos introduced $114.75 to $117.50 and feeder heifers 868 to 894 kilos introduced $108.50 to $112.25.

Money hogs have been referred to as regular to decrease this morning.  Continued discount in processing capability on account of COVID-19 is placing ongoing stress on costs.  And in lots of instances, the lack of know-how about when these amenities will reopen or improve chain velocity is including much more volatility to the market.  The business stays targeted on the availability and demand image.  We all know there are heavy provides of market-ready hogs.  On the identical time – demand needs to be checked out from two completely different views.  Home and international.  On the home facet, there's a concern that demand has slowed and shopper confidence has dropped.  That doesn’t bode properly for costs.  On the identical time, the worldwide protein provide remains to be brief.  And lengthy as disruptions to the US pork sector aren’t large, the US stays well-positioned to fulfill the world’s pork and protein wants.  Barrows and gilts on the Nationwide Every day Direct opened $.46 decrease with a base vary of $30 to $36 for a weighted common of $32.28; the Iowa/Minnesota opened $1 larger for a weighted common of $33.58; the Western Corn Belt opened $1.05 larger for a weighted common of $33.58.  The Japanese Corn Belt was not reported resulting from confidentiality.

At Illinois, slaughter sow costs have been regular with good demand
for average choices at $18 to $30. 
Barrow and gilt costs have been $2 decrease with gentle demand for gentle choices
at $10 to $18.  Boars ranged from $2 to

Pork values opened larger – up $4.80 at $60.66.  Bellies, butts, hams, ribs, and loins are all larger.  Picnics are decrease.

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