Moderate early week support has stepped back into
the complex early Monday with mixed live cattle trade now showing
narrow to moderate gains. Light buyer support is helping to hold strong
gains through lean hog futures.
far for Friday in the Southern Plains trading and demand have been
moderate. Compared to last week live sales sold 2.00 higher at 167.00.
In Nebraska trading has been slow to moderate on good demand. Compared
to last week live sales sold .50 to 2.50 higher from 167.00 to 169.00.
to last week, feeder cattle and calves sold mostly steady to 5.00
higher with a majority of sales ranging from 2.00-5.00 higher. As a
whole, receipts are currently made up of growing lot yearlings and fall
born calves both carrying considerable flesh, but there seems to be
plenty of buyers eagerly bidding on all classes.
Thus far for Friday, negotiated cash trade was mostly inactive on light demand in the southern and northern Plains as well as the western Corn Belt. Not enough sales in any major feeding region to establish an adequate market test. The latest available market
Fed cattle trade on Thursday in the southern Plains was light on light demand. Compared to Wednesday live sales traded steady at $91. In Kansas on Tuesday dressed sales traded at $143. In Nebraska trade was limited on light demand.
In Oklahoma City, OK, this week, feeder steers and heifers over 700 lbs. were called steady. Feeder cattle and calves under 700 lbs. were steady to $2 higher. Demand was called moderate for feeder cattle, but improved later in the day.