Direct cash cattle markets are quiet so far. Some very light trade connected to the Fed Cattle Exchange was reported yesterday at $126 live in Texas. Asking prices have been renewed at $129 to $130 live and $203 to $204 dressed with scattered bids at $124 live and $196 to $198 dressed. Buyers and sellers will be watching CME and wholesale business. Weekly beef exports were 18,500 tons, mainly to Japan and Taiwan.
Boxed beef at midday was mixed. Choice was down $.33 at $209.04 and Select was up $1.01 at $204.15.
At the Hub City Livestock Auction feeder cattle sale in South Dakota Wednesday, compared to the previous week, steers and heifers were mixed. The USDA says it was an active market, with good to very good demand for a large offering with many packages, strings, and loads. Flesh conditions ranged from light to heavy. Medium and Large 1 feeder steers weighing 800 to 900 pounds were reported at $138.10 to $151 and 900 to 1,000 pound steers sold at $137.75 to $146.50. Medium and Large 1 feeder heifers weighing 600 to 700 pounds ranged from $140.25 to $168 and 700 to 800 pound heifers brought $132.50 to $149.25. A load of 95 heifers averaging 703 pounds had a weighted average of $1,070.87 per head.