At the Chicago Mercantile Exchange, live and feeder cattle ended the day mixed, watching corn and direct business. August live cattle closed $.40 lower at $122.75 and October live cattle closed $.37 lower at $128.12. August feeder cattle closed $.65 lower at $158.05 and September feeder cattle closed $.47 lower at $163.07.
It was a quiet end to the week for direct cash cattle trade following the light to moderate business that took place on Wednesday and Thursday. Live deals in the South had a full range of $119 to $125, mostly $121, which was fully steady with the prior week’s trade. Northern dressed business had a full range of $198 to $204, mostly $198, also about steady with the previous week’s weighted average basis in Nebraska.
At the Herreid Livestock market in South Dakota, the best test was on steers 850 to 950 pounds were steady to $2 higher, steers 951 to 1050 pounds were $2 to $5 higher with instances of up to $8 higher. The USDA says demand was good to very good for the large offering of loads and strings, including a long-strong of 3000 steers from one family operation. All of the cattle in the day’s offering was off dry grass and in mostly light to moderate flesh. Quality was similar to the previous week, mostly attractive overall. The market was active. Receipts were up on the week and the year. Feeder supply included 83% steres and 99% of the offering was over 600 pounds. Medium and Large 1 feeder steers 851 to 892 pounds brought $154 to $165.25 and feeder steers 905 to 945 pounds brought $154.50 to $158.25. Medium and Large 1 feeder heifers 701 to 745 pounds brought $154 to $158.75 and feeder heifers 817 to 826 pounds brought $146.50 to $150.50.
At the South Dakota Hay market, compared to last week, all classes of hay remain firm.
