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Midday cash livestock markets

A light to moderate direct cash cattle trade has developed this morning.  Live deals are at $111, steady with last week’s weighted average.  There’s some dressed business at $173, roughly $2 lower than last week’s weighted average basis in Nebraska.  Asking prices are $113 to $114 live and $178-plus dressed.

At the Hub City Livestock Auction in South Dakota receipts were down significantly on the week and the year.  The best test was on steers 900 to 950 pounds were $3 to $5 lower and heifers were not well tested for a good comparison. 

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