The market in a line
Wed, Aug 12Choice cutout held near $372.28. 3 Mississippi barns reported 181 priced lots.
Feeder steers
Mississippi, week of Aug 10 USDAWeighted across every reported lot, by weight class. Weekly rather than daily — one day's barns are too thin a base for a state figure. Watch the barn count: a weight class carried by one or two barns is a thin figure, not a market.
| Weight | Price | vs prior week | Head | Barns |
|---|
| 300-399 lb | 503.24/cwt | $0.53 higher | 153 | 12 |
| 400-499 lb | 433.76/cwt | $6.22 higher | 228 | 13 |
| 500-599 lb | 379.83/cwt | $3.07 lower | 396 | 13 |
| 600-699 lb | 359.12/cwt | $7.69 higher | 380 | 11 |
| 700-799 lb | 334.70/cwt | $7.72 higher | 144 | 10 |
| 800-899 lb | 312.20/cwt | $7.55 lower | 5 | 3 |
Barn by barn, 500–599 lb steers
Same day, same class USDAEvery barn that sold at least 20 head of this class on Wed, Aug 12, weighted by head. Spread of $10.50 between the top and bottom of 2 barns. An average moves with the cattle that showed up as much as with the buyers in the seats — a yard with better grade will average higher on the same demand. This is where the money landed, not a verdict on the barn.
Boxed beef
National · PM close · Aug 12 USDAChoice $372.28, $0.97 higher. Select $349.81, $0.01 higher. The Choice–Select spread stands at $22.47. 105 loads traded.
Fed cattle
National · Negotiated cash, week to date USDA30,186 head traded Aug 6–Aug 12.
| Region | Basis | Price | Head |
|---|
| Iowa-Minnesota | Dressed Delivered | 376.42 | 907 |
| Iowa-Minnesota | Live Delivered | 239.55 | 980 |
| Iowa-Minnesota | Live FOB | 235.10 | 3,052 |
| Kansas | Live FOB | 235.01 | 3,681 |
| Nebraska | Dressed Delivered | 369.04 | 6,775 |
| Nebraska | Live FOB | 235.06 | 14,791 |
At the Mississippi barns
USDA market reporters, as filed USDACompared to last weeks sale Feeder Steers sold mostly 6.00-25.00 Lower ; feeder heifers between 300#-400 # sold 5.00-32.00 higher ; feeder heifers over 400# Sold 3.00-32.00 Lower ; Feeder yearling groups were reported as #1-2s and groups that were weaned with shot were reported with added value ;
Lucedale Livestock Auction · Mississippi
Compared to last week cattle sold mixed to steady across the board. Quality was above average and demand was good.
Lipscomb Brother's Livestock Auction · Mississippi
Compared to last week: Feeder calves sold 1-15 lower in all classes. Slaughter cattle sold steady but were lightly tested. In addition to the sale there was1 Load of heifers sold on the board, 66 head, 795lbs. $3.0975/lb.
Johnson Stockyard · Mississippi
Cows and bulls
National direct, dressed USDA| Class | Price | Direction | Head |
|---|
| Breaker (75% lean) | 309.60/cwt | $5.55 lower | 442 |
| Boner (85% lean) | 326.64/cwt | $8.16 lower | 1,470 |
| Cutter (90% lean) | 327.88/cwt | $9.90 lower | 2,933 |
| Premium White | 321.12/cwt | $3.74 lower | 1,641 |
| Bull (92% lean) | 368.90/cwt | $3.34 lower | 337 |
Every USDA report carried this date is listed in the archive.