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Cattle

Choice Fed Steers - 2/23Unch120 - 125
  Trend week of 2/23UnchTop of 125
Dressed Basis  - 2/22
Steadyto -1195 - 196
   Trend week of 2/22
Top of  196
Boxed Beef Cutout +2.24198.43
68 loads
Fri AM

Hogs

Western Cornbelt-0.9572.88
Iowa Lean Average-1.54

72.75

Thu PM

Sheep/Goats

Finished Lambs (Sioux Falls 2/15)Steady 129 - 142
60-70 lb Feeder(Sioux Falls 2/15)Steady
186 - 235
Sl. Ewes (Sioux Falls 2/15)Higher76 - 88
60-90 lb Sl. Kids (Sioux Falls 2/15)Steady215 - 225

Livestock Market News

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Market Commentary

Market Commentary from the Northern Ag Network:

 2/24/2017  10:00 AM

DTN reports:  

With spot February leading the charge, live issues closed 5 to 177 higher. Actually, buying interest was rather modest once you looked past the lead contract (i.e., set to expire next Tuesday and still several dollars below the most recent feedlot sales). The size of the April discount to both February and cash seems unusually large. Beef cut-outs: significantly higher, up $1.66 (choice, $196.19) to $2.02 (select, $192.83) with moderate demand and light to moderate offerings (72 loads of choice cuts, 16 loads of select cuts, 10 loads of trimmings, 27 loads of coarse grinds).


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