Livestock Markets
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Cattle 

Choice Fed Steers  

-1 to 2

125 - 126  (last week)

 

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128

Dressed Basis        

-1 to 2

198 - 200  (last week)

 

          Top

201 - 202


Boxed Beef Cutout +0.41

210.66   109 loads

Hogs 
Peoria, IL Steady

58 - 60

Iowa Lean Average

+1.75

92.09

Sheep 

Finished Lambs      (Sioux Falls, SD  5/15)

Firm


114 - 119
60-80 lb feeder lambs (Sioux Falls, SD 5/15) Firm 117 - 130

Slaughter Ewes               (Sioux Falls, SD 5/15)

+3 to 5

25 - 36

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Livestock Futures Markets
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U.S. live cattle futures closed higher Tuesday as wholesale beef prices continue to set all-time highs and as some traders consider the futures market oversold. Some also think that future prices may have already factored in what was considered a bearish cattle-on-feed report on Friday. Feeders closed mixed, with deferred contracts climbing amid weakness in corn prices.