Livestock Markets
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Cattle 

Choice Fed Steers  

-1 to 2

125 - 126  (this week)

 

          Top

127 - 128

Dressed Basis        

-1 to 2

198 - 200  (this week)

 

          Top

201 - 202


Boxed Beef Cutout +0.74

209.51   87 loads

Hogs 
Peoria, IL -1

58 - 60

Iowa Lean Average

+0.97

91.20

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 5/8)

+3 to 5

25 - 36

  -  -

 

Livestock Futures Markets
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U.S. live cattle futures closed lower Friday after several consecutive days of new all-time record highs in wholesale choice grade beef prices. Some traders expect retail demand could soon begin to soften, as restaurants and supermarkets opt for cheaper proteins like pork and chicken. Anticipation of that potential demand downturn is weighing on cattle contracts for delivery in the summer months. Feeder cattle are also trading lower today. The USDA also released a mildly bearish cattle-on-feed report. Year-ago placements were the smallest since 2002, cattle-on-feed as of May 1 are down and marketings in April were up 2.2%