Compared to last week, steers and heifers were lightly tested this week due limited receipts during Thanksgiving holiday week even though some auctions did hold specials on Monday and Tuesday this week.  In the rolling hills of North Central Missouri at Green City Livestock Auction, demand was very good on backgrounded yearling steers weighing mostly 750 to 950 lbs with those weights trading in a very tight price range.  In fact, the weighted average price for those steers varied by only 1.64/cwt.  Reputation stock on hand there as a load this year weighing 830 lbs sold at 163.00, while last year’s top in the 800 to 850 lbs category was a load weighing 828 lbs at 164.50.  Very similar cattle... very similar price.  Feeder cattle receipts were lower this week due to the holiday, however packers needed to purchase for a full harvest next week.  This week so far, packers purchased 111,133 head of fed steers and heifers in the 5-Area at higher prices than last week.  Compared to last week, live trades in the Southern Plains were 2.00 to 3.00 higher at 116.00 to 117.00.  Dressed sales in Nebraska traded 2.00 to mostly 7.00 higher at 180.00 to mostly 185.00.  Wednesday’s Cattle on Feed report was bullish placements as the on feed was reported at 103 percent of a year ago; placements at 94 and marketing’s at 105 percent respectively.  Also on Wednesday, the cold storage report listed total pounds of red meat in freezers down one percent from last month and last year.  Total pounds of beef in freezers were up two percent from last month and last year at 515.4 million pounds.  Frozen pork supplies were down three percent from last month at 570.6 million pounds and down five percent from last year.  Total pounds of chicken came in at 942.9 million pounds, up eight percent from last year.  Auction volume this week included 38 percent weighing over 600 lbs and 41 percent heifers.
Source: USDA Livestock, Poultry and Grain Market News Division, St. Joseph, MO