Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Oct 19, 2018    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 10-19-2018)

Confirmed Sales:

  Week to date: 160      Last week: 440        Last Year: 200
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains 
light to inactive with most producers passing or waiting for higher bids 
this week.  Dressed grid sales on a light test traded 1.00 lower at 
175.00, with flat dressed prices mostly steady on a light test at 172.00-
174.00.  Fed cattle trade started on Tuesday and Wednesday of this this 
week mostly from 109.00-111.00 with dressed sales steady at 174.00 as 
most of the trade occurred in the Northern Plains where the largest 
numbers of fed cattle are available.  This will be the 6th consecutive 
week in a row that fed cattle prices have traded mostly steady and in a 
narrow range of mostly 110.00-111.00.  Packers continue to maintain 
leverage and cattle feeders willing sellers at steady money.  With muddy 
and sloppy pen conditions in many areas along with shortage of pen space 
in many feedyards keeps cattle feeders in a selling mode.  Boxed-beef 
cutout values have found some footing and are expected to grind higher as 
we go into November with holiday business in front of the retailers.  
This week’s kill is estimated to be around 625K-630K with some plants 
doing cooler cleanings.  This should help to give support and raise cut-
out prices and with a higher cut-out should help to hopefully give more 
packer competition.  Choice cut-out on Thursday closed 2.26 higher at 
206.82 with Select 1.16 higher at 192.35 compared to last Friday’s close 
with Choice at 202.71 and Select 192.28.  The hide and offal value from a 
typical slaughter steer on Thursday was estimated at 9.10 per cwt live, 
up .01 cent when compared to Wednesday’s value.      

Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)  No Sales     

(Note: Weighing conditions some plant delivered weights and some net
 weights FOB feedlot after a 4 percent shrink.

Dressed Carcass Sales: (Paid on Hot Carcass Weights) Delivered or
 Picked up (Weight only)      
   Steers and Heifers: (80 percent Choice) 1 load Tuesday 172.00 Flat; 2 
loads Wednesday 174.00 Flat. 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  1 load 
Thursday 175.00.     

Source:  MO Dept of Ag-USDA Market News Service, Mexico, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244

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