Jefferson City, MO   Friday, November 22, 2024   MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle

Week to date: 320          Last Week: 360          Last Year 280

These prices acquired from Missouri producers, Trading as of this Friday
morning November 22, Flat dressed sales are steady at 290.00, with grid
dressed sales inactive. Negotiated fed cattle trade has pretty much been
on the light side this week with light trade in the Southern Plains at
186.00 and a few reported at 187.00. Packers will be buying for a holiday
shortened week next week for Thanksgiving.  Estimated weekly slaughter
looks to near 615,000-620,000 this week.  For the week of Nov 08, Steer
carcass weights increased 2 lbs from prior week to 960 lbs, 29 lbs
heavier than a year ago.  Cattle carcass weights continue to play heavy
on beef tonnage and also help to pressure boxed-beef cut-out values
lower.  Boxed-beef values firmed up this week as end users don’t want to
be short bought after Thanksgiving as the next holiday will be Christmas
and New Year’s.  Choice closed .40 cents higher at 306.79 on Thursday
with Select closing 1.93 higher at 272.92 with the Choice-Select spread
widening to 33.87 compared to last Friday’s close with Choice at 303.34
and Select at 276.14.  According to the American Farm Bureau, this year’s
cost for a Thanksgiving dinner for 10 people will cost 58.08, a 5 percent
drop.  The center piece for the dinner the turkey, help to bring down the
cost as the average price of a 16 lb turkey is 25.67 down 6 percent from
last year.  Slaughter Cattle under Federal inspection on Thursday was at
496,000, last week 483,000 and last year 384,000.  The hide and offal
value from a typical slaughter steer on Thursday was estimated at 11.14
per cwt live, unchanged when compared to Wednesday’s value.

Live Sales:
Slaughter steers and heifers: (over 90 percent Choice)

(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

Steers and Heifers (80 percent Choice)  4 loads Flat Wednesday 290.00,
4 loads Flat Thursday 290.00.

Grid Dressed Sales:  (over 80 percent Choice)

Source:  MO Dept of Ag-USDA Market News Service, Perry, MO
         Greg Harrison, Market Reporter