Jefferson City, MO   Friday, November 01, 2024   MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle

Week to date: 120          Last Week: 360          Last Year 360

These prices acquired from Missouri producers, Trading as of this Friday
morning November 01, Flat dressed sales are steady on a light test at
298.00 with grid dressed sales inactive.  Live cattle trade this week on
Wednesday and Thursday sales were pretty much steady at 190.00 in both
the Southern and Northern Plains with dressed sales steady to 2.00 lower
mainly at 296.00-298.00.  Estimated weekly slaughter looks to increase
and be again near 610,000-615,000 for the week.  For the week of October
14, Steer carcass weights show steer carcass weights jumped 10 lbs to 960
lbs that’s 10 lbs over last week and 33 lbs over year ago levels.  Cattle
carcass weights are playing heavy on beef tonnage and could very well
help to pressure boxed-beef cut-out values lower.  Boxed-beef values have
had an exceptional run-up over the last several weeks but seem to have
hit their peak and started to work lower with Thanksgiving around the
corner cut-out values are expected to work lower.  Choice boxed-beef on
Thursday closed 1.84 lower at 317.60 with Select 3.95 lower at 285.37
with the Choice-Select spread widening to 32.23 compared to last Friday’s
close with Choice at 322.24 and Select at 295.08.  Slaughter Cattle under
Federal inspection on Thursday was at 490,000, last week 491,000 and last
year 500,000.  The hide and offal value from a typical slaughter steer on
Thursday was estimated at 11.08 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)  Wednesday 3 loads Flat at 298.00

Grid Dressed Sales:  (over 80 percent Choice)    No Sales

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