Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Apr 29, 2016     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 04-29-2016

Confirmed Sales:
  Week to date:  360    Last Week:  160    Last Year:  120

( These prices acquired from Missouri producers )

  Trading from late last Friday through Thursday of this week, mostly light as 
bids are lower so far this week.  Late last Friday dressed sales were 8.00 lower 
than previous week; with trade then turning sharply lower from mid-week on as 
cattle futures tanked on Thursday with dressed sales 12.00 lower from last 
Friday’s sales.  Cattle futures did come up for some air early this week after 
last week’s bloody nose, then turned sharply lower.  There is talk that this 
week’s kill will eclipse last week’s 587K and could be over 590K which if 
happens would be the largest level since the summer of 2014.  This reflects 
positive news in keeping feedyards current, but questions still loom over this 
market depending on May and June beef demand, slaughter levels and carcass 
weights.  Last Friday’s Cold Storage Report also reflected some positive news 
with total red meat supplies in freezers down 3 percent from last month and down 
6 percent from last year.  March total beef supplies came in at 467 million lbs 
3 percent lower than year ago levels and 5 percent lower than last month.  Total 
pork supplies were at 614 million lbs, 8.7 percent lower than a year ago and 2.4 
percent lower than last month.  Boxed-beef values have slumped this week feeling 
the weight of heavy increased slaughter levels the last two weeks.  Choice 
boxed-beef closed Thursday at 212.50 down 2.31 compared to last Friday’s close 
of 220.31.    


Live Sales:
Slaughter steers and heifers: 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:   

(Grid) Grade and Weight Carcass: late last Friday five loads 80 percent choice 
209.00.  Trade this week four loads 80 percent choice 197.00. 
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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