Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Apr 20, 2018     Mo Dept of Ag-USDA Market 

Missouri Weekly Direct Slaughter Cattle (week end 04-20-2018)

Confirmed Sales:

  Week to date:  560    Last week:  80    Last Year: 600
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains mostly light to moderate with grid dressed sales 
trading 3.00-8.00 higher than last week at 198.00.  Southern Plains on 
Thursday traded fat cattle from 121.00-122.00 mostly 2.00-4.00 higher 
than last week, with Northern Plains still waiting to trade.  Immediate 
supplies of market ready cattle especially in the Northern Plains have 
helped to keep packers competing for cattle.  Heavy supplies just haven’t 
showed up as fast as expected with spring snow storms over the Northern 
Plains.  There still remains the fear of growing supplies in the pipeline 
which has the CME cattle futures showing signs of weakness more in 
response to the anticipated supply increase.  Time it seems in not on the 
side of the cattle feeder.  Larger kills are on the way, last week’s 
volume was not as high as expected due to the snow storm in the Northern 
Plains.  This week’s kill is expected to be near 620K.  Boxed-beef sales 
last week were the largest of 2018 with over 1100 loads for the next 20-
60 days as out front sales days surged as beef demand improves with the 
month of May on the way.  Spring has been delayed, but we are entering a 
period of warmer weather, increase foodservice and retail demand as warm 
weather incites consumers to venture out and dust off the grills with 
Mother’s Day, graduations, Father’s Day and Memorial weekend around the 
corner.  Choice boxed-beef closed Thursday at 211.34 down .30 cents and 
Select down .09 cents at 198.48 compared to last Friday’s close with 
Choice at 212.61 and Select at 199.91.  The hide and offal value from a 
typical slaughter steer on Thursday was estimated at 9.77 per cwt live, 
up .01 cent when compared to Wednesday’s value.   

Live Sales: 
Slaughter steers and heifers: (over 80 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 (Weight only)      
   Steers and Heifers: (80 percent Choice) 

(Grid) Grade and Weight Carcass: (over 80 percent Choice) late last 
Friday 6 loads 190.00; Thursday 8 loads 198.00.      

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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