Jefferson City, MO   Friday, August 09, 2024   MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle

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

These prices acquired from Missouri producers, Trading as of this Friday
morning August 02, Flat dressed sales 5.00-8.00 lower from 302.00-305.00
with Grid dressed sales inactive.  CME Cattle futures have remained under
pressure for most of the week as weakness around the equity markets has
been too overwhelming for the cattle futures to hold any rallies.  Sales
in the Southern Plains have traded mostly 1.00-2.00 lower with bulk of
the trade at 186.00-187.00, the Northern Plains trading at mostly 193.00,
3.00 lower with dressed sales mostly 5.00 lower at 305.00.  Again this
week slaughter levels look to be under 600,000.  Slaughter levels below
600,000 are reducing supplies of beef in the pipeline which is helping to
slow down the boxed-beef cut-out values.   Choice Boxed-Beef with smaller
slaughter for the 4th week in a row has slowed cut-out values as on
Thursday Choice closed 1.73 lower at 312.12 with Select down .80 cents at
298.03 with the Choice-Select spread narrowing to 14.09 compared to last
Thursday’s close with Choice at 312.79 and Select at 297.46.  Slaughter
Cattle under Federal inspection on Thursday was at 484,000, last week
474,000 and last year 493,000.  The hide and offal value from a typical
slaughter steer on Thursday was estimated at 11.50 per cwt live, up .06
cents when compared to Wednesday’s value.

Live Sales:
Slaughter steers and heifers: (over 90 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

Steers and Heifers (80 percent Choice)  5 loads Flat Wednesday at
305.00, 2 loads Flat Thursday at 303.00, 1 load Flat late Thursday 302.00.

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

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