Jefferson City, MO    Fri Aug 11, 2017     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 08-11-2017)

Confirmed Sales:

  Week to date: 280       Last week: 380      Last Year: 120

( These prices acquired from Missouri producers )

   Trading from last Friday through Friday morning of this week remains light  
this week with grid dressed prices 5.00 lower at 186.00. CME cattle futures this 
week took a nose dive losing open interest as money managers liquidated long 
positions as the flow of managed money sure seems to override cattle 
fundamentals.  Packers took advantage and bought cattle cheaper this week as 
live sales traded mostly 2.00-3.00 lower at 115.00-116.00.  This week’s 
slaughter will probably be the biggest so far this year expecting 640K to 645K 
with large levels scheduled between now and Labor Day.  Retail beef features 
have been excellent with plenty of volume at hand, given consumers plenty of 
product at attractive prices to choose from.  Retailers should be inspired to 
keep beef features on the front page of adds.  Boxed-beef has traded lower but 
should find downside limited risk as volume should be plentiful.  Choice boxed-
beef closed Thursday 1.03 lower at 200.63 with Select .42 cents lower at 196.19 
compared to last Friday’s close with Choice at 203.61 and select at 197.31.  The 
hide and offal value from a typical slaughter steer on Thursday was estimated at 
10.84 per cwt live, .04 cents lower than Wednesday’s value.  


Live Sales: 
Slaughter steers and heifers: (80 percent Choice)  late last Friday 2 loads 
117.00-118.00.  

(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) no sales  

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  5 Loads 186.00.   

  
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