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 |