Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Dec 02, 2016     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 12-02-2016)

Confirmed Sales:
  Week to date: 440       Last week: 0      Last Year: 200

( These prices acquired from Missouri producers )

   Fed cattle prices again this week unfolded on Wednesday with sharply 
higher prices with most live prices trading from 115.00-115.50 in Southern and 
Northern Plains.  Trading from late last Friday through Friday morning of 
this week in Missouri, remains light with prices moving sharply higher with no 
sales last week.  This week live sales are trading from 112.00-113.00 FOB and 
Dressed Grid sales at 176.00-178.00.  Packers again this week pushed trade 
higher to secure inventory as the year draws to a close with all packers in the 
hunt to meet domestic and export demand.  Good beef retail features this time of 
year is helping consumers to choose between lots of cheaper meat proteins.
Large kills continue to drive packer demand as packer profitability continues 
and large weekly slaughter numbers since summer have hopefully resulted in some 
leverage for the cattle feeder.  Boxed-beef continues to push higher this week 
with seasonal strength as Choice closed Thursday .46 cents higher at 190.51 and 
Select.16 cents higher at 172.93 compared to last Friday’s close with Choice at 
187.64 and Select at 171.30.         

Live Sales: 
Slaughter steers and heifers: (80 percent Choice) 112.00-113.000 FOB      

(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: (60-80 percent Choice)  No Sales  

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  4 loads 176.00-178.00    

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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