Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Jan 13, 2017     MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 01-13-2017)


Confirmed Sales:
  Week to date:  80    Last week:  160    Last Year:  120

( These prices acquired from Missouri producers )

   Trading from last Friday through Friday morning of this week remains light
in Missouri with dressed prices trending steady with last week at 191.00 on a
dressed grid basis.  Live Cattle futures this week have had bullish price
action till Thursday of this week.  Funds have flowed into the CME Cattle
Futures this week with good volume and open interest, but finally meeting some
resistance on Thursday with triple digit losses.  The Fed Cattle Exchange on
Wednesday sold fed cattle at mostly 119.00 with several sales at 120.00 mostly
2.00-3.00 higher than last week.  Depending on packer needs and CME cattle
futures it maybe be hard to hold gains for negotiated cash sales this week.
Since the holidays boxed-beef has taken a beat down dropping near 10.00 since
last Friday.  Heavy production volume over the holidays with slow volume sales
last week has at this time given packers plenty of beef to sell.  This is also
seeing packer margins getting squeezed and the packer will definitely want to
protect his margins. This should also give retailers a good reason to stay in
the market and feature beef at the meat counters.  There has been plenty of
good fundamental news in the market with large kills, good demand, front end
currentness, good export trade and good domestic demand.  US red meat exports
built momentum in November with exports exceeding year ago levels by more than
20 percent in volume. Choice boxed-beef closed Thursday .29 cents lower at
189.10 with Select down 1.40 at 186.55 compared to Last Friday’s close with
Choice at 198.81 and Select at 193.22.    

Live Sales: NO Sales
Slaughter steers and heifers: (90 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: (60-80 percent Choice)  No Sales  

(Grid) Grade and Weight Carcass: (over 80 percent Choice)   2 loads 191.00.

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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