Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Dec 08, 2017     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 12-08-2017)

Confirmed Sales:

  Week to date:  40    Last Week:  240    Last Year:  120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains light to inactive with producers passing lower bids this 
week.  Market psychology has turned bearish and heading south as CME cattle 
futures are having a hard time finding any bullish news, let alone neutral to 
say about the market this week.  Fed cattle trade this week is 3.00-4.00 lower 
from mostly 117.00-118.00 in the Southern and Northern Plains.  Fund liquidation 
has been underway in the futures market adding pressure as last week’s fed 
cattle sales could very well be the last rally of the year.  Last week saw a 
monster size weekly slaughter of 649,000 head the largest of the year and 
expecting near 630,000 for this week.  Packer margins have tightened as boxed-
beef values have declined this week.  Last week’s huge kill will likely increase 
downward pressure on the cut-out value.  Thursday choice boxed-beef closed 1.32 
lower at 205.08 and Select .28 cents lower at 183.83 compared to last Friday’s 
close with choice at 205.99 and Select at 183.61.  The hide and offal value from 
a typical slaughter steer on Thursday was estimated at 10.62 per cwt live, up 
.01 cent when compared to Wednesday’s value.

Live Sales: 
Slaughter steers and heifers: (over 80 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 (Weight only)      
   Steers and Heifers: (80 percent Choice)  No sales  

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 1 load 192.00    

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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