Jefferson City, MO    Fri Jul 20, 2018    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 07-20-2018)

Confirmed Sales:

  Week to date:  0    Last week:  0    Last Year:  120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains 
inactive as packers and feedlots are in a standoff with producers passing 
bids.  Cattle industry is also awaiting the Cattle on Feed Report and 
USDA’s July Cattle Inventory report both set to be released Friday 
afternoon.  This week’s fed cattle market has a positive outlook to it as 
packers look to be short bought after last week.  CME cattle futures came 
to life on Wednesday with sharp gains and closed with slight gains on 
Thursday.  Last week’s small negotiated trade of 55K has many in the 
industry believing that packers will need to replenish their supplies 
after burning through inventory last week and successfully buying cattle 
mostly 2.00 lower.  Packers have fewer contracted cattle for July than 
previous months and packers seem to be looking at the downhill side of 
large fed cattle supplies.  Demand continues to be very good with boxed-
beef values holding their own this week as Choice on Thursday closed .31 
cents lower at 204.49 and Select down .17 cents at 196.92 compared to 
last Friday’s close with Choice at 204.14 and Select at 196.37.  The hide 
and offal value from a typical slaughter steer was estimated at 9.17 per 
cwt live, down .03 cents when compared to Wednesday’s value.     

Live Sales: 
Slaughter steers and heifers: (over 80 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: (80 percent Choice) No Sales  

(Grid) Grade and Weight Carcass: (over 80 percent Choice) No Sales  

  
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