Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Aug 26, 2016     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 08-26-2016)

Confirmed Sales:
  Week to date:  120    Last Week:  120    Last Year:  0

( These prices acquired from Missouri producers )

   Trading from late last Friday through Friday morning of this week, remains 
light as bids have trended lower over the last two weeks as packers have 
procured enough to start lowering bids.  Cattle futures since last week have 
continued to erode quietly most days.  The negotiated cash trade has found the 
cattle feeder wanting to hold out waiting to see if bids would improve, but his 
reward each of the last two weeks has been lower bids.  Boxed-beef values have 
had no bounce upward the last couple of weeks as volume have slowed.  The packer 
has found weekly slaughter levels large and keeps adding more beef to an already 
large supply.  The Cold Storage Report was released on Monday and showed total 
red meat supplies in freezers up 3 percent from last month at 469,253 million 
lbs, compared to 456,533 million lbs and 460,093 million lbs from last year.  
With cold storage stocks increasing in inventories and ample supplies of pork 
and chicken this fall is seen as a negative for the entire meat complex.  Steer 
weights have also increased as many producers have passed bids and seasonally 
they increase as feedlots have placed heavier yearlings on feed  and with 
cheaper corn they will also come out heavier to kill.  Choice boxed-beef closed 
Thursday .04 cents higher at 200.36 with Select closing .42 cents higher at 
194.15 compared to last Friday’s close of 200.07 for choice and 193.60 for 
Select. 

Live Sales: 
Slaughter steers and heifers: 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: (60-80 percent Choice)  no sales   

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 3 loads 183.00-185.00   

  
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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