Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri May 27, 2016     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 05-27-2016)

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

( These prices acquired from Missouri producers )

  Trading from late last Friday through Friday morning of this week remains 
inactive as bids have trended lower with producers passing most bids.  Last 
week’s Cattle on Feed report was viewed as bearish as most analyst missed 
placements by 7 percent with USDA coming in at 107 percent.  CME cattle futures 
opened the week with sharp losses before gaining ground on Wednesday.  Cattle 
futures and the cattle markets for the most part keep anticipating the worse as 
any good news in the cattle complex seems to be magnified by the negative side.  
The positive side is seeing larger than expected kills over the last several 
weeks and with last week coming in at 587K, 17,000 more than a year ago.  With 
large volumes of slaughter cattle being pulled forward this should improve 
currentness in the feedyards and hopefully limit or soften the breaks going into 
summer.  Slaughter weights are also dropping and falling under year ago levels 
along with improving export sales.  Cold Storage Report was issued Monday with 
total red meat supplies in freezers up slightly from last month, but 8 percent 
lower than last year.  Total lbs of beef in freezers were down 3 percent from 
last month and down 7 percent from last year at 452,347 million lbs.  Frozen 
pork supplies were up 4 percent from last month, but 9 percent lower than last 
year at 635,424 million lbs.  Boxed-beef prices are declining this week as 
expected as retailers have bought enough products going into Memorial Day 
weekend.  Expectations are high for a good weekend of beef retail movement and 
restocking the shelves for next week should be as well.  Choice cut-outs closed
Thursday .85 cents lower at 222.72 compared to last Friday’s close at 225.96.  

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:  

(Grid) Grade and Weight Carcass:  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

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