Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Feb 16, 2018     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 02-16-2018)

Confirmed Sales:

  Week to date: 80        Last week: 80         Last Year: 120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains light with most producers passing bids at this time; 
with a few late last Friday Dressed Grid sales to report at 202.00.  
Cattle futures have had a strong week and Thursday’s solid gains in the 
cattle futures well strengthen feedlot manager’s position as cash trade 
seems to have good momentum going into Friday.  Packers appear to need 
cattle as they will try to keep the lid on any price advance to a 
minimum.  This could be a wait and see what happens to the cattle futures 
on Friday to see if futures sell off.  Also, remembering last week’s 
success as they bought cattle at mostly 126.00 late Friday evening when 
127.00-128.00 seemed very possible and within reach. Boxed-beef values 
seem to be heading higher this week as seasonal cut-out demand improves 
as February begins to close out.  Choice boxed-beef on Thursday closed 
1.23 higher at 209.04 with Select 1.63 higher at 205.14 compared to last 
Friday’s close with Choice at 206.52 and Select at 202.74.  The hide and 
offal value from a typical slaughter steer on Thursday was estimated at 
10.19 per cwt live down .12 cents 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)  late last 
Friday 2 loads 202.00.  

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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