Missouri Weekly Direct Slaughter Cattle

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Jefferson City, MO    Fri Oct 13, 2017     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 10-13-2017)

Confirmed Sales:

  Week to date: 280    Last week:  0    Last Year:  240
( These prices acquired from Missouri producers )

   Trading from last Friday through Friday morning of this week remains light  
this week with grid dressed sales trading higher at 178.00 with no sales last 
week to compare.  Live and Feeder Cattle futures have pushed higher this week, 
so there is anticipation of a higher fed cattle trade to see if packers will 
push the cash market higher.  Many cattle feeders passed last week’s bids, maybe 
sensing a shift in leverage coming their way as market momentum has shifted to 
the cattle feeder.  Packers will remain patient and wait and see until late week  
before raising bids to see what happens.  Wednesdays Fed Cattle Exchange 
reported no sales as bids were passed on near 1400 head.  On Thursday afternoon 
live sales in the Southern Plains traded 2.00 higher at 111.00 with trade in the 
Northern Plains at 111.50 and dressed sales at 175.00 as cattle futures closed 
with losses and the grain market found support.  Boxed-beef cut-out values have 
slowed this week and have come under some pressure eating into packer margins 
before closing with solid gains on Thursady.  Thursday Choice boxed-beef closed 
1.12 higher at 197.44 and Select .69 cents higher at 189.45 compared to last 
week’s close with Choice at 197.22 and select at 187.23.  The hide and offal 
value from a typical slaughter steer on Thursday was estimated at 10.29 cwt 
live, down .10 cents when compared to Wednesday’s value.     

Live Sales: 
Slaughter steers and heifers: (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  2 loads Flat 175.00  

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 5 loads late Thursday 
at 178.00.                      

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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