Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Sept 14, 2018    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 09-14-2018)

Confirmed Sales:

  Week to date: 480       Last week: 360        Last Year: 120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains 
light with most producers passing lower bids. Dressed grid sales are 
steady with last week at 170.00-172.00.  Packers still have plenty of 
leverage as supplies remain ample and so far this week are making no 
effort to increase bids at this time.  The tone of the fed cattle market 
last week seemed to be one of gradual improvement with very good beef 
demand from the consumer and exports.  No doubt, this year packers and 
retailers have benefited far more than the cattle feeder has, as we work 
through plentiful summer supplies.  Slaughter levels continue to clip 
along with near 650,000 expected for this week.  The box-beef cut-out 
continues to slip seasonally lower as it dropped sharply last week and 
continues to decline this week.  Looking at the post Labor Day retail 
landscape usually undergoes a transition from summer to cooler weather.  
While heat still lingers in many parts of the country beef items 
continues to hold onto their spot in the meat case and retail adds.  
Choice boxed-beef closed Thursday down .75 cents at 204.04 and Select 
down .03 cents at 197.24 compared to last Friday�s close with Choice at 
206.56 and select at 197.09.  The hide and offal value from a typical 
slaughter steer on Thursday was estimated at 9.22 per cwt live, unchanged 
from Wednesday�s value. 

Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)  late last Friday 
1 load 107.00 FOB      

(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)  2 loads late 
last Friday at 172.00;  9 loads Tuesday and Wednesday 170.00-172.00.   

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