Direct Slaughter Cattle - Mexico, Missouri
USDA - Fri Apr 13, 10:27AM CDT
0JC_LS135  
Jefferson City, MO    Fri April 13, 2018     Mo Dept of Ag-USDA Market 
News

Missouri Weekly Direct Slaughter Cattle (week end 04-13-2018)

Confirmed Sales:

  Week to date: 80        Last week: 200        Last Year: 120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains mostly light with grid dressed sales trading mostly 
2.00 higher than last week at 195.00.  After all of last week�s drama in 
the markets with large swings up and down this week has been much more 
tranquil.  Negotiated cash trade on Wednesday was mostly steady in the 
Southern Plains at 117.00-118.00.  Northern Plains numbers suggest 
supplies are tight enough to keep packers competing for cattle.  It seems 
the rapid decline in fed cattle prices got a reprieve this week, wither 
its temporary or not will have to wait and see.  Packers needed inventory 
this week, CME cattle futures calmed down and broke out on Thursday with 
sharp gains, trade wars with China have calmed down somewhat as news this 
week has a better feel to it than last week as prices have stabilized.  
Packers have bought a lot of cattle out front, but still need to have 
cattle for this week and next, as the desire to increase cattle slaughter 
in the coming weeks will increase weekly slaughter numbers above recent 
week�s levels.  This week�s level is expected to be well above 600,000.  
Boxed-beef values have been moving lower as the fed cattle market has 
moved lower, but a change in cash prices, higher futures or demand could 
easily stop the declines temporarily before seasonal demand picks up as 
we go into May.  Choice boxed-beef closed Thursday .59 cents lower at 
212.48 with Select .06 cents higher at 200.67 compared to last Friday�s 
close with Choice at 214.31 and select at 205.60.  The hide and offal 
value from a typical slaughter steer on Thursday was estimated at 9.73 
per cwt live down .07 cents when compared to Wednesday�s value.   


Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)      

(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) 

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 2 loads on 
Thursday 195.00,      

  
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
         www.ams.usda.gov/mnreports/JC_LS135.txt

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