Direct Slaughter Cattle - Mexico, Missouri
USDA - Fri Sep 06, 10:48AM CDT
Jefferson City, MO    Fri Sep 06, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 09-05-2019)

Confirmed Sales:

  Week to date: 160    Last week: 0      Last Year: 160
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light   
With many producers still passing lower bids, dressed grid sales trading 
10.00-12.00 lower than the last reported sales from 2 weeks ago, last 
week no sales were reported.  Given the Labor Day Holiday on Monday and 
the overall lower expected trade and lower slaughter levels packers are 
not expected to fill significant orders given the trade from the last 
three weeks.  With Tyson announcing that the Finney County plant will not 
reopen till January 2020, the bleak outlook for the fed cattle market has 
a reality of limited fed cattle space for the next four months and will 
definitely take its toll on fed cattle prices.  The fed cattle market has 
not been able to shake the bearish tone as spot month October remains 
under 100.00 per cwt closing at 97.67 on Thursday.  There remains much 
uncertainty in the fed cattle market and fed cattle prices are definitely 
feeling the pressure as growing market ready supplies of fed cattle will 
be felt.  On Wednesday Nebraska traded cattle at 103.00, mostly 3.00 
lower than last week and dressed sales at 165.00-167.00 mostly 4.00 lower 
and Kansas trading fed cattle at 100.00, 3.00 lower than last week.  The 
cut-out value has continued to decline but not as fast as expected this 
week�s kill is expected to be near 565,000.  Thursday choice boxed-beef 
closed 1.23 lower at 229.42 with Select closing 4.48 lower at 204.47 
with a choice-select spread of 24.95, compared to last Friday�s close 
with Choice at 231.77 and Select at 204.47.  The hide and offal value 
from a typical slaughter steer on Thursday was estimated at 9.18 per cwt 
live unchanged when compared to Wednesday�s value.  
Live Sales: 
Slaughter steers and heifers: (over 90 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)  4 Loads 
Thursday 165.00;    
Source:  MO Dept of Ag-USDA Market News Service, Perry, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244

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