Direct Slaughter Cattle - Mexico, Missouri
JC_LS135
Jefferson City, MO    Fri June 16 2017     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 06-16-2017)

Confirmed Sales:

  Week to date: 400       Last week: 460       Last Year: 160

( These prices acquired from Missouri producers )

   Trading from last Friday through Friday morning of this week remains light  
at this time as bids and asking prices are sharply lower this week, flat dressed 
sales are 10.00 lower at 210.00 this week.  CME cattle futures and fed cattle 
prices unraveled and turned into a soggy bottom this week starting Monday with 
sharp losses and continuing through the week.  On Tuesday live sales in Kansas 
traded 4.00-7.00 lower from 130.00-134.00, with a few live sales on Wednesday at 
128.00-130.00 in Kansas and Nebraska and a few dressed sales at 205.00-210.00.  
It seems like last week never happened and prices were a mirage as the market 
has reared its ugly head with futures and cash collapsing.  Only boxed-beef 
values have remained so far on solid ground but starting to see some slight 
erosion as packer margins have pushed to new highs.  If the cut-out starts it 
seasonal decline in prices as June goes along this will take bits out of margins 
for packers and packers will continue to get tough on the cattle feeder.  The 
heat of summer and increasing supplies has no doubt put a damper on the cattle 
market.  For several months now the packer has been pulling cattle forward to 
meet his needs now it seems long awaited increases are upon the industry.  
Packers now have leverage from formula contracts as negotiated trade takes a 
back seat.  Choice boxed-beef closed 1.29 lower on Thursday at 249.74 and Select 
.13 cents lower at 220.53 compared to last Friday�s close with Choice at 251.21 
and Select at 220.29.  The hide and offal value from a typical slaughter steer 
on Thursday was estimated at 11.60 per cwt live, unchanged from Wednesday�s 
value.
   

Live Sales: 
Slaughter steers and heifers: (60-80 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: (60-80 percent Choice) late last Friday 6 loads Flat 
220.00; 4 loads Flat on Tuesday 210.00.      

(Grid) Grade and Weight Carcass: (over 80 percent Choice) No sales                    

  
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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