Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Nov 09, 2018  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 11-09-2018)

Confirmed Sales:

  Week to date: 520      Last week: 280        Last Year: 200
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains 
light as trade waits to get underway with producers asking for higher 
prices.  Dressed flat sales are steady with last week. Since the start of 
November CME cattle futures have shown little interest in the last two 
weeks of higher fed cattle prices.  Cattle futures are caught in a 
bearish shift with funds on the selling side for the last couple of 
weeks.  It appears packers will need inventory this week after last 
week�s light kill of 624K.  This week�s kill is expected to be near 635-
640K.  But declining cattle futures and lower boxed-beef values will keep 
packers playing it close to the vest.  Bears in the market seem to 
believe that supplies will be heavy enough after the first of the year to 
keep prices in check and have CME cattle futures showing signs of 
weakness.  Boxed-beef rally has leveled off this week and possibly peaked 
as the pipeline seemed to be getting filled for the time being. Boxed-
beef has had a good run led by middle meats with strong support from the 
rib and loin cuts also from the brisket as end users have been gearing up 
for the holiday season.  USDA released its monthly crop report with corn 
production forecast at 14.6 billion bushel, down 1 percent from October 
forecast; yields are expected to average 178.9 bpa down 1.8 bpa from 
October but up 2.3 bpa from 2017.  If realized this will be the highest 
yield and second highest production on record.  Choice boxed-beef closed 
2.15 lower on Thursday at 216.50 with Select down 2.66 at 199.11 compared 
to last Friday�s close with Choice at 218.50 and Select at 201.47.  The 
hide and offal value from a typical slaughter steer on Thursday was 
estimated at 9.13 per cwt live up .03 cents when compared to Wednesday�s 

Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)  late last Friday 
2 loads 116.00 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)  late last Friday 2 loads 
180.00 Flat; Tuesday and Wednesday this week 8 loads 180.00 Flat.

(Grid) Grade and Weight Carcass: (over 80 percent Choice) late last 
Friday 1 Load 182.00;     

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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