Direct Slaughter Cattle - Mexico, Missouri
JC_LS135 
Jefferson City, MO    Fri Oct 04, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 10-04-2019)

Confirmed Sales:

  Week to date:  160   Last week: 1040      Last Year: 360
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
remains mostly at a standstill with a few grid sales trading 2.00-3.00 
higher at 170.00, with most producers asking for higher bids.  CME cattle 
futures early in the week were in correction mode, but found solid 
support on Wednesday.  The cash rally in cattle prices over the last 
couple of weeks probably has a lot to do with sizable packer margins.  
With these excessive margins they have the capability to keep slaughter 
levels lofty and move prices higher if they choose.  Packers came out 
with stronger bids on Thursday in Texas with live prices 3.00 higher at 
106.00, with trade yet to take place in the Northern Plains.  Cattle 
feeders should feel more bullish as the market gains some momentum as the 
cash market attempts to get back to pre-fire levels.  Box beef values 
are attempting to stabilize as they carve out a low.  Retailers continue 
to give beef a good run for the consumer�s dollar as pork and chicken are 
finding good features.  Choice boxed-beef closed Thursday .91 cents lower 
at 212.06 with Select 1.31 higher at 187.21 with a Choice-Select spread 
of 24.85, compared to last Friday�s close with Choice at 212.58 and 
Select at 189.86.  The hide and offal value from a typical slaughter 
steer on Thursday was estimated at 8.95 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 Friday 
Morning 170.00.    
  
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
         www.ams.usda.gov/mnreports/JC_LS135.txt