Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri July 12, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 07-12-2019)

Confirmed Sales:

  Week to date: 240      Last week: 280      Last Year: 240
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
with dressed grid sales trading mostly 1.00-4.00 higher from 184.00-
186.00.  So far this week fed cattle trade has been quiet, as it appears 
the packer needs inventory and the fed cattle market is bracing for a 
higher market.  Market ready fed cattle supplies in the Northern Plains 
are very current and for the time being will remain that way while the 
Southern Plains will more than likely remain at a discount because of 
large numbers of cattle on feed.  Sharp triple-digit gains were seen 
throughout the CME complex trade on Tuesday as traders quickly and 
aggressively moved back into the market.  Market support has been 
building on increased trade that has returned since the 4th of July 
Holiday.  Boxed-beef prices ended last Friday on a down note and have 
continued on a decline are showing the beginning of seasonal weakness 
that usually occurs in the dog days of summer.  Choice boxed-beef on 
Thursday closed .65 lower at 213.77 and Select .103 cents lower at 190.79 
compared to last Friday�s close with Choice at 217.67 and Select at 
194.80.  The hide and offal value from a typical slaughter steer on 
Thursday was estimated at 8.55 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)    

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  2 loads late 
last Friday 185.00, 1 load Thursday 184.00, 3 Loads Friday morning 
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