Jefferson City, MO- Friday May 03, 2024 MO Dept of Ag-USDA Market
News
Missouri Weekly Direct Slaughter Cattle
Week to date: 320 Last week 280 Last Year 360
These prices acquired from Missouri producers, Trading as of this Friday
morning May 3, Flat dressed sales are 2.00 higher at 294.00. Grid
dressed sales traded at 298.00 which are 4.00 higher than last sales
reported from 2 weeks ago. Despite some strong headwinds fed cattle
prices have traded higher this week starting in the Northern Plains at
mostly 186.00-187.00 with a few at 188.00 mostly 2.00-3.00 higher and
dressed sales at 295.00. In the Southern Plains trade so far has been
light. CME cattle futures were mostly negative this week until
Thursday’s turn around with solid corrections and with the bird flu news
that keeps being a burden along with the testing of ground beef which so
far has been negative cash prices defied negative news and traded higher.
Hopefully with a new month upon us and warmer weather for grilling will
improve and breathe some new life into the retail meat sales. Boxed-beef
continues to be on the sluggish side closing .64 cents lower on Thursday
at 292.90 with Select down .09 cents at 287.98 with the Choice-Select
spread narrowing to 4.92 compared to last Fridays close with Choice at
297.14 and Select at 288.72. Slaughter Cattle under Federal Inspection
on Thursday was at 480,000, last week 488,000 and last year 494,000. The
hide and offal value from a typical slaughter steer on Thursday was
estimated at 11.34 per cwt live, down .08 cents 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
Steers and Heifers (80 percent Choice) 5 loads Wednesday Flat at
294.00.
Grid Dressed Sales: (over 80 percent Choice) 3 loads Thursday 298.00
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter