Missouri Weekly Direct Slaughter Report

Jefferson City, MO    Fri April 03, 2020    MO Dept of Ag-USDA Market News

 

Missouri Weekly Direct Slaughter Cattle (week end 04-03-2020) 

Confirmed Sales:

  Week to date: 0     Last week: 760     Last Year: 160

 These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week remains inactive

as producers finding bids hard to come by with packers quiet at this time.  CME cattle

futures on Wednesday and Thursday pretty much got steam-rolled with limit losses

and then expanded limit moves down. A lot of drama is going on with fear of the unknown

with concerns in cattle futures and cash prices as headlines this week are very bearish with

health concerns, state shutdowns and reportedly some packing plants having labor issues. 

Reportedly packing plants are seeing some cases of reduced labor force and slowing

production as packers will have to make allowances for workers during this time. Overall it

seems that production is going as well as can be expected with this week’s slaughter estimated

to be near 645,000.  Wednesday live cattle prices in the Southern Plains traded mostly at 112.00,

6.00-8.00 lower and with dressed sales in Nebraska from 175.00 to mostly 180.00, 10.00-15.00

lower.  Boxed-beef prices are declining in chunks, going down about as fast as they came up,

dropping a little over 20.00 on Choice product from last Friday’s close to this Thursday’s close. 

With pipelines getting filled and panic buying pretty much calming down it appears that boxed-

beef will likely go back to levels it started from.  This is causing concern for demand and product

becoming backed-up over the near future. Thursday Choice boxed-beef closed 2.53 lower at 232.64

with Select 3.01 lower at 222.12 with a Choice-Select spread of 10.52.  Compared to last Friday’s close

had Choice at 252.84 and Select at 242.38.  The hide and offal value from a typical slaughter steer

on Thursday was estimated at 8.08 per cwt live, up.16 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 (Weight only)     

   Steers and Heifers: (80 percent Choice)  No sales

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

 

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