Jefferson City, MO- Friday March 22, 2024 MO Dept of Ag-USDA Market
News
Missouri Weekly Direct Slaughter Cattle
Week to date: 280 Last week 280 Last Year 320
These prices acquired from Missouri producers, Trading as of this Friday
morning March 22, Flat dressed sales mostly 6.00 higher at 300.00, one
load 302.00, Grid Dress sales are inactive. Negotiated cash trade this
week has been higher with the Southern Plains mostly 2.00 higher on
Thursday trading at 188.00 and the Northern Plains and Western Corn belt
trading at mostly 190.00 with a few sales up to 191.00, mostly 2.00-3.00
higher and dressed sales at 302.00. Cattle owners will attempt to
leverage their positions with declining fed cattle numbers to their
advantage as packers still will manage margins the best they can through
slaughter levels with this week estimating 595-600,000. Last week’s
slaughter reached 601,000 after three weeks in a row of sub-600,000
level. Week ending March 9, had steer carcass weights increasing 3 lbs
from the prior week at 922 lbs. Boxed-beef prices continue to grind
higher as slaughter cuts by packers keeps beef production restricted.
Lower production keeps cut-out prices elevated and not a result of higher
demand. Choice boxed-beef on Thursday closed .29 cents higher at 313.73
with Select closing 1.02 higher at 303.73 with the Choice-Select spread
at 10.00 compared to last Friday’s close with Choice at 311.90 and Select
at 302.60. Slaughter Cattle under Federal Inspection on Thursday was at
475,000, last week 473,000 and last year 504,000. The hide and offal
value from a typical slaughter steer on Thursday was estimated at 11.82
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
Steers and Heifers (80 percent Choice) 6 loads Flat Thursday morning
300.00, 1 load Thursday afternoon 302.00.
Grid Dressed Sales: (over 80 percent Choice) No sales
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter