Missouri Weekly Direct Slaughter Report

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