Missouri Weekly Direct Slaughter Report

Jefferson City, MO    Fri July 10, 2020  MO Dept of Ag-USDA Market News

 

Missouri Weekly Direct Slaughter Cattle (week end 07-10-2020) 

Confirmed Sales:

 

  Week to date: 360     Last week: 480     Last Year: 280

 These prices acquired from Missouri producers )

 

     Trading from late last Friday through Thursday morning of this week

remains light with Flat dressed sales 4.00 higher at 157.00, and Grid

dreseed sales 2.00-4.00 higher at 159.00.  Cash cattle trade this week in

the Southern Plains has been mostly steady ranging mostly from 94.00-

96.00 with the Northern Plains on Tuesday trading live cattle at 99.00-

100.00, and dressed prices from 157.00-158.00.  Choice boxed-beef prices

are staying above the 200.00 level as packers are willing this week to

pay steady money in most areas this week.  Seems many are optimistic and

ignoring bearish fundamentals despite large supplies of fed cattle, along

with domestic demand, and a cloudy economy as there still remains many

unknowns as we struggle with covid-19 and its challenges.  Estimated

Daily Livestock Slaughter under Federal Inspection on Thursday for cattle

week to date was at 474,000, compared to 484,000 last Thursday and

476,000 last year.  Choice boxed-beef prices on Thursday closed at 203.59

down .24 cents with Select closing at 194.83 down .69 cents with a

Choice-Select spread of 8.67, compared to last Wednesday’s close with

Choice at 205.38 and Select at 198.43.  The hide and offal value from a

typical slaughter steer on Thursday was estimated at 6.81 per cwt live,

unchanged when compared to Tuesday’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) 6 Loads Tuesday and Wednesday

Flat 157.00.  

 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  3 Loads

Wednesday 159.00.