Jefferson City, MO- Friday June 24, 2022 MO Dept of Ag-USDA Market
News
Missouri Weekly Direct Slaughter Cattle
Week to date: 280 Last week 320 Last Year: 360
These prices acquired from Missouri producers )
Trading as of this Friday morning June 24, trade is light to
moderate with Flat dressed sales mostly steady at 231.00 and Grid Dressed
2.00 higher at 240.00. Feedlot trade is seeing wide price spreads
between the North and the South creating large regional spreads;
for the most part this week in the Southern Plains traded mostly as of
Friday morning at 137.00 in Texas and Northern Plains ranging from
145.00-150.00. Dressed sales have ranged mostly from 234.00-238.00.
Boxed beef cut-out values are heading lower on seasonal decline and out
front sales slowing especially after the 4th of July. Consumers are
finding limited number of dollars left to spend will cause buying needs
to change, especially in the beef and protein market as consumers will
shift to lower priced items, will be significant drivers in the beef
movement. Choice Boxed-beef prices on Thursday closed 1.91 lower at
264.66 and Select 1.05 lower at 244.94 with a Choice-Select spread
narrowing to 19.72 compared to last Thursday’s close with Choice at
267.16 and Select at 245.38. Slaughter Cattle under Federal Inspection
on Thursday was at 498,000, last week 495,000 and last year 473,000. The
hide and offal value from a typical slaughter steer on Thursday was
estimated at 13.79 per cwt live, .02 cents lower when compared to
Wednesday’s value.
Live Sales:
Slaughter steers and heifers: (over 90 percent Choice)
(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) Three loads Flat 231.00
(Grid Sales) Grade and Weight Carcass (over 90 percent Choice) 4
Loads Thursday 240.00
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter