Missouri Weekly Direct Slaughter Report

Jefferson City, MO- Friday  April 12, 2024   MO Dept of Ag-USDA Market

News

Missouri Weekly Direct Slaughter Cattle   

Week to date: 320              Last week 80          Last Year 360

These prices acquired from Missouri producers, Trading as of this Friday

morning April 12, Trade remains light to moderate this week. Light trade

on Flat dressed sales mostly 4.00 lower at 293.00 with Grid Dress sales

are trading with a lower undertone with no recent comparisons or bids

from last week at 296.00.  Negotiated cash trade this week has been light

so far this week with lower prices and larger slaughter volumes for the

week.  Fed cattle market has pretty much had the deck stacked against it

with the bird flu, negative inflation report, along with live cattle

futures trading below cash.  This continues to see swings and volatility

in the futures as uncertainty in the markets is never good. In the

Southern plains light trade this week has been mostly 2.00 lower at

182.00 with light trade in the Northern Plains and Western Corn Belt at

184.00-185.00, 2.00 lower and a few dressed sales at mostly 293.00.

Cattle owners will continue to try and leverage their positions with

declining fed cattle numbers to their advantage as packers still will

manage margins the best they can through slaughter levels. This week

slaughter level is estimated to be near 600,000 to 605,000. Boxed-beef

prices have had swings up and down with Choice still below the 300.00

level.  Choice boxed-beef on Thursday closed .14 cents higher at 298.37

with Select closing .87 cents lower at 295.15 with the Choice-Select

spread narrowing to just 3.22 compared to last Friday’s close with Choice

at 297.17 and Select at 294.70.  Slaughter Cattle under Federal

Inspection on Thursday was at 482,000, last week 474,000 and last year

485,000.  The hide and offal value from a typical slaughter steer on

Thursday was estimated at 11.83 per cwt live, up .05 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

      

  Steers and Heifers (80 percent Choice)  5 loads Flat Thursday

afternoon 293.00.

  Grid Dressed Sales:  (over 80 percent Choice) 3 loads Thursday at

296.00.

Source:  MO Dept of Ag-USDA Market News Service, Perry, MO

        Greg Harrison, Market Reporter