Jefferson City, MO- Friday Dec 03, 2021 MO Dept of Ag-USDA Market News
Missouri Weekly Direct Slaughter Cattle
Week to date: 400 Last week: 240 Last Year: 280
These prices acquired from Missouri producers)
Trading as of this Friday morning December 3, remains light with
Flat dressed sales trading 7.00 higher at 220.00 and Grid dressed sales
8.00 higher at 226.00. Live cattle futures have tumbled and have been
hesitant to follow the cash advance. But, offering prices have held firm
and producers have prevailed this week as packers have had to pay up to
obtain inventory as tighter market ready fed cattle and good weekly
slaughter levels have pushed prices higher, mostly 2.00 higher at 142.00
this week in the Southern and Northern Plains. Dressed sales in Nebraska
are mostly 3.00 higher at 220.00. Producers have been playing defense
for so long, that they now sense a change in leverage. Slaughter Cattle
under Federal Inspection on Thursday was at 488,000, last week 366,000
and last year 479,000. Boxed-beef prices closed higher on Thursday but
retail prices are feeling pressure. Choice boxed-beef prices on Thursday
closed 1.80 higher at 272.02 with Select .28 cents higher at 258.25 with
a Choice-Select spread at 13.77; compared to last Wednesday’s close with
Choice at 279.11 and Select at 263.47. The hide and offal value from a
typical slaughter steer on Thursday was estimated at 14.39 per cwt live,
down .34 cents 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) 4 Loads Thursday Flat 220.00
(Grid Sales) Grade and Weight Carcass (over 80 percent Choice) 6
Loads Friday morning 226.00.
(
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter