Jefferson City, MO- Friday October 04, 2024 MO Dept of Ag-USDA Market
News
Missouri Weekly Direct Slaughter Cattle
Week to date: 240 Last Week: 560 Last Year 320
These prices acquired from Missouri producers, Trading as of this Friday
morning October 04, Flat dressed sales are 2.00-4.00 higher at 296.00 and
dressed grid sales are inactive as producers are waiting for higher bids.
So far this Friday morning trade volume on negotiated sales has been very
light with only a few light sales reported but at higher money as the
bulk of the trade waits to develop on Friday. Cattle futures had a good
two day run up of near 400 points before Thursday’s sell-off. Boxed-beef
values remain hovering around the 300.00 dollar mark for Choice as we
enter the time of year when beef demand is seasonally lower, as roast
becomes more popular in adds. Choice boxed-beef on Thursday closed .01
cent lower at 299.80 with Select .64 cents lower at 283.29 with the
Choice-Select spread widening to 16.51 compared to last Friday’s close
with Choice at 296.69 and Select at 282.08. Slaughter Cattle under
Federal inspection on Thursday was at 491,000, last week 487,000 and last
year 499,000. The hide and offal value from a typical slaughter steer on
Thursday was estimated at 11.30 per cwt live, unchanged 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) load late last Friday after
3:00 PM 294.00 Flat; 5 loads Friday noon 296.00 Flat.
Grid Dressed Sales: (over 80 percent Choice) No Sales
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter