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.