Jefferson City, MO Friday July 26, 2024 MO Dept of Ag-USDA Market News
Missouri Weekly Direct Slaughter Cattle
Week to date: 200 Last 320 Last Year 320
These prices acquired from Missouri producers, Trading as of this Friday
morning July 26, Flat dressed sales early week 2.00 lower at 308.00 with
Grid dressed sales inactive. A sharply lower slaughter of 584,000 last
week has not jump started Boxed-Beef values as slow summer demand for
beef is being tested. Again this week slaughter levels look to be under
600,000. Packers were hoping to buy cattle lower this week but finding
themselves short bought and are squeezed into paying higher prices this
week as trade has turned mostly 2.00 higher in the Southern Plains at
190.00 on Thursday. Northern Plains trade has been light. Steer carcass
weights for week of July 13 were at 956 lbs, declined 1 lb from previous
week and 22 lbs above year ago levels. Choice Boxed-Beef with smaller
slaughter for the 2nd week in a row has slowed cut-out values as on
Thursday Choice closed .22 cents lower at 312.46 with Select up 1.15 at
295.11 with the Choice-Select spread at 17.35 compared to last Friday’s
close with Choice at 313.83 and Select at 298.80. Slaughter Cattle under
Federal inspection on Thursday was at 480,000, last week 475,000 and last
year 496,000. The hide and offal value from a typical slaughter steer on
Thursday was estimated at 11.50 per cwt live, down .07 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 308.00.
Grid Dressed Sales: (over 80 percent Choice) No Sales
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter