Jefferson City, MO- Friday January 10, 2025 MO Dept of Ag-USDA Market
News
Missouri Weekly Direct Slaughter Cattle
Week to date: 120 Last Week: 320 Last Year 360
These prices acquired from Missouri producers, Trading as of this Friday
morning January 10, light trade this week with most producers passing
bids. Dressed sales are trading 8.00 higher at 320.00, with grid dressed
sales inactive as producers are passing bids. Last week ended with
substantial gains reaching all-time highs in the market for fed cattle as
in the Northern Plains prices ranged from 198.00-201.00 with this week’s
trade still taking place as prices have moved higher with sales in the
Southern Plains at mostly 200.00 live, 3.00-4.00 higher and in the
Northern Plains and Western Corn Belt live sales 3.00-5.00 higher from
203.00-205.00, and dressed sales 5.00 higher at 320.00. Packers are
needing cattle and cattle feeders have the leverage as they will continue
to feed cattle for extended days and feel no urgency to sell cattle.
Comprehensive carcass weights the weighted average for both steers and
heifers this week at 923 lbs, 7 lbs lighter from the previous week and 24
lbs above last year. With the first winter storm of the year coming over
the Plains and Mid-West colder and wetter conditions more than likely
will take some pounds off fed cattle in the feed yards. The packer’s
only defense is to manage slaughter levels to keep box beef cutout values
elevated. Choice boxed beef still showing strength but looks top heavy
on Thursday closed 2.17 higher at 330.78 with Select closing 1.46 higher
308.35 with the Choice-Select spread narrowing to 22.43 compared to last
Friday’s close with Choice at 325.24 and Select at 296.72. Slaughter
Cattle under Federal inspection on Thursday was at 479,000, last week
350,000 and last year 423,000. The hide and offal value from a typical
slaughter steer on Thursday was estimated at 11.40 per cwt live, down .01
cent 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) Thursday 3 loads Flat 320.00.
Grid Dressed Sales: (over 80 percent Choice) No Sales
Source: MO Dept of Ag-USDA Market News Service, Perry, MO
Greg Harrison, Market Reporter