Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri July 05, 2019  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 07-05-2019)

Confirmed Sales:

  Week to date: 280      Last week: 0      Last Year: 240
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
with dressed grid sales trading steady to 2.00 higher.  Feedlot trade on 
Wednesday in the Southern Plains started out at 109.00, steady with last 
week with trade ibn the Northern Plains later in the day had live sales 
from 111.00-113.00 steady to 1.50 higher than last week.  This is 4th of 
July Holiday week and we have boxed-beef prices higher than a year ago, 
this despite larger production than a year ago.  Last year during the 
week of the 4th boxed-beef values was trading between 208.00-209.00.  
Boxed-beef values on Wednesday were lower but seasonal weakness has been 
slow in coming as Choice is trading in the 219.00-220.00 range.  A good 
clearance this week could help hold the cut-out value together.  July is 
National Hot Dog month (estimates of 150 million consumed on the 4th 
alone) and noted for being a hamburger month, but beef demand remains 
good with beef features in the retail columns still leading the way.  As 
we start the mid-year range and pasture conditions are rated 69 percent 
good to excellent.  The availability of grass will spread cattle out 
coming off grass as the incentive to use grass as long as producers can 
with uncertainty in corn prices.  Corn had a big up day on Wednesday and 
will continue to be volatile as this year�s corn crop will be debated 
until the fate of the corn crop is known.  Choice boxed-beef on Wednesday 
closed 1.22 lower at 219.25 and Select .63 cents lower at 195.36 compared 
to last Friday�s close with Choice at 219.82 and Select at 199.55.  The 
hide and offal value from a typical slaughter steer on Wednesday was 
estimated at 8.48 per cwt live unchanged when compared to Tuesday�s 
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) 1 Load late last Friday Flat 
at 178.00.   

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  2 loads late 
last Friday 180.00, load Wednesday 180.00, load late Wednesday 182.00, 2 
loads Friday morning 181.00.       
Source:  MO Dept of Ag-USDA Market News Service, Perry, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244