Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Oct 12, 2018  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 10-12-2018)

Confirmed Sales:

  Week to date: 440      Last week: 840        Last Year: 280
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains 
light to inactive with most producers passing or waiting for higher bids 
this week.  Flat dressed prices are steady with last week, with dressed 
grid prices mostly 2.00 lower.  Packers have been aggressive in 
purchasing fed cattle out front many for 2-4 weeks deliveries which plays 
to the packer�s side.  Feed yards continue to sell cattle willingly and 
with heavy rains throughout the Southern and Northern Plains as well as 
the Midwest mud could be an additional motivator to sell fats.  This week 
is looking to be another week of near steady prices as midweek live sales 
in the North and South have been mostly at 111.00.  The stock market took 
a gut punch on Wednesday dropping over 800 points with fears of interest 
rate hikes, slowing global growth, rising bond yields and trade tensions 
all seemed to come to a head on Wednesday.  Most agriculture commodities 
sold off before recovering on Thursday, but the Stock Market continued in 
sell-off mode closing over 500 points lower on Thursday.  Boxed-beef 
continues trading in a sideways pattern with Choice on Thursday closing 
.40 cents higher at 202.51 and Select closing .72 cents higher at 192.49 
compared to last Friday�s close with Choice at 203.25 and Select at 
191.74.  The hide and offal value from a typical slaughter steer on 
Thursday was estimated at 9.06 per cwt live, down .03 cents when compared 
to Wednesday�s value.       .

Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)  2 pot loads 
Thursday 112.00.    

(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) 7 pot loads Wednesday 174.00 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  2 pot loads 
Thursday 176.00.     

Source:  MO Dept of Ag-USDA Market News Service, Mexico, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244

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