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

Missouri Weekly Direct Slaughter Cattle (week end 01-12-2018)

Confirmed Sales:

  Week to date: 0        Last week: 600         Last Year: 80
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains inactive as producers are passing lower bids this 
week.  Last Friday the packers received a gift from the CME cattle 
futures as fund managers came out selling aggressively when cattle 
futures opened.  The thought of higher cash prices quickly faded as 
cattle traded lower.  Then a surprise move on Monday saw fed cattle trade 
with live prices at 120.00 mostly 2.00 lower than last week, with trade  
continuing over the next couple of days with the idea cattle futures were 
heading lower.  Cash trade is pretty much following the lower futures as 
basis controls hedgers.  There does seem to be a fear of what is to come 
in the way of supplies of fed cattle.  Forecasters and COF reports show 
exceeding year ago levels.  Dry conditions in the Southern Plains are 
pushing more cattle into feedyards and off played-out wheat pastures.  
Boxed-beef values continue to hold very well this week and could be 
getting top heavy, but are helping packer margins.  Beef demand remains 
very important as more cattle are slaughtered the more current the beef 
complex will need to be.  Thursday Choice closed  .99 cents lower at 
209.07 with Select .28 cents lower at 202.95 compared to last Friday�s 
close with Choice at 209.51 and Select at 202.32.  The hide and offal 
value from a typical slaughter steer on Thursday was estimated at 10.86 
per cwt live, .14 cents higher compared to Wednesday�s close.    

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) No Sales 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  No Sales   

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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