Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Feb 09, 2018     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 02-09-2018)

Confirmed Sales:

  Week to date:  80    Last week:  520    Last Year:  120
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains light with most producers passing bids at this time.  
Dressed grid sales on Thursday afternoon were 2.00 higher on a light test 
at 202.00.  Monday�s Stock market plunge of over 1100 points and 
Thursday�s plunge of over 1000 points very well could have raised some 
eyebrows that the possibility of lower fed cash cattle prices were in the 
cards, but doesn�t seem to really matter.  Packers seem to want to hold 
on to steady money for fed cattle this week with cattle futures likely to 
have more impact on prices than the nose-dive in the Stock Market.  
Steady money at this time seems reasonable with all the volatility in the 
equity markets as higher prices are not out of the question given many of 
the feedlots in the Northern Plains are very current.  Boxed-beef values 
have remained on a steady pace this week, with Choice on Thursday closing 
.84 cents lower at 208.53 and Select up .65 cents at 203.79 compared to 
last Friday�s close with Choice at 209.10 and Select at 203.45.  The hide 
and offal value from a typical slaughter steer on Thursday was estimated 
at 10.38 per cwt live, up .08 cents when compared to Wednesday�s value.

Live Sales: 
Slaughter steers and heifers: (over 80 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)  Thursday 2 pot  
loads 202.00   

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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