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

Missouri Weekly Direct Slaughter Cattle (week end 03-09-2018)

Confirmed Sales:

  Week to date:  440    Last week:  120    Last Year:  280
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
in Missouri, remains light with dressed grid prices 1.00 higher at 
206.00-207.00.  Feedlot trade this week is mostly steady at 126.00 to 
127.00 in the Southern and Northern Plains.  Packer margins are very good 
and the incentive should be there to pick up the slaughter pace and 
procure fed cattle.  Beef demand has been excellent but remains a 
critical factor going forward as more market ready cattle become 
available for the April-June time period.  These large numbers are also 
coming at a time when the grilling season and beef demand are at its 
best.  Cattle futures at this time seem to indicate that downside 
potential is more evident than upside potential. Even with bullish 
fundamentals at this time with feedlots keeping current, good consumer 
beef demand, impressive January exports and good packer margins all seem 
to be ignored.  Other factors are in play as well with trade war worries 
that can cause uncertainty, which is one thing that agriculture 
commodities loathe.  No doubt fund managers will monitor all factors 
closely for money positions and market direction.  Boxed-beef values 
continue to hold on to gains with Choice closing .31 cents higher on 
Thursday at 223.88 and select 1.58 higher at 216.78 compared to last 
week�s close with Choice at 222.52 and Select at 214.64.  The hide and 
offal from a typical slaughter steer on Thursday was estimated at 10.21 
per cwt live, down .09 cents when compared to Wednesday�s value.            

Live Sales: 
Slaughter steers and heifers: (over 90 percent Choice) 3 Loads FOB 126.50     

(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 Flat 204.00

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 4 Loads 206.00; 
3 loads 207.00

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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