Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri May 19, 2017     Mo Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 05-19-2017)

Confirmed Sales:

  Week to date: 40       Last week: 160        Last Year: 120

( These prices acquired from Missouri producers )

   Trading from last Friday through Friday morning of this week remains light at 
this time as bids and asking prices are sharply lower this week with grid 
dressed sales 5.00 lower at 222.00 with many producers current in the area.  
Cash cattle trade the last two weeks has seen a hard price shift heading south.  
Thursday�s cash trade in the Southern Plains was mostly 3.00-4.00 lower at 
133.00-134.00.  Cash trade was headed lower after last week�s downturn and might 
have fared better than expected this week as packers still need inventory.  
Carcass weights and slaughter levels will need to be watched carefully as they 
will remain two of the most important factors for beef business.  Carcass cut-
out values have started to retreat after a huge run-up since the first of April 
as 50 percent trim prices have skyrocketed, ribeye prices have had a huge spike 
upward along with chuck items moving higher all have help the cut-out surge in 
value.  Boxed-beef values have seen Choice product gain on Select with a spread 
of over 25.00, with carcass weights and cattle grading choice still falling.  
Pork business seems to be picking up very well with the realization that pork is 
cheap compared to beef.  This has the possibility of beef paying the price as 
consumers will be the ones to determine if beef is the preferred meat, as how 
retailers respond to the sharp increases in beef prices will they feature more 
pork and chicken?  Choice cut-out closed .96 cents lower on Thursday at 247.21 
with Select .27 cents lower at 221.66, compared to last Friday�s close  with 
Choice at 247.69 and Select at 225.51.  The hide and offal value of a typical 
slaughter steer on Thursday was estimated at 11.35 per cwt live, down .11 cents 
when compared to Wednesday�s value.  

Live Sales: 
Slaughter steers and heifers: (60-80 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: (60-80 percent Choice) No Sales     

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 1 load Thursday 

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