Direct Slaughter Cattle - Mexico, Missouri
JC_LS135 ***Update report at 10:30***
Jefferson City, MO    Fri Oct 05, 2018  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 10-05-2018)

Confirmed Sales:

  Week to date: 840      Last week: 360        Last Year: 240
( 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.  Dressed grid sales this week sold mostly 1.00 higher at 
178.00 with flat prices steady with last week and live prices not tested.  
Packer inquiry this week hopefully has some upside interest as CME Live 
cattle futures for October closed at 113.67 on Thursday which is showing 
a negative basis as the board is higher than the cash market.  Early week 
sales in mostly Iowa had some live prices at 112.00 as some regional 
packers were replenishing inventory and hopefully has set the tone for a 
firmer market this week.  This week�s kill is expected to be fewer than 
650K with volume not as large as last week.  Boxed-beef prices seem to be 
trading mostly sideways this week as Choice closed .56 cents lower on 
Thursday at 203.86 and Select .32 cents lower at 191.98 compared to last 
Friday�s close with Choice at 203.88 and Select at 193.44.  The hide and 
offal value from a typical slaughter steer on Thursday was estimated at 
9.14 per cwt live, unchanged from Wednesday�s value. 

Live Sales: 
Slaughter steers and heifers: (over 80 percent Choice)  5 pot loads 
Tuesday 112.00 FOB     

(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) 12 pot loads Tuesday 174.00 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  4 loads 
Thursday 178.00.     

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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