Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri May 10,  2019  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 05-10-2019)

Confirmed Sales:

  Week to date: 320      Last week: 240       Last Year: 160
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
as producers continue to see lower bids, dressed grid sales are 6.00-7.00 
lower at 197.00-198.00.  Last week CME cattle futures found the funds 
abandoning ship and cattle futures this week continue to see more selling 
as finding a low seems nowhere in sight.  Equities this week are also 
struggling on uncertainties about the trade dispute with China.  Cattle 
trade started on Tuesday with the Southern Plains at 120.00 mostly 3.00 
lower than last week as feedlots jumped on the bids, with Nebraska 
trading on Wednesday at 120.00-121.00 3.00-4.00 lower.  Large supplies of 
market ready cattle are available and packers have purchased many with 
time and have plenty of captive supplies.  Another large weekly kill is 
expected estimating 675,000 as large kills are on the way and will be 
needed to get through large supplies of market ready cattle.  Boxed-beef 
prices have moved significantly lower this week with sales of Select 
dropping the hardest. There�s lots product to sell and weather across the 
country needs to improve as more sunshine and warmer temperatures are 
definitely needed as rain and cool temperatures have dominated the 
weather pattern this spring.  With large supplies of beef over the next 
60 days good grilling weather is a must.  Choice boxed-beef on Thursday 
closed .54 cents lower at 222.47 and Select .41 cents lower at 207.08 
compared to last Friday�s close with Choice at 227.36 and Select at 
213.29.  The hide and offal value from a typical slaughter steer on 
Thursday was estimated at 8.39 per cwt live down .05 cents when compared 
to Wednesday�s value.  
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)  2 Loads early Tuesday Flat 

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  4 Loads 
Tuesday 197.00, 2 loads Thursday 198.00.      
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