Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Aug 09, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 08-09-2019)

Confirmed Sales:

  Week to date:  320    Last Week:  440      Last Year:  520
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
with dressed grid sales trading steady to 2.00 lower at 185.00.  Trade 
appears to be heading for a Friday showdown with packers not wanting to 
pay more than steady money and trying to buy them cheaper.  This week�s 
volatility has played into the packers favor, but CME cattle futures have 
turned green on Thursday.  Since last week commodity markets have had a 
wild ride with much volatility with massive selloffs in the Stock Market.  
Computer driven fund selling is done faster than seems possible as 
volatility intensify the moves by moving money in and out of the market 
place.  But, boxed-beef business is good and has strengthened and moved 
higher this week.  Choice continues to trade at a wide premium to the 
Select grade suggest that there isn�t as much Choice product as there is 
Select to go around.  As we enter the month of August retail sales and 
ads are very positive as consumers and retailers are staying with beef.  
Hopefully outdoor activity will remain as consumers seek to soak up as 
much activity before the school year resumes.  Thursday choice boxed-beef 
closed .39 cents higher at 216.88 with Select closing .34 cents lower at 
192.37 with a choice-select spread of 24.51, compared to last Friday�s 
close with Choice at 214.73 and Select at 190.63.  The hide and offal 
value from a typical slaughter steer on Thursday was estimated at 8.97 
per cwt live unchanged 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) 4 loads Flat 184.00 Tuesday  

(Grid) Grade and Weight Carcass: (over 80 percent Choice) 4 loads 
Thursday 185.00;   
Source:  MO Dept of Ag-USDA Market News Service, Perry, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244