Direct Slaughter Cattle - Mexico, Missouri
Jefferson City, MO    Fri Mar 08, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 03-08-2019)

Confirmed Sales:

  Week to date: 280      Last week: 320       Last Year: 440
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
to inactive as producers are waiting for higher bids at this time.  Few 
Grid sales early Friday morning at 208.00, trading 3.00 higher than last 
week, with Flat sales steady on Thursday at 205.00. The fed cattle market 
this week again remains quite so far.  CME cattle futures seem to have a 
tired look to them this week, that was until Thursday when contracts came 
back to life; for the most part most months were trading lower this week.  
More winter storms and wet weather forecast across the Northern Plains 
and Midwest will keep feedlots muddy and cattle performance down.  The 
boxed-beef cut-out value continues to increase and showing strong support 
and should give the cattle feeders a bullish attitude but given last 
week�s higher market packers will want to push cut-out prices higher in 
effort to recover lost margins.  This week�s slaughter is expected to be 
near 600,000.  Cold Storage Report for January was released Thursday 
afternoon with total red meat supplies in freezers up 7 percent from 
previous month and down 1 percent from last year.  Total lbs of beef in 
freezers were up 3 percent at 510.1 million lbs from previous month and 
up 2 percent from last year.  Frozen pork supplies were up 11 percent at 
562.7 million lbs from last month, but 3 percent lower than last year.  
Choice boxed-beef closed Thursday 1.11 higher at 226.04 with Select up 
.17 at 218.54 compared to last Friday�s close with Choice at 221.29 and 
Select at 216.79.  The hide and offal value from a typical slaughter 
steer on Thursday was estimated at 8.99 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) 3 Loads Thursday Flat 205.00.

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  4 Loads Friday 
morning 208.00.      
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

1030cst cc