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USDA - AMS: Missouri Direct Slaughter Cattle Report (2019-06-21)

USDA U.S. Department of Agriculture - June 21, 2019

Jefferson City, MO    Fri June 21, 2019  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 06-21-2019)

Confirmed Sales:

  Week to date: 120       Last week: 400      Last Year: 0
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
as producers are passing lower bids at this time with dressed grid sales 
3.00 lower at 184.00 on Wednesday.  So far this week there seems to be 
little urgency to get cash trade underway, given the back and forth and 
choppy trade in the cattle futures.  Thursday afternoon saw some trade in 
the Southern Plains and in the North mostly at 110.00, 2.00 lower than 
last week.  Despite current conditions in fed cattle marketing’s, good 
beef demand and excellent packer margins are of no help to the producer 
at this time.  Corn market saw pressure till mid-week then moved higher 
on Thursday.  Crop condition ratings showed 59 percent good to excellent 
and planting progress at 92 percent completed.  The corn market will 
continue to debate acreage losses and yield effects for the late planted 
crop and that will keep uncertainty in the market for the rest growing 
season.  Boxed-beef values have shown some light seasonal weakness as we 
start the summer, but choice box-beef is still trading over 220.00 as 
cash cattle prices still decline.  Cattle on Feed Report will be issued 
Friday afternoon looking to be on the positive side.  This week’s kill is 
estimated to be a little under last week’s total of 665,000.  Choice 
boxed-beef on Thursday closed .87 cents lower at 220.72 and Select .76 
cents lower at 201.48 compared to last Friday’s close with Choice at 
222.23 and Select at 202.76.  The hide and offal value from a typical 
slaughter steer on Thursday was estimated at 8.32 per cwt live .08 higher 
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 Flat Wednesday 181.00.   

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  1 Load 
Wednesday 184.00.       
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

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