Advice and Tips

IA-MN Weekly Wtd Avg Direct Slaughter Cattle - Negotiated Sales

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St Joseph, MO    Mon May 26, 2014    USDA Market News



IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES

(Includes all transactions regardless of delivery day)

For Week Ending Sunday, 5/25/2014



Confirmed:       21,552      Last Week:    30,188        Last Year:    20,692



                           LIVE FOB BASIS - Beef Breeds

                         Head       Weight       Wtd Avg      Price    Wtd Avg

                         Count      Range        Weight       Range     Price

STEERS

 Over 80% Choice         2,356    1,250-1,475     1,369   144.00-149.00  146.01

 65 - 80% Choice         2,216    1,300-1,400     1,340   145.00-146.00  145.47

 35 - 65% Choice           120    1,300-1,300     1,300   145.00-145.00  145.00

  0 - 35% Choice                       -                        -

 Total all grades        4,692    1,250-1,475     1,354   144.00-149.00  145.73

HEIFERS

 Over 80% Choice           696    1,170-1,325     1,222   144.00-145.00  144.94

 65 - 80% Choice           554    1,170-1,250     1,191   144.00-145.00  144.47

 35 - 65% Choice                       -                        -

  0 - 35% Choice                       -                        -

 Total all grades        1,250    1,170-1,325     1,208   144.00-145.00  144.73



                      DRESSED DELIVERED BASIS - Beef Breeds

                         Head       Weight       Wtd Avg      Price    Wtd Avg

                         Count      Range        Weight       Range     Price

STEERS

 Over 80% Choice         1,702      787-943        878    230.00-235.00  233.17

 65 - 80% Choice         1,915      797-950        881    230.00-234.00  231.95

 35 - 65% Choice           303      950-950        950    234.00-234.00  234.00

  0 - 35% Choice                       -                        -

 Total all grades        3,920      787-950        885    230.00-235.00  232.64

HEIFERS

 Over 80% Choice           326      724-864        769    230.00-234.00  232.80

 65 - 80% Choice           963      750-875        780    230.00-234.00  232.10

 35 - 65% Choice            24      950-950        950    234.00-234.00  234.00

  0 - 35% Choice                       -                        -

 Total all grades        1,313      724-950        781    230.00-234.00  232.31



                        LIVE DELIVERED BASIS - Beef Breeds

                         Head       Weight       Wtd Avg      Price    Wtd Avg

                         Count      Range        Weight       Range     Price

STEERS

 Over 80% Choice           371    1,400-1,425     1,415   147.50-151.50  148.95

 65 - 80% Choice           195    1,350-1,350     1,350   151.00-151.00  151.00

 35 - 65% Choice                       -                        -

  0 - 35% Choice                       -                        -

 Total all grades          566    1,350-1,425     1,393   147.50-151.50  149.65

HEIFERS

 Over 80% Choice           190    1,050-1,125     1,072   144.00-145.00  144.71

 65 - 80% Choice           258    1,185-1,275     1,261   145.00-146.00  145.16

 35 - 65% Choice                       -                        -

  0 - 35% Choice                       -                        -

 Total all grades          448    1,050-1,275     1,181   144.00-146.00  144.97



                         DRESSED FOB BASIS - Beef Breeds

                         Head       Weight       Wtd Avg      Price    Wtd Avg

                         Count      Range        Weight       Range     Price

STEERS

 Over 80% Choice         1,026      790-882        826    229.00-234.00  231.92

 65 - 80% Choice                       -                        -

 35 - 65% Choice                       -                        -

  0 - 35% Choice                       -                        -

 Total all grades        1,026      790-882        826    229.00-234.00  231.92

HEIFERS

 Over 80% Choice           253      750-841        784    232.00-232.50  232.16

 65 - 80% Choice                       -                        -

 35 - 65% Choice                       -                        -

  0 - 35% Choice                       -                        -

 Total all grades          253      750-841        784    232.00-232.50  232.16





WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price

  Live    Steer             4,692     1,353.60        $145.73

  Live    Heifer            1,250     1,208.20        $144.73

  Dressed Steer             3,920       884.80        $232.64

  Dressed Heifer            1,313       780.70        $232.31



SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price

  Live    Steer             5,671     1,354.60        $147.32

  Live    Heifer            2,149     1,227.30        $147.12

  Dressed Steer             4,549       852.40        $234.67

  Dressed Heifer            2,398       764.60        $234.46



SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price

  Live    Steer             3,678     1,381.60        $125.24

  Live    Heifer              850     1,254.00        $125.14

  Dressed Steer             2,966       868.20        $199.80

  Dressed Heifer            1,632       875.40        $200.48





WEEKLY PRICE DISTRIBUTION



Live FOB                                 Dressed Delivered

Head       Price                         Head       Price

976        144.00-144.49                 4,474      230.00-230.49

0          144.50-144.99                 0          230.50-230.99

5,077      145.00-145.49                 0          231.00-231.49

0          145.50-145.99                 0          231.50-231.99

1,830      146.00-146.49                 800        232.00-232.49

39         146.50-146.99                 0          232.50-232.99

650        147.00-147.49                 350        233.00-233.49

0          147.50-147.99                 79         233.50-233.99

72         148.00-148.49                 2,951      234.00-234.49

0          148.50-148.99                 0          234.50-234.99

365        149.00-149.49                 80         235.00-235.49





Source:    USDA Market News Service, St. Joseph, MO

           816-676-7000    email:  stjoe.lpgmn@usda.gov

           www.ams.usda.gov/LSMarketNews



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