Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, May 12, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 05/11/2014



                               DOMESTIC CATTLE ONLY



                        Dressed:  Live:   Total: Total Week Ago: Total Year Ago:

Formula Net:            221,718  35,776  257,494       229,301        241,687

Negotiated Grid Net:     17,824   3,213   21,037        16,114         32,071

Forward Contract Net:    35,070   5,144   40,214        81,273         37,776



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   25,187     63.8     637-1,022     855   213.87-274.50   238.74

65 - 80% Choice   30,144     64.1     642-966       854   217.46-243.56   234.46

35 - 65% Choice   55,943     64.0     625-987       843   211.76-242.21   231.97

 0 - 35% Choice    5,067     63.7     687-946       821   219.47-238.07   229.52

Total all grades 116,341     64.0     625-1,022     847   211.76-274.50   233.98

HEIFER

Over 80% Choice   15,492     63.7     638-904       778   226.15-274.50   237.06

65 - 80% Choice   20,928     63.8     648-912       757   218.01-244.87   234.14

35 - 65% Choice   18,297     63.9     634-917       757   209.90-239.97   232.03

 0 - 35% Choice      356     63.9     683-791       722   226.96-235.39   230.38

Total all grades  55,073     63.8     634-917       763   209.90-274.50   234.24

MIXED STEER/HEIFER

Over 80% Choice    5,992     62.9     675-953       800   228.68-274.50   239.34

65 - 80% Choice    4,563     63.1     618-912       795   220.00-258.61   234.40

35 - 65% Choice    3,786     62.9     696-940       796   225.79-241.22   235.18

 0 - 35% Choice    1,435     61.3     693-838       738   219.92-236.10   231.14

Total all grades  15,776     62.8     618-953       792   219.92-274.50   236.16

ALL STEERS & HEIFERS

Total all grades 187,190     63.9     618-1,022     818   209.90-274.50   234.24

MIXED STEER/HEIFER/COW

Over 80% Choice    2,138     63.6     694-896       816   223.91-242.43   236.20

65 - 80% Choice    2,435     63.0     730-886       813   225.48-240.05   234.82

35 - 65% Choice    2,766     62.6     604-1,028     812   207.31-235.92   226.71

 0 - 35% Choice    1,784     58.8     616-1,077     927   203.13-219.77   209.56

Total all grades   9,123     62.2     604-1,077     836   203.13-242.43   227.74

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,835     61.6     638-983       851   215.44-241.58   228.47

65 - 80% Choice    8,903     61.6     673-987       858   216.74-238.43   225.52

35 - 65% Choice    9,351     61.2     649-913       822   208.87-233.04   225.29

 0 - 35% Choice      316     61.2     827-978       857   219.33-230.05   224.33

Total all grades  25,405     61.5     638-987       843   208.87-241.58   226.22



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,955     62.9   1,091-1,595   1,346   142.05-170.32   152.53

65 - 80% Choice    5,583     63.0   1,073-1,543   1,286   141.50-164.97   146.71

35 - 65% Choice   13,035     63.1   1,109-1,498   1,307   142.00-148.11   145.85

 0 - 35% Choice    1,797     62.6   1,136-1,314   1,223   142.94-152.00   146.08

Total all grades  24,370     63.0   1,073-1,595   1,302   141.50-170.32   147.15

HEIFER

Over 80% Choice      863     62.8   1,065-1,438   1,234   146.00-161.25   147.05

65 - 80% Choice    2,050     62.9   1,082-1,333   1,171   143.23-148.61   146.59

35 - 65% Choice    4,651     62.9     992-1,337   1,188   142.47-169.07   146.25

 0 - 35% Choice      302     63.6     969-1,281   1,157   142.72-146.50   144.34

Total all grades   7,866     62.9     969-1,438   1,188   142.47-169.07   146.35

MIXED STEER/HEIFER

Over 80% Choice      116     60.5   1,288-1,481   1,369   146.25-157.00   150.52

65 - 80% Choice      626     62.2   1,161-1,428   1,335   142.99-163.00   150.50

35 - 65% Choice      943     62.9   1,115-1,416   1,252   144.25-161.12   147.58

 0 - 35% Choice       90     63.3   1,260-1,260   1,260   143.22-143.22   143.22

Total all grades   1,775     62.5   1,115-1,481   1,289   142.99-163.00   148.58

ALL STEERS & HEIFERS

Total all grades  34,011     63.0     969-1,595   1,275   141.50-170.32   147.04

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      671     60.2   1,228-1,474   1,387   130.06-138.57   134.22

65 - 80% Choice      346     60.7   1,313-1,347   1,331   137.00-139.07   138.83

35 - 65% Choice      748     61.2   1,275-1,395   1,349   133.00-137.20   135.76

 0 - 35% Choice                          -                      -

Total all grades   1,765     60.7   1,228-1,474   1,360   130.06-139.07   135.78



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,485     63.9     699-965       841   225.78-243.84   237.55

65 - 80% Choice    1,095     64.1     629-876       770   220.49-238.93   227.61

35 - 65% Choice    1,840     64.7     769-924       808   222.11-240.69   228.03

 0 - 35% Choice      239     64.0     793-867       834   224.65-238.71   229.42

Total all grades   8,659     64.1     629-965       825   220.49-243.84   234.04

HEIFER

Over 80% Choice      731     63.0     680-813       757   232.00-242.44   237.44

65 - 80% Choice       21     63.0     793-793       793   228.34-228.34   228.34

35 - 65% Choice      408     62.2     650-838       752   222.59-235.38   230.65

 0 - 35% Choice      331     62.0     847-955       911   210.94-227.00   213.45

Total all grades   1,491     62.5     650-955       790   210.94-242.44   230.13

MIXED STEER/HEIFER

Over 80% Choice    1,630     63.0     666-894       795   231.29-246.48   237.50

65 - 80% Choice    1,039     63.0     671-917       775   213.03-242.36   233.03

35 - 65% Choice      899     62.8     630-984       835   214.37-239.92   228.03

 0 - 35% Choice      668     63.5     594-847       770   207.14-227.13   217.05

Total all grades   4,236     63.0     594-984       795   207.14-246.48   231.17

ALL STEERS & HEIFERS

Total all grades  14,386     63.6     594-984       813   207.14-246.48   232.79

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      300     62.0     766-827       801   223.22-235.53   231.25

35 - 65% Choice      120     62.2     672-842       737   219.05-235.26   228.43

 0 - 35% Choice      216     59.3     810-965       954   210.30-232.86   211.97

Total all grades     636     61.1     672-965       841   210.30-235.53   224.17

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,606     59.8     754-916       829   212.80-233.23   224.92

65 - 80% Choice      857     60.1     711-926       805   215.04-233.00   223.79

35 - 65% Choice      279     59.9     743-881       793   209.83-229.45   221.43

 0 - 35% Choice       60     61.0     697-822       775   212.10-223.00   216.17

Total all grades   2,802     60.0     697-926       817   209.83-233.23   224.04



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice                          -                      -

65 - 80% Choice      186     62.1   1,361-1,433   1,418   144.34-148.00   145.09

35 - 65% Choice       49     63.0   1,338-1,338   1,338   141.25-141.25   141.25

 0 - 35% Choice      226     63.8   1,200-1,402   1,258   138.43-143.00   142.47

Total all grades     461     63.0   1,200-1,433   1,331   138.43-148.00   143.40

HEIFER

Over 80% Choice      230     60.5   1,399-1,399   1,399   142.78-142.78   142.78

65 - 80% Choice                          -                      -

35 - 65% Choice      155     64.4   1,136-1,159   1,151   141.30-141.84   141.50

 0 - 35% Choice      149     63.9   1,306-1,321   1,316   142.98-143.00   142.99

Total all grades     534     62.6   1,136-1,399   1,304   141.30-143.00   142.47

MIXED STEER/HEIFER

Over 80% Choice       41     64.0   1,241-1,241   1,241   150.00-150.00   150.00

65 - 80% Choice       22     64.9   1,187-1,187   1,187   144.00-144.00   144.00

35 - 65% Choice      811     64.1   1,131-1,450   1,259   137.86-145.00   143.09

 0 - 35% Choice      731     64.0   1,128-1,370   1,254   140.75-145.00   143.12

Total all grades   1,605     64.1   1,128-1,450   1,255   137.86-150.00   143.29

ALL STEERS & HEIFERS

Total all grades   2,600     63.6   1,128-1,450   1,279   137.86-150.00   143.14

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      313     61.2   1,251-1,369   1,319   131.62-135.68   135.05

65 - 80% Choice      146     62.4   1,456-1,456   1,456   137.99-137.99   137.99

35 - 65% Choice      154     61.8   1,218-1,389   1,370   136.00-136.45   136.40

 0 - 35% Choice                          -                      -

Total all grades     613     61.6   1,218-1,456   1,364   131.62-137.99   136.09



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,167     63.2     697-953       827   196.56-242.49   217.68

65 - 80% Choice    2,141     62.9     670-970       816   195.34-228.71   215.51

35 - 65% Choice    3,917     63.8     647-925       807   200.60-230.68   213.10

 0 - 35% Choice    1,227     62.6     756-882       804   204.78-229.12   223.70

Total all grades  11,452     63.3     647-970       815   195.34-242.49   216.35

HEIFER

Over 80% Choice    3,156     63.6     663-866       781   206.54-234.77   214.27

65 - 80% Choice    3,274     63.9     633-841       795   200.81-227.03   211.72

35 - 65% Choice    1,236     64.0     680-791       740   198.96-226.82   211.82

 0 - 35% Choice      199     63.7     688-746       711   204.49-206.25   205.54

Total all grades   7,865     63.8     633-866       779   198.96-234.77   212.60

MIXED STEER/HEIFER

Over 80% Choice      961     62.1     674-844       763   204.11-222.99   214.89

65 - 80% Choice    1,017     63.1     713-838       772   209.68-224.51   216.31

35 - 65% Choice    1,275     63.0     719-870       813   210.01-228.22   221.26

 0 - 35% Choice      397     63.7     729-851       788   208.66-228.22   224.23

Total all grades   3,650     62.9     674-870       786   204.11-228.22   218.53

ALL STEERS & HEIFERS

Total all grades  22,967     63.4     633-970       798   195.34-242.49   215.41

MIXED STEER/HEIFER/COW

Over 80% Choice      131     60.8     790-790       790   235.60-235.60   235.60

65 - 80% Choice      124     62.1     751-751       751   233.40-233.40   233.40

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     255     61.4     751-790       771   233.40-235.60   234.53

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,448     61.1     676-937       809   195.11-231.91   210.90

65 - 80% Choice    3,993     61.1     728-935       804   189.29-225.63   204.12

35 - 65% Choice    2,156     60.6     593-836       789   192.85-228.53   213.30

 0 - 35% Choice      251     60.1     767-806       776   205.67-214.44   212.45

Total all grades  11,848     61.0     593-937       803   189.29-231.91   209.09



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      975     63.7   1,218-1,530   1,388   131.05-159.00   142.38

65 - 80% Choice      667     63.3   1,325-1,425   1,359   132.02-140.20   136.83

35 - 65% Choice    2,239     63.5   1,350-1,420   1,352   139.60-143.10   142.98

 0 - 35% Choice      114     63.5   1,300-1,300   1,300   132.02-132.02   132.02

Total all grades   3,995     63.5   1,218-1,530   1,361   131.05-159.00   141.49

HEIFER

Over 80% Choice       84     63.6   1,149-1,268   1,206   129.00-140.07   134.80

65 - 80% Choice      379     62.7   1,125-1,369   1,253   133.63-151.91   140.27

35 - 65% Choice      132     64.5   1,100-1,100   1,100   143.25-143.25   143.25

 0 - 35% Choice                          -                      -

Total all grades     595     63.2   1,100-1,369   1,212   129.00-151.91   140.16

MIXED STEER/HEIFER

Over 80% Choice       90     63.2   1,218-1,250   1,236   133.95-136.05   135.16

65 - 80% Choice      273     62.9   1,074-1,397   1,194   131.40-149.77   137.05

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     363     63.0   1,074-1,397   1,204   131.40-149.77   136.58

ALL STEERS & HEIFERS

Total all grades   4,953     63.4   1,074-1,530   1,331   129.00-159.00   140.97

MIXED STEER/HEIFER/COW

Over 80% Choice       41     61.5   1,151-1,151   1,151   125.96-125.96   125.96

65 - 80% Choice                          -                      -

35 - 65% Choice       72     62.3   1,216-1,264   1,240   126.47-128.81   127.64

 0 - 35% Choice                          -                      -

Total all grades     113     62.0   1,151-1,264   1,208   125.96-128.81   127.03

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       78     61.0   1,386-1,386   1,386   118.70-118.70   118.70

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      78     61.0   1,386-1,386   1,386   118.70-118.70   118.70



--------------------------------------------------------------------------------



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                69,409    65,518        801    231.45    230.46

KANSAS                  44,296    41,000        824    233.27    233.21

NEBRASKA                36,370    28,458        850    238.98    237.65

COLORADO                15,280    12,185        811    237.33    237.96

WESTERN CORNBELT         3,470     3,567        817    238.60    236.67

 TOTAL 5-AREA          168,556   150,315        819    234.22    233.30

N.CENTRAL/E.MT           4,717     1,986        803    236.61    235.51

WESTERN STATES          13,199    12,792        809    233.36    232.46

EASTERN CORNBELT           328       468        836    238.46    237.05

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                16,300    16,950      1,237    146.68    146.69

KANSAS                  10,081    10,210      1,323    146.64    146.34

NEBRASKA                 3,109     3,560      1,369    152.04    151.14

COLORADO                 1,607     1,103      1,275    147.77    148.18

WESTERN CORNBELT           500       728      1,371    153.58    152.93

 TOTAL 5-AREA           31,597    32,551      1,281    147.36    147.26

N.CENTRAL/E.MT             593       265      1,352    143.20    149.21

WESTERN STATES           1,821     1,579      1,143    142.77    142.52

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,801     2,955        759    204.01    228.47

KANSAS                   4,767     6,694        809    224.45    221.52

NEBRASKA                 8,444    14,287        809    212.44    217.96

COLORADO                 3,983     2,473        793    217.77    218.91

WESTERN CORNBELT         1,730     4,730        814    210.04    217.69

 TOTAL 5-AREA           20,725    31,139        802    215.29    219.76

N.CENTRAL/E.MT           1,442     2,167        766    215.68    215.91

WESTERN STATES             591     1,269        747    219.75    213.75

EASTERN CORNBELT           133       479        751    212.91    217.24

NORTHEASTERN STATE          76     1,314        822    214.17    217.21



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,329     1,713      1,344    142.89    138.22

KANSAS                     982     6,808      1,286    136.79    142.40

NEBRASKA                   401     2,405      1,441    149.62    141.34

COLORADO                             202                         142.95

WESTERN CORNBELT           740     5,510      1,294    136.55    135.01

 TOTAL 5-AREA            4,452    16,638      1,331    141.10    139.38

N.CENTRAL/E.MT             501       474      1,333    139.86    138.82

WESTERN STATES

EASTERN CORNBELT                     334                         137.76

NORTHEASTERN STATE                   163                         133.69



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,195     4,828        798    224.63    225.39

KANSAS                     581       243        796    227.65    234.27

NEBRASKA                 1,945       926        799    237.65    237.27

COLORADO                   357       120        849    232.48    236.16

WESTERN CORNBELT         5,407     1,735        833    235.88    232.55

 TOTAL 5-AREA           11,396     7,690        817    232.46    228.61

N.CENTRAL/E.MT             585     1,454        824    237.19    237.45

WESTERN STATES

EASTERN CORNBELT         1,217     1,204        777    235.55    234.71

NORTHEASTERN STATE         991       547        805    230.30    227.45



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,143     2,190      1,254    142.88    142.79

KANSAS

NEBRASKA                   378        75      1,412    143.39    135.75

COLORADO

WESTERN CORNBELT                      27                         145.49

 TOTAL 5-AREA            2,521     2,292      1,278    142.96    142.59

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            79        41      1,299    149.04    147.55

NORTHEASTERN STATE





-------------------------------------------------------------------

Regional Breakdown:

  WESTERN CORNBELT - IA,MN,MO.

  TOTAL 5-AREA - CO,IA,KS,MN,NE,NM,OK,TX

  N.CENTRAL/E.MT - MT,ND,SD,WY.

  WESTERN STATES - AZ,CA,ID,NV,OR,UT,WA.

  EASTERN CORNBELT - IL,IN,KY,MI,WI.

  NORTHEASTERN STATES - CT,DE,MA,MD,ME,NH,NJ,NY,OH,PA,RI,WV,VA,VT.

-------------------------------------------------------------------





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

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

           www.ams.usda.gov/LSMarketNews



1130C













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