Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, May 19, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 05/18/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            203,968  33,227  237,195       257,757        256,377

Negotiated Grid Net:     14,647   3,408   18,055        21,082         32,054

Forward Contract Net:    35,636  13,855   49,491        40,330         39,078



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   24,172     63.8     626-991       846   214.29-276.92   240.00

65 - 80% Choice   27,346     64.0     648-969       854   209.86-268.06   235.60

35 - 65% Choice   51,886     64.1     621-980       843   211.69-249.30   234.28

 0 - 35% Choice    5,161     64.0     708-931       823   220.23-238.35   229.40

Total all grades 108,565     64.0     621-991       845   209.86-276.92   235.66

HEIFER

Over 80% Choice   14,381     63.6     687-936       782   229.20-273.83   239.30

65 - 80% Choice   22,021     64.1     659-911       761   222.10-241.05   234.53

35 - 65% Choice   16,519     64.1     642-914       747   207.60-239.33   232.07

 0 - 35% Choice      749     60.3     717-857       741   205.40-234.84   222.06

Total all grades  53,670     63.9     642-936       762   205.40-273.83   234.88

MIXED STEER/HEIFER

Over 80% Choice    6,615     63.2     642-941       804   221.84-276.92   242.74

65 - 80% Choice    2,931     62.8     644-930       788   223.72-256.60   235.73

35 - 65% Choice    2,048     62.3     640-884       779   207.08-239.75   233.52

 0 - 35% Choice    1,297     61.4     597-856       737   221.09-233.14   230.16

Total all grades  12,891     62.8     597-941       789   207.08-276.92   238.42

ALL STEERS & HEIFERS

Total all grades 175,126     63.9     597-991       816   205.40-276.92   235.62

MIXED STEER/HEIFER/COW

Over 80% Choice    2,582     63.1     735-1,062     834   229.95-243.32   238.08

65 - 80% Choice    1,801     64.0     666-945       805   215.09-239.25   232.09

35 - 65% Choice    1,573     62.9     612-953       811   213.63-234.40   225.78

 0 - 35% Choice    2,259     59.8     612-1,065     971   197.49-222.72   209.65

Total all grades   8,215     62.3     612-1,065     861   197.49-243.32   226.59

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,968     62.0     638-973       864   215.80-239.88   228.52

65 - 80% Choice    5,994     61.6     676-957       841   216.89-234.49   227.00

35 - 65% Choice    7,892     61.6     702-932       825   217.03-233.34   225.63

 0 - 35% Choice      773     61.2     550-875       803   200.87-237.83   226.54

Total all grades  20,627     61.7     550-973       840   200.87-239.88   226.90



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,298     63.2   1,081-1,548   1,374   146.50-177.67   153.39

65 - 80% Choice    4,456     63.3   1,115-1,463   1,311   142.00-166.64   150.44

35 - 65% Choice   13,093     63.2   1,094-1,509   1,282   141.50-164.91   146.16

 0 - 35% Choice    1,161     62.7   1,132-1,562   1,321   139.16-147.50   145.16

Total all grades  22,008     63.2   1,081-1,562   1,304   139.16-177.67   148.06

HEIFER

Over 80% Choice    1,405     62.4   1,096-1,398   1,177   143.00-167.07   155.21

65 - 80% Choice    2,554     63.0   1,033-1,360   1,207   143.24-170.70   149.39

35 - 65% Choice    4,224     63.6     973-1,356   1,195   142.75-171.96   147.25

 0 - 35% Choice      244     62.5   1,083-1,447   1,216   141.00-147.00   145.21

Total all grades   8,427     63.2     973-1,447   1,196   141.00-171.96   149.17

MIXED STEER/HEIFER

Over 80% Choice      156     62.0   1,270-1,300   1,293   151.58-157.43   152.89

65 - 80% Choice      377     63.1   1,145-1,476   1,317   146.00-149.76   147.75

35 - 65% Choice      803     62.1   1,100-1,401   1,208   144.75-163.00   153.00

 0 - 35% Choice                          -                      -

Total all grades   1,336     62.4   1,100-1,476   1,248   144.75-163.00   151.50

ALL STEERS & HEIFERS

Total all grades  31,771     63.1     973-1,562   1,273   139.16-177.67   148.50

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      495     59.8   1,238-1,522   1,418   131.55-138.66   135.76

65 - 80% Choice      176     61.2   1,315-1,333   1,322   136.75-139.16   138.19

35 - 65% Choice      785     60.8   1,280-1,426   1,348   135.25-139.16   136.70

 0 - 35% Choice                          -                      -

Total all grades   1,456     60.5   1,238-1,522   1,369   131.55-139.16   136.56



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,279     63.7     751-948       828   226.30-247.28   238.25

65 - 80% Choice    1,699     64.5     760-885       799   225.90-240.07   228.87

35 - 65% Choice    1,505     63.2     717-863       810   223.46-240.80   230.79

 0 - 35% Choice       93     63.6     843-933       879   217.90-231.50   223.31

Total all grades   4,576     63.8     717-948       812   217.90-247.28   232.01

HEIFER

Over 80% Choice      515     63.1     773-862       790   235.77-246.15   240.83

65 - 80% Choice      432     63.9     684-826       732   237.35-238.66   238.35

35 - 65% Choice      315     63.3     631-937       807   221.98-231.79   224.65

 0 - 35% Choice      604     63.7     728-944       853   211.53-230.50   223.44

Total all grades   1,866     63.5     631-944       800   211.53-246.15   231.89

MIXED STEER/HEIFER

Over 80% Choice    1,341     62.9     686-915       800   233.42-246.48   238.87

65 - 80% Choice    1,027     62.3     686-889       791   229.69-239.95   235.41

35 - 65% Choice      732     62.9     591-857       779   210.35-240.10   227.53

 0 - 35% Choice      570     63.4     683-847       793   206.51-225.00   218.46

Total all grades   3,670     62.8     591-915       792   206.51-246.48   232.47

ALL STEERS & HEIFERS

Total all grades  10,112     63.4     591-948       803   206.51-247.28   232.16

MIXED STEER/HEIFER/COW

Over 80% Choice      337     63.5     771-826       808   226.11-237.00   235.29

65 - 80% Choice      380     62.7     706-901       747   225.54-233.46   227.41

35 - 65% Choice      745     60.7     720-907       839   216.36-234.00   224.34

 0 - 35% Choice      751     59.5     797-1,004     928   202.79-226.21   212.76

Total all grades   2,213     61.1     706-1,004     849   202.79-237.00   222.60

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,681     59.8     745-931       821   218.62-237.19   228.31

65 - 80% Choice      395     60.2     718-889       830   218.31-228.65   225.24

35 - 65% Choice      180     61.0     706-803       747   211.51-230.32   225.68

 0 - 35% Choice       66     57.7     782-867       822   203.11-204.54   203.87

Total all grades   2,322     59.9     706-931       817   203.11-237.19   226.89



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice       41     62.9   1,289-1,289   1,289   146.00-146.00   146.00

65 - 80% Choice                          -                      -

35 - 65% Choice      213     63.0   1,131-1,326   1,215   136.57-146.00   141.99

 0 - 35% Choice      514     64.3   1,145-1,511   1,304   141.64-145.00   143.83

Total all grades     768     63.8   1,131-1,511   1,278   136.57-146.00   143.43

HEIFER

Over 80% Choice      110     62.7   1,176-1,176   1,176   144.30-144.30   144.30

65 - 80% Choice                          -                      -

35 - 65% Choice      244     64.1   1,113-1,159   1,134   141.35-145.00   142.89

 0 - 35% Choice                          -                      -

Total all grades     354     63.6   1,113-1,176   1,147   141.35-145.00   143.32

MIXED STEER/HEIFER

Over 80% Choice       36     63.6   1,367-1,367   1,367   145.00-145.00   145.00

65 - 80% Choice       84     64.5   1,163-1,274   1,217   145.00-149.57   147.23

35 - 65% Choice      575     63.3   1,049-1,364   1,188   136.31-145.00   141.57

 0 - 35% Choice      712     63.8   1,090-1,476   1,250   135.86-145.00   142.20

Total all grades   1,407     63.6   1,049-1,476   1,226   135.86-149.57   142.31

ALL STEERS & HEIFERS

Total all grades   2,529     63.7   1,049-1,511   1,231   135.86-149.57   142.79

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       38     60.9   1,329-1,329   1,329   134.00-134.00   134.00

65 - 80% Choice      208     62.9   1,441-1,441   1,441   139.09-139.09   139.09

35 - 65% Choice      621     61.9   1,303-1,379   1,348   134.83-138.96   137.12

 0 - 35% Choice       12     61.9   1,235-1,235   1,235   136.00-136.00   136.00

Total all grades     879     62.1   1,235-1,441   1,367   134.00-139.09   137.43



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,983     63.6     728-971       862   203.66-237.26   216.27

65 - 80% Choice    1,917     63.4     728-924       846   196.23-232.09   213.50

35 - 65% Choice    4,930     63.6     643-905       816   196.55-228.06   214.99

 0 - 35% Choice      936     62.9     779-841       809   204.64-230.45   220.20

Total all grades  11,766     63.5     643-971       836   196.23-237.26   215.59

HEIFER

Over 80% Choice    3,866     63.6     706-946       811   202.83-236.26   217.64

65 - 80% Choice    2,157     63.8     713-888       786   210.35-235.81   219.62

35 - 65% Choice    3,221     64.0     644-827       775   201.87-235.78   215.13

 0 - 35% Choice       93     63.2     690-690       690   220.68-220.68   220.68

Total all grades   9,337     63.8     644-946       792   201.87-236.26   217.26

MIXED STEER/HEIFER

Over 80% Choice      305     63.0     774-857       816   210.22-215.35   211.33

65 - 80% Choice      499     63.9     772-779       775   211.38-218.74   215.83

35 - 65% Choice      223     63.9     774-774       774   218.18-218.18   218.18

 0 - 35% Choice      317     63.8     778-829       788   207.03-218.18   216.07

Total all grades   1,344     63.7     772-857       787   207.03-218.74   215.26

ALL STEERS & HEIFERS

Total all grades  22,447     63.6     643-971       815   196.23-237.26   216.27

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       88     63.2     785-785       785   208.21-208.21   208.21

 0 - 35% Choice                          -                      -

Total all grades      88     63.2     785-785       785   208.21-208.21   208.21

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,540     61.1     653-895       801   187.30-234.13   208.87

65 - 80% Choice    4,359     61.1     704-923       804   189.99-230.20   208.57

35 - 65% Choice    2,202     61.0     730-878       800   192.12-220.53   210.09

 0 - 35% Choice                          -                      -

Total all grades  13,101     61.1     653-923       802   187.30-234.13   208.97



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      882     63.6   1,300-1,555   1,427   131.00-159.00   141.71

65 - 80% Choice    2,823     63.7   1,287-1,440   1,384   132.61-146.70   144.87

35 - 65% Choice    4,617     63.6   1,100-1,450   1,347   130.05-146.70   144.06

 0 - 35% Choice       69     63.0   1,200-1,200   1,200   134.40-134.40   134.40

Total all grades   8,391     63.6   1,100-1,555   1,367   130.05-159.00   144.00

HEIFER

Over 80% Choice      368     63.3   1,098-1,300   1,170   133.90-139.57   135.18

65 - 80% Choice    1,358     63.6   1,150-1,325   1,279   130.20-146.70   143.28

35 - 65% Choice    1,975     63.6   1,100-1,325   1,197   130.50-146.20   143.06

 0 - 35% Choice                          -                      -

Total all grades   3,701     63.6   1,098-1,325   1,224   130.20-146.70   142.36

MIXED STEER/HEIFER

Over 80% Choice      361     63.0   1,204-1,354   1,297   130.09-144.34   139.13

65 - 80% Choice      382     63.2   1,304-1,408   1,329   128.20-132.70   131.48

35 - 65% Choice      951     63.0   1,122-1,350   1,184   134.32-149.06   145.01

 0 - 35% Choice                          -                      -

Total all grades   1,694     63.1   1,122-1,408   1,240   128.20-149.06   140.71

ALL STEERS & HEIFERS

Total all grades  13,786     63.6   1,098-1,555   1,313   128.20-159.00   143.16

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       69     61.0   1,367-1,378   1,373   120.00-131.02   125.43

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      69     61.0   1,367-1,378   1,373   120.00-131.02   125.43



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                59,499    69,409        805    231.95    231.45

KANSAS                  41,273    44,296        815    235.09    233.27

NEBRASKA                36,209    36,489        851    240.29    238.99

COLORADO                16,274    15,280        804    239.91    237.33

WESTERN CORNBELT         5,216     3,584        811    238.91    238.81

 TOTAL 5-AREA          158,086   168,789        818    235.70    234.23

N.CENTRAL/E.MT           2,687     4,717        812    238.37    236.61

WESTERN STATES          13,246    13,199        787    233.84    233.36

EASTERN CORNBELT           646       328        831    236.81    238.46

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                15,620    16,330      1,246    147.63    146.71

KANSAS                   9,416    10,081      1,301    147.34    146.64

NEBRASKA                 3,994     3,109      1,336    154.54    152.04

COLORADO                   778     1,607      1,255    152.52    147.77

WESTERN CORNBELT           655       500      1,427    152.27    153.58

 TOTAL 5-AREA           30,463    31,627      1,279    148.67    147.37

N.CENTRAL/E.MT             121       593      1,238    164.48    143.20

WESTERN STATES           1,187     1,821      1,129    142.55    142.77

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,106     1,801        776    208.09    204.01

KANSAS                   6,220     4,767        788    223.30    224.45

NEBRASKA                 7,378     8,444        844    211.97    212.44

COLORADO                 4,331     3,983        806    212.59    217.77

WESTERN CORNBELT           685     1,730        804    212.56    210.04

 TOTAL 5-AREA           19,720    20,725        813    215.48    215.29

N.CENTRAL/E.MT             942     1,442        823    216.31    215.68

WESTERN STATES           1,353       591        834    229.39    219.75

EASTERN CORNBELT           130       133        790    200.24    212.91

NORTHEASTERN STATE         302        76        828    215.40    214.17



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,326     2,329      1,251    143.21    142.89

KANSAS                   7,481       982      1,338    145.39    136.79

NEBRASKA                   880       517      1,374    144.37    146.17

COLORADO                   168                1,224    134.32

WESTERN CORNBELT         1,315       740      1,293    133.23    136.55

 TOTAL 5-AREA           13,170     4,568      1,313    143.42    140.92

N.CENTRAL/E.MT             431       501      1,349    138.74    139.86

WESTERN STATES

EASTERN CORNBELT           185                1,248    135.03

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,738     3,195        798    226.53    224.63

KANSAS                     184       581        815    233.27    227.65

NEBRASKA                 2,207     1,945        809    237.52    237.65

COLORADO                   126       357        835    231.48    232.48

WESTERN CORNBELT         1,360     5,418        809    234.52    235.89

 TOTAL 5-AREA            7,429    11,396        804    231.16    232.46

N.CENTRAL/E.MT             539       585        817    239.27    237.19

WESTERN STATES

EASTERN CORNBELT         1,180     1,251        794    235.25    235.75

NORTHEASTERN STATE         726       991        795    229.34    230.30



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,448     2,143      1,230    142.71    142.88

KANSAS

NEBRASKA                    40       378      1,213    140.82    143.39

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,488     2,521      1,230    142.68    142.96

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            41        79      1,274    149.57    149.04

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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