Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

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



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 05/25/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            229,657  34,944  264,601       237,195        262,033

Negotiated Grid Net:     16,089   3,884   19,973        18,055         32,056

Forward Contract Net:    59,102   8,770   67,872        49,491         47,571



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   24,801     63.7     627-974       854   215.39-276.39   238.85

65 - 80% Choice   30,960     64.1     616-958       847   210.09-263.49   234.43

35 - 65% Choice   57,302     64.0     580-988       846   215.71-242.70   232.21

 0 - 35% Choice    5,333     63.8     610-910       824   214.60-237.20   227.60

Total all grades 118,396     64.0     580-988       847   210.09-276.39   233.97

HEIFER

Over 80% Choice   15,370     63.7     640-954       770   227.09-271.86   237.74

65 - 80% Choice   24,662     64.0     636-945       765   224.80-266.19   233.90

35 - 65% Choice   24,108     63.8     630-848       748   214.78-240.62   231.31

 0 - 35% Choice      790     60.5     713-841       752   212.15-234.67   224.39

Total all grades  64,930     63.8     630-954       760   212.15-271.86   233.73

MIXED STEER/HEIFER

Over 80% Choice    5,800     62.9     665-917       788   225.35-264.65   240.13

65 - 80% Choice    3,951     62.8     636-924       799   218.70-241.86   233.46

35 - 65% Choice    3,118     62.9     602-932       769   214.34-239.15   230.57

 0 - 35% Choice    1,238     61.3     628-810       714   216.01-234.00   229.10

Total all grades  14,107     62.7     602-932       780   214.34-264.65   235.18

ALL STEERS & HEIFERS

Total all grades 197,433     63.8     580-988       814   210.09-276.39   233.98

MIXED STEER/HEIFER/COW

Over 80% Choice    1,323     63.6     631-988       827   225.77-242.98   232.10

65 - 80% Choice    2,040     63.6     655-948       811   224.44-236.86   231.18

35 - 65% Choice    3,342     63.1     563-1,059     795   208.30-234.98   224.99

 0 - 35% Choice    2,790     59.5     569-1,072     928   195.84-229.31   208.21

Total all grades   9,495     62.2     563-1,072     842   195.84-242.98   222.38

DAIRYBRED STEER/HEIFER

Over 80% Choice    8,365     61.5     692-957       856   222.20-244.24   229.80

65 - 80% Choice    7,840     61.4     693-946       837   213.72-236.26   226.77

35 - 65% Choice    6,185     61.5     645-933       829   215.16-231.00   224.53

 0 - 35% Choice      339     60.4     694-946       811   216.29-224.00   221.19

Total all grades  22,729     61.5     645-957       841   213.72-244.24   227.19



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,922     62.7   1,119-1,557   1,314   141.15-169.22   151.11

65 - 80% Choice    4,707     63.1   1,129-1,494   1,372   142.50-164.48   147.48

35 - 65% Choice   12,135     63.2   1,075-1,632   1,279   141.87-164.08   145.74

 0 - 35% Choice      711     62.5   1,244-1,543   1,333   138.00-146.50   143.92

Total all grades  21,475     63.1   1,075-1,632   1,308   138.00-169.22   147.04

HEIFER

Over 80% Choice      720     62.6   1,117-1,297   1,209   145.50-164.70   151.00

65 - 80% Choice    2,897     63.4   1,070-1,353   1,222   144.94-168.60   147.77

35 - 65% Choice    5,513     63.1   1,037-1,353   1,180   141.63-147.75   145.60

 0 - 35% Choice                          -                      -

Total all grades   9,130     63.1   1,037-1,353   1,196   141.63-168.60   146.72

MIXED STEER/HEIFER

Over 80% Choice      341     62.4   1,253-1,459   1,322   146.00-155.75   148.26

65 - 80% Choice    1,205     62.3   1,170-1,423   1,282   146.00-163.00   153.01

35 - 65% Choice    1,092     63.4   1,172-1,334   1,245   142.10-151.90   144.64

 0 - 35% Choice                          -                      -

Total all grades   2,638     62.8   1,170-1,459   1,272   142.10-163.00   148.93

ALL STEERS & HEIFERS

Total all grades  33,243     63.1   1,037-1,632   1,274   138.00-169.22   147.10

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      395     59.7   1,255-1,395   1,351   134.74-137.66   135.76

65 - 80% Choice      260     60.4   1,231-1,352   1,313   136.44-138.00   137.68

35 - 65% Choice    1,046     61.0   1,132-1,384   1,312   132.00-137.94   135.37

 0 - 35% Choice                          -                      -

Total all grades   1,701     60.6   1,132-1,395   1,321   132.00-138.00   135.81



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,270     63.2     647-925       832   232.83-246.25   239.50

65 - 80% Choice    1,603     62.6     709-935       821   226.17-241.85   236.36

35 - 65% Choice    1,111     62.4     693-946       848   214.23-242.93   231.17

 0 - 35% Choice      197     64.9     773-970       836   209.22-231.00   227.94

Total all grades   5,181     62.9     647-970       832   209.22-246.25   236.30

HEIFER

Over 80% Choice      251     62.6     728-812       750   238.91-246.02   240.49

65 - 80% Choice      336     63.3     686-885       756   228.25-237.37   235.17

35 - 65% Choice      241     64.2     700-938       813   220.50-231.29   227.34

 0 - 35% Choice      540     62.5     716-978       844   209.61-230.00   219.39

Total all grades   1,368     63.0     686-978       800   209.61-246.02   228.54

MIXED STEER/HEIFER

Over 80% Choice    1,943     63.3     642-907       809   221.78-245.89   238.57

65 - 80% Choice      569     62.4     712-887       786   225.26-243.41   234.28

35 - 65% Choice    1,174     64.0     698-873       793   221.62-234.58   227.07

 0 - 35% Choice    1,115     64.3     739-911       831   211.90-231.50   224.87

Total all grades   4,801     63.6     642-911       808   211.90-245.89   232.07

ALL STEERS & HEIFERS

Total all grades  11,350     63.2     642-978       818   209.22-246.25   233.57

MIXED STEER/HEIFER/COW

Over 80% Choice      187     65.3     795-864       811   234.78-235.00   234.95

65 - 80% Choice    1,039     62.9     715-903       819   224.81-235.37   232.55

35 - 65% Choice      520     60.8     693-953       871   214.31-227.28   222.92

 0 - 35% Choice      146     58.6     782-1,022     868   214.97-220.08   217.95

Total all grades   1,892     62.2     693-1,022     836   214.31-235.37   229.01

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,841     60.0     735-969       841   214.96-234.81   227.21

65 - 80% Choice      394     59.8     692-861       813   216.81-230.00   225.03

35 - 65% Choice      343     60.8     741-900       804   220.00-228.38   222.79

 0 - 35% Choice      269     59.0     745-874       821   224.42-228.00   227.84

Total all grades   2,847     60.0     692-969       831   214.96-234.81   226.44



                        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                          -                      -

35 - 65% Choice       38     64.6   1,271-1,271   1,271   145.00-145.00   145.00

 0 - 35% Choice      299     64.3   1,215-1,269   1,246   142.68-145.00   143.65

Total all grades     337     64.3   1,215-1,271   1,249   142.68-145.00   143.80

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       86     65.2   1,145-1,145   1,145   146.00-146.00   146.00

 0 - 35% Choice      127     63.8   1,128-1,207   1,181   146.00-146.00   146.00

Total all grades     213     64.3   1,128-1,207   1,166   146.00-146.00   146.00

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       90     64.0   1,189-1,208   1,198   143.25-144.50   143.83

35 - 65% Choice      966     63.4   1,095-1,515   1,235   140.68-144.25   142.68

 0 - 35% Choice    1,100     63.9   1,086-1,350   1,215   141.26-145.00   143.64

Total all grades   2,156     63.7   1,086-1,515   1,223   140.68-145.00   143.22

ALL STEERS & HEIFERS

Total all grades   2,706     63.8   1,086-1,515   1,222   140.68-146.00   143.51

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      136     61.1   1,285-1,488   1,408   134.78-140.39   138.94

65 - 80% Choice      506     61.8   1,264-1,437   1,373   135.66-138.50   136.73

35 - 65% Choice      462     62.1   1,186-1,386   1,362   133.77-138.00   136.83

 0 - 35% Choice       74     61.4   1,324-1,324   1,324   134.22-134.22   134.22

Total all grades   1,178     61.8   1,186-1,488   1,369   133.77-140.39   136.87



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,783     63.8     702-1,036     863   204.72-230.53   214.18

65 - 80% Choice    7,225     63.5     709-972       879   202.05-232.99   216.92

35 - 65% Choice   12,173     63.2     713-927       847   202.05-237.37   221.16

 0 - 35% Choice    1,890     63.6     737-904       807   201.70-228.50   211.07

Total all grades  27,071     63.4     702-1,036     856   201.70-237.37   217.83

HEIFER

Over 80% Choice    4,232     63.4     674-944       808   207.04-235.64   216.79

65 - 80% Choice    3,623     63.3     724-885       789   207.19-233.48   218.04

35 - 65% Choice    4,138     63.6     697-865       766   200.96-228.06   213.24

 0 - 35% Choice       47     63.8     777-777       777   212.04-212.04   212.04

Total all grades  12,040     63.4     674-944       788   200.96-235.64   215.93

MIXED STEER/HEIFER

Over 80% Choice      909     62.0     713-914       808   208.53-218.25   212.93

65 - 80% Choice    1,779     62.6     693-914       808   208.80-221.94   215.15

35 - 65% Choice    2,398     63.2     619-868       747   206.64-221.66   218.42

 0 - 35% Choice      110     63.0     758-758       758   218.18-218.18   218.18

Total all grades   5,196     62.7     619-914       779   206.64-221.94   216.34

ALL STEERS & HEIFERS

Total all grades  44,307     63.4     619-1,036     829   200.96-237.37   217.14

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      452     62.9     707-882       822   211.94-230.33   223.57

35 - 65% Choice      237     64.6     863-914       892   230.36-230.38   230.37

 0 - 35% Choice                          -                      -

Total all grades     689     63.5     707-914       846   211.94-230.38   225.91

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,976     61.0     702-931       801   188.81-234.12   209.36

65 - 80% Choice    4,893     61.2     669-905       829   189.26-229.69   207.60

35 - 65% Choice    3,237     61.1     647-922       818   188.77-220.53   208.67

 0 - 35% Choice                          -                      -

Total all grades  14,106     61.1     647-931       814   188.77-234.12   208.59



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,175     63.5   1,200-1,574   1,291   130.00-151.84   139.12

65 - 80% Choice      751     63.1   1,187-1,460   1,297   128.50-146.70   138.56

35 - 65% Choice    2,545     62.8   1,225-1,466   1,292   135.00-146.70   142.96

 0 - 35% Choice                          -                      -

Total all grades   4,471     63.0   1,187-1,574   1,293   128.50-151.84   141.21

HEIFER

Over 80% Choice      126     62.9   1,204-1,204   1,204   133.97-133.97   133.97

65 - 80% Choice      466     63.3   1,070-1,225   1,122   129.40-143.25   137.48

35 - 65% Choice    1,605     63.4   1,085-1,358   1,133   128.28-143.40   140.89

 0 - 35% Choice      186     64.4   1,125-1,125   1,125   143.40-143.40   143.40

Total all grades   2,383     63.4   1,070-1,358   1,134   128.28-143.40   140.06

MIXED STEER/HEIFER

Over 80% Choice      171     63.9   1,157-1,340   1,236   131.35-148.68   141.18

65 - 80% Choice      346     62.5   1,088-1,283   1,227   132.24-153.08   142.12

35 - 65% Choice      359     63.2   1,118-1,155   1,140   136.00-136.00   136.00

 0 - 35% Choice                          -                      -

Total all grades     876     63.0   1,088-1,340   1,193   131.35-153.08   139.43

ALL STEERS & HEIFERS

Total all grades   7,730     63.1   1,070-1,574   1,233   128.28-153.08   140.65

MIXED STEER/HEIFER/COW

Over 80% Choice      432     63.4   1,273-1,295   1,280   133.00-135.00   133.88

65 - 80% Choice      149     63.1   1,230-1,230   1,230   132.05-132.05   132.05

35 - 65% Choice       82     62.2   1,197-1,197   1,197   134.07-134.07   134.07

 0 - 35% Choice                          -                      -

Total all grades     663     63.2   1,197-1,295   1,259   132.05-135.00   133.49

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      330     60.7   1,364-1,394   1,375   118.70-118.80   118.73

35 - 65% Choice       47     59.4   1,353-1,353   1,353   119.00-119.00   119.00

 0 - 35% Choice                          -                      -

Total all grades     377     60.5   1,353-1,394   1,372   118.70-119.00   118.76



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                77,663    59,499        798    231.00    231.95

KANSAS                  47,254    41,273        828    234.28    235.09

NEBRASKA                30,928    36,209        843    238.32    240.29

COLORADO                15,036    16,274        806    239.95    239.91

WESTERN CORNBELT         7,967     5,216        814    236.38    238.91

 TOTAL 5-AREA          178,326   158,086        815    234.11    235.70

N.CENTRAL/E.MT           2,517     2,687        791    237.50    238.37

WESTERN STATES          15,248    13,246        801    231.67    233.84

EASTERN CORNBELT           820       646        840    234.69    236.81

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                17,899    15,620      1,239    146.48    147.63

KANSAS                   7,746     9,416      1,297    146.04    147.34

NEBRASKA                 4,210     3,994      1,354    150.44    154.54

COLORADO                 1,297       778      1,315    151.41    152.52

WESTERN CORNBELT           851       655      1,393    150.60    152.27

 TOTAL 5-AREA           32,003    30,463      1,275    147.20    148.67

N.CENTRAL/E.MT             696       121      1,342    145.38    164.48

WESTERN STATES             544     1,187      1,106    143.45    142.55

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,446     1,106        763    204.27    208.09

KANSAS                  12,603     6,220        835    224.34    223.30

NEBRASKA                15,250     7,378        850    215.17    211.97

COLORADO                 8,390     4,331        794    213.99    212.59

WESTERN CORNBELT         2,296       685        807    212.15    212.56

 TOTAL 5-AREA           39,985    19,720        828    217.25    215.48

N.CENTRAL/E.MT           2,856       942        824    212.42    216.31

WESTERN STATES           1,122     1,353        876    227.76    229.39

EASTERN CORNBELT           113       130        804    202.12    200.24

NORTHEASTERN STATE         231       302        784    212.64    215.40



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,299     3,326      1,241    139.85    143.21

KANSAS                   2,221     7,481      1,181    143.76    145.39

NEBRASKA                 1,104       880      1,274    142.04    144.37

COLORADO                    50       168      1,225    135.57    134.32

WESTERN CORNBELT           770     1,315      1,283    134.36    133.23

 TOTAL 5-AREA            7,444    13,170      1,232    140.75    143.42

N.CENTRAL/E.MT             135       431      1,220    146.51    138.74

WESTERN STATES

EASTERN CORNBELT           151       185      1,261    130.85    135.03

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,429     3,738        807    227.10    226.53

KANSAS                     544       184        783    227.38    233.27

NEBRASKA                 2,184     2,207        845    236.97    237.52

COLORADO                   344       126        878    235.69    231.48

WESTERN CORNBELT         1,414     1,360        832    231.98    234.52

 TOTAL 5-AREA            6,718     7,429        826    231.40    231.16

N.CENTRAL/E.MT           1,920       539        824    239.04    239.27

WESTERN STATES

EASTERN CORNBELT         1,340     1,180        792    235.68    235.25

NORTHEASTERN STATE       1,042       726        790    233.31    229.34



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,706     2,448      1,222    143.51    142.71

KANSAS

NEBRASKA                              40                         140.82

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,706     2,488      1,222    143.51    142.68

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT                      41                         149.57

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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