Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Jun 2, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 06/01/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            176,444  28,436  204,880       264,601        229,355

Negotiated Grid Net:     10,329   2,272   12,601        19,973         23,167

Forward Contract Net:    49,553  10,022   59,575        67,872         44,499



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   25,815     63.7     673-971       844   207.19-273.84   237.42

65 - 80% Choice   29,217     64.0     686-973       858   213.19-273.84   233.44

35 - 65% Choice   38,717     63.8     645-974       847   218.59-262.33   230.78

 0 - 35% Choice    4,012     64.2     700-906       837   219.48-234.08   227.92

Total all grades  97,761     63.8     645-974       849   207.19-273.84   233.21

HEIFER

Over 80% Choice   13,366     63.6     652-926       786   227.55-266.17   235.89

65 - 80% Choice   18,976     63.9     632-894       771   219.89-239.46   232.35

35 - 65% Choice   12,924     64.0     646-907       764   210.86-236.00   229.80

 0 - 35% Choice       23     63.3     750-750       750   229.95-229.95   229.95

Total all grades  45,289     63.9     632-926       773   210.86-266.17   232.67

MIXED STEER/HEIFER

Over 80% Choice    4,733     63.1     620-1,014     795   222.14-261.08   239.05

65 - 80% Choice    3,027     63.2     644-957       812   220.09-237.69   232.02

35 - 65% Choice    2,012     63.5     652-891       793   220.53-234.28   228.52

 0 - 35% Choice    1,079     61.2     680-785       729   218.11-252.81   229.91

Total all grades  10,851     63.0     620-1,014     793   218.11-261.08   234.23

ALL STEERS & HEIFERS

Total all grades 153,901     63.8     620-1,014     823   207.19-273.84   233.12

MIXED STEER/HEIFER/COW

Over 80% Choice      879     63.9     711-878       804   225.60-238.13   232.30

65 - 80% Choice    2,556     63.1     671-927       785   219.49-232.03   228.41

35 - 65% Choice    2,517     62.1     663-992       816   211.67-233.68   224.25

 0 - 35% Choice    2,077     60.4     739-1,075     975   193.59-216.04   206.64

Total all grades   8,029     62.2     663-1,075     846   193.59-238.13   221.90

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,640     61.8     748-968       859   216.86-236.78   226.92

65 - 80% Choice    4,905     61.8     700-956       855   210.93-230.28   223.29

35 - 65% Choice    4,916     61.2     656-929       828   203.70-229.36   221.47

 0 - 35% Choice       53     61.1     670-895       717   210.05-217.56   211.61

Total all grades  14,514     61.6     656-968       847   203.70-236.78   223.79



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,068     62.7   1,117-1,494   1,321   139.30-165.88   148.50

65 - 80% Choice    3,167     62.7   1,120-1,510   1,318   136.00-165.56   147.33

35 - 65% Choice    9,114     63.1   1,007-1,509   1,315   140.00-163.39   144.66

 0 - 35% Choice      825     62.6   1,116-1,595   1,286   139.00-146.71   143.37

Total all grades  16,174     62.9   1,007-1,595   1,315   136.00-165.88   145.85

HEIFER

Over 80% Choice    1,140     62.4   1,065-1,279   1,152   145.00-166.54   153.88

65 - 80% Choice    3,121     63.0   1,029-1,404   1,192   140.60-166.10   146.43

35 - 65% Choice    5,443     62.8   1,028-1,338   1,149   140.59-149.50   144.65

 0 - 35% Choice       41     63.0   1,013-1,013   1,013   140.54-140.54   140.54

Total all grades   9,745     62.9   1,013-1,404   1,163   140.54-166.54   146.28

MIXED STEER/HEIFER

Over 80% Choice      555     63.0   1,127-1,325   1,232   143.75-160.57   153.92

65 - 80% Choice      292     61.3   1,004-1,568   1,232   147.50-168.09   161.82

35 - 65% Choice      428     62.6   1,135-1,525   1,234   143.00-160.63   148.32

 0 - 35% Choice       39     62.0   1,377-1,377   1,377   147.50-147.50   147.50

Total all grades   1,314     62.5   1,004-1,568   1,237   143.00-168.09   153.66

ALL STEERS & HEIFERS

Total all grades  27,233     62.9   1,004-1,595   1,257   136.00-168.09   146.38

MIXED STEER/HEIFER/COW

Over 80% Choice       16     60.5   1,400-1,400   1,400   138.06-138.06   138.06

65 - 80% Choice       48     63.7   1,321-1,321   1,321   138.66-138.66   138.66

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      64     62.9   1,321-1,400   1,341   138.06-138.66   138.51

DAIRYBRED STEER/HEIFER

Over 80% Choice       94     61.2   1,306-1,378   1,336   135.00-135.66   135.39

65 - 80% Choice      182     60.4   1,331-1,386   1,344   134.00-136.58   134.60

35 - 65% Choice      863     60.2   1,212-1,455   1,341   133.00-136.38   133.91

 0 - 35% Choice                          -                      -

Total all grades   1,139     60.3   1,212-1,455   1,341   133.00-136.58   134.14



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,023     63.5     686-897       830   229.55-241.52   237.51

65 - 80% Choice    1,237     63.2     821-934       867   232.00-237.87   235.50

35 - 65% Choice    1,056     64.4     734-980       829   223.23-236.94   229.28

 0 - 35% Choice      273     63.7     823-902       849   220.65-234.00   228.12

Total all grades   3,589     63.7     686-980       844   220.65-241.52   233.68

HEIFER

Over 80% Choice      266     63.8     635-809       790   232.97-238.49   234.42

65 - 80% Choice      223     63.1     690-801       790   230.00-237.58   230.78

35 - 65% Choice       77     65.4     672-874       756   227.26-230.83   228.74

 0 - 35% Choice      271     61.9     800-912       865   211.25-219.67   212.94

Total all grades     837     63.1     635-912       811   211.25-238.49   225.97

MIXED STEER/HEIFER

Over 80% Choice    1,473     63.1     675-935       802   221.60-244.59   233.64

65 - 80% Choice      369     62.5     724-908       831   224.79-234.98   230.76

35 - 65% Choice      435     62.1     709-857       792   214.48-237.90   229.05

 0 - 35% Choice      344     64.3     741-891       824   215.27-230.00   225.91

Total all grades   2,621     63.0     675-935       807   214.48-244.59   231.46

ALL STEERS & HEIFERS

Total all grades   7,047     63.4     635-980       826   211.25-244.59   231.94

MIXED STEER/HEIFER/COW

Over 80% Choice      150     62.3     778-786       783   225.47-234.00   230.94

65 - 80% Choice      112     63.2     718-745       732   229.54-232.64   230.85

35 - 65% Choice      193     59.0     792-907       850   217.75-224.61   222.22

 0 - 35% Choice      663     60.5     797-981       914   204.68-215.20   212.26

Total all grades   1,118     60.7     718-981       867   204.68-234.00   218.35

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,650     60.3     735-944       831   217.10-232.00   225.51

65 - 80% Choice      318     60.2     641-925       818   210.96-228.00   221.89

35 - 65% Choice      185     59.9     725-893       805   203.80-228.95   221.52

 0 - 35% Choice       11     58.7     718-718       718   221.66-221.66   221.66

Total all grades   2,164     60.2     641-944       826   203.80-232.00   224.62



                        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       36     63.5   1,402-1,402   1,402   147.00-147.00   147.00

 0 - 35% Choice      201     64.1   1,087-1,305   1,260   138.58-144.00   142.56

Total all grades     237     64.0   1,087-1,402   1,282   138.58-147.00   143.23

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      221     63.8   1,083-1,428   1,218   139.09-145.15   142.04

 0 - 35% Choice       92     63.6   1,296-1,434   1,324   143.00-145.00   143.28

Total all grades     313     63.8   1,083-1,434   1,250   139.09-145.15   142.40

MIXED STEER/HEIFER

Over 80% Choice       42     62.9   1,295-1,295   1,295   141.37-141.37   141.37

65 - 80% Choice      125     63.9   1,234-1,284   1,250   147.00-149.00   148.34

35 - 65% Choice      468     63.7   1,157-1,330   1,235   140.72-146.00   144.34

 0 - 35% Choice      773     64.0   1,070-1,367   1,235   139.26-146.00   143.55

Total all grades   1,408     63.9   1,070-1,367   1,238   139.26-149.00   144.17

ALL STEERS & HEIFERS

Total all grades   1,958     63.9   1,070-1,434   1,245   138.58-149.00   143.78

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      102     60.4   1,361-1,361   1,361   134.00-134.00   134.00

65 - 80% Choice      101     60.8   1,329-1,367   1,356   131.85-133.27   132.86

35 - 65% Choice       99     58.9   1,401-1,401   1,401   134.00-134.00   134.00

 0 - 35% Choice       12     62.0   1,059-1,059   1,059   131.85-131.85   131.85

Total all grades     314     60.1   1,059-1,401   1,360   131.85-134.00   133.55



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    7,361     63.6     696-983       859   202.99-232.37   216.07

65 - 80% Choice    8,239     63.6     719-981       874   200.45-236.51   216.15

35 - 65% Choice    8,843     63.5     743-952       839   202.07-236.01   216.71

 0 - 35% Choice    1,444     63.0     699-853       804   205.38-227.25   220.90

Total all grades  25,887     63.5     696-983       854   200.45-236.51   216.58

HEIFER

Over 80% Choice    2,337     64.0     683-906       803   205.20-229.62   214.04

65 - 80% Choice    4,277     63.7     674-881       790   201.56-227.34   213.51

35 - 65% Choice    3,915     63.7     686-854       765   206.55-230.62   217.81

 0 - 35% Choice    1,134     62.1     668-825       721   214.10-225.75   221.83

Total all grades  11,663     63.6     668-906       777   201.56-230.62   215.87

MIXED STEER/HEIFER

Over 80% Choice      565     63.0     761-861       813   206.89-238.71   218.61

65 - 80% Choice    1,085     62.7     760-907       841   206.79-220.82   214.38

35 - 65% Choice      888     62.7     696-872       805   218.74-219.24   218.96

 0 - 35% Choice                          -                      -

Total all grades   2,538     62.8     696-907       822   206.79-238.71   216.93

ALL STEERS & HEIFERS

Total all grades  40,088     63.5     668-983       830   200.45-238.71   216.40

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      525     63.3     754-792       775   206.94-210.99   208.57

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     525     63.3     754-792       775   206.94-210.99   208.57

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,735     60.8     706-922       797   193.26-230.89   207.80

65 - 80% Choice    2,289     61.0     668-900       820   187.52-227.97   203.71

35 - 65% Choice    2,854     60.8     747-887       818   189.93-221.26   209.15

 0 - 35% Choice       62     62.3     724-858       780   203.65-213.54   207.80

Total all grades   8,940     60.9     668-922       809   187.52-230.89   207.18



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,538     63.6   1,225-1,546   1,378   129.00-151.23   139.13

65 - 80% Choice    1,308     63.2   1,231-1,419   1,338   129.60-140.30   134.11

35 - 65% Choice    2,965     63.1   1,200-1,418   1,321   130.25-151.70   140.60

 0 - 35% Choice      171     62.2   1,200-1,375   1,250   134.40-136.00   134.86

Total all grades   5,982     63.2   1,200-1,546   1,337   129.00-151.70   138.64

HEIFER

Over 80% Choice      342     63.2   1,159-1,336   1,226   131.97-135.00   133.27

65 - 80% Choice      705     63.5   1,100-1,227   1,196   129.00-143.25   137.39

35 - 65% Choice    1,123     63.6   1,065-1,175   1,119   131.15-143.25   141.78

 0 - 35% Choice                          -                      -

Total all grades   2,170     63.5   1,065-1,336   1,161   129.00-143.25   139.01

MIXED STEER/HEIFER

Over 80% Choice      506     63.3   1,138-1,364   1,257   129.00-151.69   141.05

65 - 80% Choice      564     62.8   1,178-1,341   1,266   128.20-136.00   131.78

35 - 65% Choice       76     63.9   1,352-1,352   1,352   128.31-128.31   128.31

 0 - 35% Choice                          -                      -

Total all grades   1,146     63.1   1,138-1,364   1,268   128.20-151.69   135.64

ALL STEERS & HEIFERS

Total all grades   9,298     63.3   1,065-1,546   1,288   128.20-151.70   138.36

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      167     63.5   1,187-1,187   1,187   131.20-131.20   131.20

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     167     63.5   1,187-1,187   1,187   131.20-131.20   131.20

DAIRYBRED STEER/HEIFER

Over 80% Choice       69     61.4   1,358-1,440   1,398   119.80-131.02   125.33

65 - 80% Choice      214     60.8   1,380-1,437   1,401   118.70-121.93   120.30

35 - 65% Choice      274     61.7   1,333-1,396   1,378   118.70-121.85   120.08

 0 - 35% Choice                          -                      -

Total all grades     557     61.3   1,333-1,440   1,389   118.70-131.02   120.82



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                43,673    77,663        810    229.63    231.00

KANSAS                  46,145    47,254        832    232.49    234.28

NEBRASKA                31,387    30,928        841    236.08    238.32

COLORADO                15,270    15,036        811    237.90    239.95

WESTERN CORNBELT         3,434     7,967        831    235.89    236.38

 TOTAL 5-AREA          139,515   178,326        825    233.07    234.11

N.CENTRAL/E.MT           3,743     2,517        813    237.72    237.50

WESTERN STATES           9,587    15,248        794    232.01    231.67

EASTERN CORNBELT           620       820        859    232.69    234.69

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                15,771    17,899      1,221    145.78    146.48

KANSAS                   5,091     7,746      1,286    145.17    146.04

NEBRASKA                 3,343     4,210      1,346    148.67    150.44

COLORADO                 1,744     1,297      1,290    149.43    151.41

WESTERN CORNBELT           547       851      1,359    153.36    150.60

 TOTAL 5-AREA           26,496    32,003      1,257    146.42    147.20

N.CENTRAL/E.MT             737       696      1,270    144.91    145.38

WESTERN STATES                       544                         143.45

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,152     1,446        767    211.84    204.27

KANSAS                  12,516    12,603        819    222.10    224.34

NEBRASKA                14,771    15,250        852    213.50    215.17

COLORADO                 4,962     8,390        816    215.76    213.99

WESTERN CORNBELT         2,266     2,296        824    212.77    212.15

 TOTAL 5-AREA           36,627    39,985        829    216.60    217.25

N.CENTRAL/E.MT           2,318     2,856        835    212.12    212.42

WESTERN STATES             550     1,122        871    224.92    227.76

EASTERN CORNBELT            81       113        697    205.37    202.12

NORTHEASTERN STATE         472       231        807    213.69    212.64



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,914     3,299      1,291    142.45    139.85

KANSAS                   1,500     2,221      1,160    140.80    143.76

NEBRASKA                   970     1,104      1,346    145.92    142.04

COLORADO                   111        50      1,328    129.97    135.57

WESTERN CORNBELT         2,473       770      1,302    131.39    134.36

 TOTAL 5-AREA            6,894     7,444      1,274    138.54    140.75

N.CENTRAL/E.MT           1,671       135      1,307    138.31    146.51

WESTERN STATES

EASTERN CORNBELT           659       151      1,374    137.44    130.85

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,430     2,429        813    227.32    227.10

KANSAS                     126       544        831    226.27    227.38

NEBRASKA                 2,445     2,184        855    234.01    236.97

COLORADO                    32       344        980    232.32    235.69

WESTERN CORNBELT         1,387     1,414        807    230.30    231.98

 TOTAL 5-AREA            5,277     6,718        835    230.96    231.40

N.CENTRAL/E.MT             634     1,920        815    235.95    239.04

WESTERN STATES

EASTERN CORNBELT           661     1,340        800    233.20    235.68

NORTHEASTERN STATE         319     1,042        807    235.97    233.31



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,755     2,706      1,241    143.44    143.51

KANSAS

NEBRASKA                    42                1,295    141.37

COLORADO

WESTERN CORNBELT            36                1,402    147.00

 TOTAL 5-AREA            1,833     2,706      1,245    143.46    143.51

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT           125                1,250    148.34

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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