Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Jun 9, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 06/08/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            228,722  37,382  266,104       204,880        283,933

Negotiated Grid Net:     19,712   4,351   24,063        12,601         31,720

Forward Contract Net:    39,980  17,563   57,543        59,575         43,297



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   24,559     63.7     717-981       855   222.59-272.13   235.54

65 - 80% Choice   35,347     64.0     656-969       857   217.39-270.47   230.39

35 - 65% Choice   58,722     64.0     636-964       846   210.72-270.11   228.65

 0 - 35% Choice    6,422     64.3     692-959       841   213.72-235.81   226.74

Total all grades 125,050     64.0     636-981       851   210.72-272.13   230.39

HEIFER

Over 80% Choice   17,566     63.6     660-913       773   219.69-264.43   233.32

65 - 80% Choice   23,731     63.8     672-883       761   222.53-234.92   229.75

35 - 65% Choice   17,823     64.1     637-904       755   219.15-233.21   227.11

 0 - 35% Choice    1,672     63.7     728-827       763   225.40-231.52   230.37

Total all grades  60,792     63.8     637-913       763   219.15-264.43   230.02

MIXED STEER/HEIFER

Over 80% Choice    6,922     63.1     643-975       800   217.01-275.19   234.19

65 - 80% Choice    4,114     63.3     680-982       808   222.33-238.00   230.35

35 - 65% Choice    1,191     63.2     688-882       783   211.97-232.71   227.75

 0 - 35% Choice    1,110     61.1     701-872       739   225.06-232.00   226.37

Total all grades  13,337     63.0     643-982       796   211.97-275.19   231.78

ALL STEERS & HEIFERS

Total all grades 199,179     63.9     636-982       820   210.72-275.19   230.37

MIXED STEER/HEIFER/COW

Over 80% Choice    1,892     63.8     691-856       804   218.70-238.62   234.38

65 - 80% Choice    2,617     63.6     672-883       763   221.66-237.16   229.15

35 - 65% Choice    2,310     62.3     579-1,043     820   208.71-234.62   221.34

 0 - 35% Choice    1,645     59.4     632-990       830   186.98-228.50   203.93

Total all grades   8,464     62.5     579-1,043     801   186.98-238.62   223.29

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,801     61.5     709-961       862   213.33-232.59   223.98

65 - 80% Choice    7,252     61.8     695-931       849   209.71-229.88   222.59

35 - 65% Choice    5,972     61.4     728-929       828   208.34-227.20   220.02

 0 - 35% Choice    1,054     61.3     791-878       835   214.65-225.59   217.58

Total all grades  21,079     61.6     695-961       846   208.34-232.59   222.06



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,600     63.0   1,127-1,603   1,307   139.30-168.10   149.89

65 - 80% Choice    4,576     62.8   1,084-1,468   1,337   140.17-165.09   145.87

35 - 65% Choice   13,080     62.7   1,086-1,543   1,330   136.00-165.10   143.85

 0 - 35% Choice    1,501     63.0     966-1,438   1,291   139.38-145.21   143.71

Total all grades  21,757     62.8     966-1,603   1,326   136.00-168.10   144.98

HEIFER

Over 80% Choice    1,317     62.9   1,015-1,261   1,157   144.00-164.13   150.05

65 - 80% Choice    4,068     63.1   1,052-1,486   1,224   140.53-161.35   145.10

35 - 65% Choice    5,721     62.9     968-1,353   1,160   139.38-146.16   143.79

 0 - 35% Choice      278     63.0   1,063-1,433   1,157   143.00-145.00   144.37

Total all grades  11,384     63.0     968-1,486   1,183   139.38-164.13   145.00

MIXED STEER/HEIFER

Over 80% Choice    1,186     62.8   1,176-1,312   1,252   139.80-158.74   148.61

65 - 80% Choice      439     61.1   1,205-1,355   1,285   143.09-161.60   154.77

35 - 65% Choice      621     63.0   1,144-1,445   1,267   141.00-146.85   143.91

 0 - 35% Choice      193     63.8   1,206-1,206   1,206   143.71-143.71   143.71

Total all grades   2,439     62.6   1,144-1,445   1,258   139.80-161.60   148.13

ALL STEERS & HEIFERS

Total all grades  35,580     62.8     966-1,603   1,275   136.00-168.10   145.20

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      513     60.6   1,422-1,480   1,452   130.65-135.74   133.48

65 - 80% Choice      581     60.7   1,348-1,360   1,354   133.09-135.38   134.39

35 - 65% Choice      708     61.7   1,250-1,496   1,356   131.00-137.82   134.67

 0 - 35% Choice                          -                      -

Total all grades   1,802     61.1   1,250-1,496   1,383   130.65-137.82   134.24



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,138     63.6     693-965       853   227.94-242.22   235.21

65 - 80% Choice    1,339     64.0     648-925       829   221.36-237.89   230.05

35 - 65% Choice    1,531     63.7     765-939       825   221.43-235.64   229.43

 0 - 35% Choice      583     63.8     722-925       865   218.45-234.43   230.28

Total all grades   5,591     63.7     648-965       841   218.45-242.22   231.88

HEIFER

Over 80% Choice      441     63.8     701-838       767   231.77-237.24   232.65

65 - 80% Choice    1,234     62.8     690-878       742   220.98-236.77   230.14

35 - 65% Choice      904     63.4     683-957       831   221.21-233.00   227.45

 0 - 35% Choice      442     62.3     810-930       871   210.04-232.00   217.41

Total all grades   3,021     63.1     683-957       791   210.04-237.24   227.84

MIXED STEER/HEIFER

Over 80% Choice    2,244     63.3     651-901       788   224.50-245.21   233.46

65 - 80% Choice    1,067     62.8     618-947       852   209.81-239.51   229.99

35 - 65% Choice    1,770     63.4     602-900       779   209.03-240.83   223.67

 0 - 35% Choice    1,090     64.0     633-893       819   210.14-229.00   222.74

Total all grades   6,171     63.4     602-947       802   209.03-245.21   228.16

ALL STEERS & HEIFERS

Total all grades  14,783     63.4     602-965       815   209.03-245.21   229.50

MIXED STEER/HEIFER/COW

Over 80% Choice      269     64.5     770-797       792   230.86-236.51   231.88

65 - 80% Choice       63     62.7     747-809       768   221.37-230.01   227.13

35 - 65% Choice      345     60.1     784-1,000     904   210.39-229.33   222.54

 0 - 35% Choice      764     58.9     801-896       857   205.01-219.71   212.61

Total all grades   1,441     60.4     747-1,000     852   205.01-236.51   219.22

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,311     60.2     708-972       846   215.91-232.05   225.92

65 - 80% Choice      516     60.8     765-890       823   206.76-231.18   221.12

35 - 65% Choice      661     59.5     694-846       817   207.33-222.16   215.01

 0 - 35% Choice                          -                      -

Total all grades   3,488     60.2     694-972       837   206.76-232.05   223.14



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice       17     65.4   1,337-1,337   1,337   142.38-142.38   142.38

65 - 80% Choice                          -                      -

35 - 65% Choice       81     63.8   1,209-1,345   1,274   142.00-146.00   143.93

 0 - 35% Choice       59     63.5   1,100-1,219   1,134   140.00-141.00   140.29

Total all grades     157     63.9   1,100-1,345   1,229   140.00-146.00   142.39

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       40     63.5   1,206-1,206   1,206   142.13-142.13   142.13

35 - 65% Choice      180     64.7   1,055-1,095   1,072   143.00-144.00   143.87

 0 - 35% Choice      109     63.0   1,128-1,360   1,179   142.00-143.00   142.22

Total all grades     329     64.0   1,055-1,360   1,124   142.00-144.00   143.11

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       71     63.8   1,164-1,164   1,164   145.00-145.00   145.00

35 - 65% Choice    1,447     63.6   1,136-1,503   1,253   134.56-146.00   141.09

 0 - 35% Choice    1,147     63.4   1,009-1,389   1,254   137.50-144.00   141.99

Total all grades   2,665     63.5   1,009-1,503   1,251   134.56-146.00   141.58

ALL STEERS & HEIFERS

Total all grades   3,151     63.6   1,009-1,503   1,237   134.56-146.00   141.78

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      890     61.8   1,270-1,450   1,365   131.70-136.00   134.51

35 - 65% Choice      310     62.1   1,345-1,415   1,377   134.10-136.95   136.51

 0 - 35% Choice                          -                      -

Total all grades   1,200     61.8   1,270-1,450   1,368   131.70-136.95   135.03



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,103     63.7     685-972       854   203.12-236.53   217.14

65 - 80% Choice    6,059     63.9     718-948       849   207.83-232.22   216.79

35 - 65% Choice    6,031     63.5     771-934       850   203.94-226.21   216.32

 0 - 35% Choice      576     64.4     799-945       861   201.06-220.94   211.11

Total all grades  17,769     63.7     685-972       851   201.06-236.53   216.55

HEIFER

Over 80% Choice    3,372     63.9     722-908       802   204.02-234.95   217.16

65 - 80% Choice    1,902     63.9     742-900       801   204.02-222.05   211.84

35 - 65% Choice    3,421     64.1     700-838       778   199.66-226.20   213.56

 0 - 35% Choice      289     64.3     715-792       752   210.43-220.27   215.47

Total all grades   8,984     64.0     700-908       791   199.66-234.95   214.61

MIXED STEER/HEIFER

Over 80% Choice      327     63.9     668-910       755   208.11-220.82   215.55

65 - 80% Choice       39     59.9     801-801       801   208.32-208.32   208.32

35 - 65% Choice    1,471     63.2     703-818       760   214.73-219.24   218.64

 0 - 35% Choice      661     62.8     665-884       763   205.65-219.24   210.93

Total all grades   2,498     63.1     665-910       761   205.65-220.82   216.03

ALL STEERS & HEIFERS

Total all grades  29,251     63.8     665-972       825   199.66-236.53   215.91

MIXED STEER/HEIFER/COW

Over 80% Choice       57     64.4     860-860       860   229.03-229.03   229.03

65 - 80% Choice                          -                      -

35 - 65% Choice       36     58.1     823-823       823   187.24-187.24   187.24

 0 - 35% Choice                          -                      -

Total all grades      93     62.0     823-860       845   187.24-229.03   212.85

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,209     61.0     715-916       792   192.37-229.03   206.22

65 - 80% Choice    2,464     61.1     710-921       824   190.12-225.57   206.42

35 - 65% Choice    2,901     60.7     693-871       792   183.99-219.74   208.07

 0 - 35% Choice       62     60.3     800-800       800   200.26-200.26   200.26

Total all grades  10,636     60.9     693-921       799   183.99-229.03   206.73



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,246     63.5   1,181-1,450   1,309   128.85-153.05   139.04

65 - 80% Choice    4,523     63.6   1,255-1,450   1,375   129.40-153.05   144.58

35 - 65% Choice    6,471     63.6   1,200-1,450   1,349   129.50-146.50   141.81

 0 - 35% Choice      311     62.5   1,250-1,404   1,299   130.40-140.25   135.64

Total all grades  12,551     63.6   1,181-1,450   1,353   128.85-153.05   142.38

HEIFER

Over 80% Choice      489     63.1   1,154-1,300   1,262   131.75-148.96   135.28

65 - 80% Choice    1,242     63.8   1,100-1,325   1,195   130.50-146.50   143.07

35 - 65% Choice    2,330     63.4   1,075-1,355   1,158   135.00-146.50   142.88

 0 - 35% Choice                          -                      -

Total all grades   4,061     63.5   1,075-1,355   1,182   130.50-148.96   142.02

MIXED STEER/HEIFER

Over 80% Choice       34     63.9   1,258-1,258   1,258   137.20-137.20   137.20

65 - 80% Choice      521     63.3   1,125-1,381   1,240   129.75-148.92   141.52

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     555     63.4   1,125-1,381   1,242   129.75-148.92   141.25

ALL STEERS & HEIFERS

Total all grades  17,167     63.5   1,075-1,450   1,309   128.85-153.05   142.26

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       68     61.7   1,373-1,412   1,393   128.00-132.07   130.04

65 - 80% Choice      328     60.6   1,402-1,451   1,425   117.42-118.00   117.63

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     396     60.8   1,373-1,451   1,419   117.42-132.07   119.76



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                70,138    43,673        800    227.13    229.63

KANSAS                  49,592    46,145        830    230.08    232.49

NEBRASKA                36,059    31,387        849    233.99    236.08

COLORADO                19,132    15,270        818    234.03    237.90

WESTERN CORNBELT         5,435     3,434        822    233.38    235.89

 TOTAL 5-AREA          179,520   139,515        821    230.21    233.07

N.CENTRAL/E.MT           4,830     3,743        820    234.50    237.72

WESTERN STATES          13,269     9,587        812    230.72    232.01

EASTERN CORNBELT           724       620        851    232.01    232.69

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                16,654    15,771      1,215    144.53    145.78

KANSAS                  10,150     5,091      1,317    144.24    145.17

NEBRASKA                 5,604     3,343      1,348    148.37    148.67

COLORADO                 1,201     1,744      1,311    146.84    149.43

WESTERN CORNBELT           880       547      1,370    150.04    153.36

 TOTAL 5-AREA           34,452    26,496      1,274    145.29    146.42

N.CENTRAL/E.MT           1,091       737      1,317    142.51    144.91

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,565     2,152        761    210.77    211.84

KANSAS                   6,547    12,516        809    218.88    222.10

NEBRASKA                10,821    14,771        838    212.30    213.50

COLORADO                 5,395     4,962        819    216.79    215.76

WESTERN CORNBELT         1,201     2,266        847    210.69    212.77

 TOTAL 5-AREA           25,489    36,627        822    214.77    216.60

N.CENTRAL/E.MT           1,241     2,318        813    215.21    212.12

WESTERN STATES           2,033       550        876    231.05    224.92

EASTERN CORNBELT            43        81        668    208.52    205.37

NORTHEASTERN STATE         405       472        809    214.77    213.69



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,144     1,914      1,300    136.34    142.45

KANSAS                  12,222     1,500      1,314    144.23    140.80

NEBRASKA                   652       970      1,246    148.27    145.92

COLORADO                    82       111      1,154    148.96    129.97

WESTERN CORNBELT         1,462     2,473      1,295    132.50    131.39

 TOTAL 5-AREA           16,451     6,894      1,307    142.44    138.54

N.CENTRAL/E.MT             400     1,671      1,334    140.42    138.31

WESTERN STATES

EASTERN CORNBELT           205       659      1,386    138.24    137.44

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,034     1,430        791    224.20    227.32

KANSAS                     697       126        810    227.00    226.27

NEBRASKA                 3,562     2,445        852    230.64    234.01

COLORADO                   325        32        856    238.07    232.32

WESTERN CORNBELT         2,314     1,387        812    230.95    230.30

 TOTAL 5-AREA           10,898     5,277        819    228.29    230.96

N.CENTRAL/E.MT           1,165       634        823    235.59    235.95

WESTERN STATES

EASTERN CORNBELT         1,518       661        799    230.94    233.20

NORTHEASTERN STATE         996       319        773    232.24    235.97



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,112     1,755      1,235    141.73    143.44

KANSAS

NEBRASKA                              42                         141.37

COLORADO

WESTERN CORNBELT                      36                         147.00

 TOTAL 5-AREA            3,112     1,833      1,235    141.73    143.46

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            39       125      1,345    146.00    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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