Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jun 16, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 06/15/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            200,537  28,426  228,963       266,104        273,303

Negotiated Grid Net:     22,095   3,700   25,795        24,063         27,611

Forward Contract Net:    31,358   9,542   40,900        57,543         36,030



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   19,933     63.8     650-1,021     849   224.16-270.50   235.03

65 - 80% Choice   32,348     64.2     663-990       868   212.23-237.75   230.06

35 - 65% Choice   37,633     64.3     669-983       856   213.67-234.59   228.20

 0 - 35% Choice   13,981     63.7     720-968       853   214.96-258.63   232.49

Total all grades 103,895     64.1     650-1,021     858   212.23-270.50   230.67

HEIFER

Over 80% Choice   17,001     63.9     679-930       775   223.58-266.52   232.55

65 - 80% Choice   21,972     64.0     638-1,010     766   209.33-258.51   229.99

35 - 65% Choice   15,786     64.3     604-908       749   214.04-234.00   228.34

 0 - 35% Choice    5,479     63.5     682-881       785   223.69-258.81   232.32

Total all grades  60,238     64.0     604-1,010     766   209.33-266.52   230.49

MIXED STEER/HEIFER

Over 80% Choice    7,051     63.2     604-964       802   226.13-272.98   238.50

65 - 80% Choice    3,237     63.0     614-968       806   220.09-235.46   231.43

35 - 65% Choice    1,870     63.1     625-934       779   213.11-249.29   228.59

 0 - 35% Choice    1,958     62.2     687-914       787   204.82-233.96   228.79

Total all grades  14,116     63.0     604-968       798   204.82-272.98   234.22

ALL STEERS & HEIFERS

Total all grades 178,249     64.0     604-1,021     822   204.82-272.98   230.89

MIXED STEER/HEIFER/COW

Over 80% Choice    1,032     62.8     722-874       788   216.38-239.22   231.70

65 - 80% Choice    2,415     62.6     654-938       817   219.77-239.64   229.02

35 - 65% Choice    2,337     62.0     554-1,013     790   206.69-231.22   223.00

 0 - 35% Choice    1,416     59.1     749-1,036     908   192.27-231.12   203.20

Total all grades   7,200     61.7     554-1,036     822   192.27-239.64   222.37

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,308     61.9     720-993       860   217.92-228.86   224.45

65 - 80% Choice    5,218     62.0     654-941       865   213.43-228.60   222.79

35 - 65% Choice    5,078     61.9     678-912       837   205.32-227.22   222.64

 0 - 35% Choice      484     61.1     746-883       805   208.83-224.00   221.78

Total all grades  15,088     61.9     654-993       852   205.32-228.86   223.18



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,537     62.8   1,031-1,489   1,300   142.13-168.44   155.30

65 - 80% Choice    3,676     62.9   1,097-1,458   1,385   143.00-166.87   146.74

35 - 65% Choice    8,600     62.9   1,029-1,515   1,347   141.60-146.00   144.78

 0 - 35% Choice      731     62.7   1,059-1,528   1,318   137.00-146.00   144.26

Total all grades  16,544     62.9   1,029-1,528   1,344   137.00-168.44   147.44

HEIFER

Over 80% Choice    1,097     62.2   1,144-1,322   1,224   143.00-161.73   148.71

65 - 80% Choice    3,170     63.0   1,053-1,358   1,266   143.00-165.61   145.78

35 - 65% Choice    4,608     63.1     969-1,472   1,179   139.00-147.00   145.02

 0 - 35% Choice      319     62.8   1,201-1,201   1,201   147.00-147.00   147.00

Total all grades   9,194     63.0     969-1,472   1,215   139.00-165.61   145.79

MIXED STEER/HEIFER

Over 80% Choice      812     62.8   1,073-1,403   1,271   139.80-162.12   149.99

65 - 80% Choice      371     62.9   1,121-1,347   1,264   146.26-158.88   152.52

35 - 65% Choice      614     60.6   1,197-1,414   1,264   142.25-163.00   150.93

 0 - 35% Choice                          -                      -

Total all grades   1,797     62.0   1,073-1,414   1,267   139.80-163.00   150.83

ALL STEERS & HEIFERS

Total all grades  27,535     62.9     969-1,528   1,296   137.00-168.44   147.11

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      111     60.4   1,323-1,346   1,331   135.00-137.00   135.74

65 - 80% Choice      199     61.4   1,377-1,480   1,460   133.83-137.89   137.09

35 - 65% Choice      581     60.6   1,332-1,398   1,352   128.00-136.00   134.41

 0 - 35% Choice                          -                      -

Total all grades     891     60.8   1,323-1,480   1,374   128.00-137.89   135.18



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,185     63.2     663-976       849   227.06-241.62   233.99

65 - 80% Choice    1,331     63.6     714-919       839   220.39-237.36   229.49

35 - 65% Choice    1,635     63.8     621-970       805   208.76-237.10   226.64

 0 - 35% Choice    2,894     63.5     681-981       856   204.32-236.00   229.46

Total all grades   8,045     63.5     621-981       841   204.32-241.62   230.12

HEIFER

Over 80% Choice      571     63.3     706-806       747   229.56-239.94   234.96

65 - 80% Choice      787     62.8     728-878       787   226.50-235.02   231.24

35 - 65% Choice      707     64.1     671-1,041     781   216.02-233.50   229.97

 0 - 35% Choice    1,409     63.4     668-955       842   207.86-232.00   223.15

Total all grades   3,474     63.4     668-1,041     801   207.86-239.94   228.31

MIXED STEER/HEIFER

Over 80% Choice    1,092     63.2     702-883       792   224.83-243.81   234.03

65 - 80% Choice      793     63.4     691-853       783   223.70-233.97   226.69

35 - 65% Choice    1,614     63.6     656-912       808   211.70-232.40   224.27

 0 - 35% Choice    1,523     63.5     733-916       830   202.57-232.00   226.49

Total all grades   5,022     63.5     656-916       807   202.57-243.81   227.45

ALL STEERS & HEIFERS

Total all grades  16,541     63.5     621-1,041     823   202.57-243.81   228.93

MIXED STEER/HEIFER/COW

Over 80% Choice      220     63.1     752-887       807   224.91-235.49   231.44

65 - 80% Choice      186     62.8     684-789       765   214.83-230.00   225.18

35 - 65% Choice      617     60.2     773-900       856   210.82-226.96   219.41

 0 - 35% Choice      608     58.2     806-920       859   208.69-216.50   211.70

Total all grades   1,631     60.1     684-920       840   208.69-235.49   218.82

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,647     60.0     626-977       834   211.46-233.14   226.29

65 - 80% Choice      456     60.0     611-920       789   206.67-231.35   220.83

35 - 65% Choice      630     60.5     689-914       814   209.39-228.90   216.03

 0 - 35% Choice      190     61.6     734-820       798   201.66-209.60   207.80

Total all grades   3,923     60.2     611-977       824   201.66-233.14   223.11



                        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       45     63.6   1,123-1,123   1,123   141.00-141.00   141.00

35 - 65% Choice       86     63.1   1,302-1,356   1,331   140.00-144.00   141.81

 0 - 35% Choice      105     63.8   1,161-1,224   1,186   137.12-144.00   141.47

Total all grades     236     63.5   1,123-1,356   1,227   137.12-144.00   141.51

HEIFER

Over 80% Choice       67     63.9   1,094-1,216   1,140   143.00-144.00   143.37

65 - 80% Choice                          -                      -

35 - 65% Choice      200     63.3   1,089-1,214   1,142   143.00-143.02   143.01

 0 - 35% Choice       77     63.6   1,261-1,315   1,288   142.50-142.50   142.50

Total all grades     344     63.5   1,089-1,315   1,174   142.50-144.00   142.96

MIXED STEER/HEIFER

Over 80% Choice       84     63.4   1,265-1,265   1,265   145.72-145.72   145.72

65 - 80% Choice      110     61.9   1,159-1,329   1,264   131.70-142.25   140.11

35 - 65% Choice    1,455     63.7     977-1,448   1,210   130.10-145.00   141.54

 0 - 35% Choice      725     63.1   1,001-1,477   1,267   130.36-144.00   140.79

Total all grades   2,374     63.5     977-1,477   1,232   130.10-145.72   141.39

ALL STEERS & HEIFERS

Total all grades   2,954     63.5     977-1,477   1,225   130.10-145.72   141.58

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       71     61.8   1,394-1,394   1,394   135.00-135.00   135.00

65 - 80% Choice       91     62.0   1,233-1,447   1,380   134.00-135.00   134.75

35 - 65% Choice      584     61.4   1,326-1,528   1,368   126.49-136.00   134.84

 0 - 35% Choice                          -                      -

Total all grades     746     61.5   1,233-1,528   1,372   126.49-136.00   134.84



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,228     63.5     679-991       893   203.40-231.55   215.49

65 - 80% Choice    2,990     63.9     709-977       880   203.32-222.70   212.79

35 - 65% Choice    3,065     63.8     770-953       847   197.37-222.24   211.12

 0 - 35% Choice    2,684     63.6     754-908       844   199.58-218.13   210.05

Total all grades  12,967     63.7     679-991       869   197.37-231.55   212.71

HEIFER

Over 80% Choice    1,800     63.8     755-900       821   208.61-230.02   216.88

65 - 80% Choice    1,433     64.5     761-904       835   201.19-226.84   211.09

35 - 65% Choice    1,455     64.4     694-926       764   197.81-220.10   208.78

 0 - 35% Choice      463     63.6     727-796       773   200.53-218.33   213.41

Total all grades   5,151     64.1     694-926       804   197.81-230.02   212.67

MIXED STEER/HEIFER

Over 80% Choice       40     62.1     684-684       684   208.13-208.13   208.13

65 - 80% Choice       80     62.5     750-852       800   206.92-214.00   210.55

35 - 65% Choice      318     63.1     839-883       860   205.95-208.28   207.03

 0 - 35% Choice    3,166     63.0     624-906       777   200.79-216.58   213.63

Total all grades   3,604     63.0     624-906       784   200.79-216.58   212.92

ALL STEERS & HEIFERS

Total all grades  21,722     63.7     624-991       840   197.37-231.55   212.74

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       40     63.2     653-653       653   202.36-202.36   202.36

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      40     63.2     653-653       653   202.36-202.36   202.36

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,373     60.8     705-928       803   191.03-229.64   205.09

65 - 80% Choice    1,630     61.2     715-908       828   189.48-216.49   206.23

35 - 65% Choice    1,318     61.3     728-849       808   189.52-212.68   202.76

 0 - 35% Choice    2,275     60.8     726-880       823   203.20-216.95   205.60

Total all grades   9,596     60.9     705-928       813   189.48-229.64   205.08



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,590     63.3   1,200-1,460   1,333   128.62-154.39   139.39

65 - 80% Choice      396     63.3   1,276-1,504   1,342   126.30-138.00   130.86

35 - 65% Choice    2,433     63.5   1,250-1,360   1,306   126.33-140.85   135.17

 0 - 35% Choice      251     64.0   1,300-1,338   1,318   129.16-131.01   130.11

Total all grades   4,670     63.5   1,200-1,504   1,319   126.30-154.39   135.97

HEIFER

Over 80% Choice      641     63.2   1,104-1,357   1,200   126.32-150.38   141.59

65 - 80% Choice      777     63.0   1,100-1,214   1,116   134.25-140.25   139.61

35 - 65% Choice    1,400     63.6   1,100-1,350   1,140   128.85-140.85   138.25

 0 - 35% Choice                          -                      -

Total all grades   2,818     63.3   1,100-1,357   1,147   126.32-150.38   139.38

MIXED STEER/HEIFER

Over 80% Choice      805     63.4   1,157-1,398   1,270   129.30-147.86   136.31

65 - 80% Choice      295     63.9   1,122-1,218   1,179   136.97-147.88   142.00

35 - 65% Choice      653     63.0   1,098-1,310   1,240   132.70-140.85   139.55

 0 - 35% Choice                          -                      -

Total all grades   1,753     63.3   1,098-1,398   1,244   129.30-147.88   138.48

ALL STEERS & HEIFERS

Total all grades   9,241     63.4   1,098-1,504   1,252   126.30-154.39   137.49

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      301     61.0   1,384-1,438   1,405   117.00-117.00   117.00

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     301     61.0   1,384-1,438   1,405   117.00-117.00   117.00



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                53,997    70,138        802    228.35    227.13

KANSAS                  51,124    49,592        831    229.98    230.08

NEBRASKA                32,996    36,059        845    233.36    233.99

COLORADO                16,346    19,132        822    234.96    234.03

WESTERN CORNBELT         4,880     5,435        824    233.87    233.38

 TOTAL 5-AREA          158,843   179,520        823    230.74    230.21

N.CENTRAL/E.MT           3,650     4,830        799    236.33    234.50

WESTERN STATES          14,092    13,269        818    230.79    230.72

EASTERN CORNBELT         1,164       724        835    233.05    232.01

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                10,080    16,654      1,247    147.04    144.53

KANSAS                  10,439    10,150      1,323    145.43    144.24

NEBRASKA                 4,296     5,604      1,337    149.31    148.37

COLORADO                   455     1,201      1,185    153.30    146.84

WESTERN CORNBELT         1,621       880      1,330    152.09    150.04

 TOTAL 5-AREA           26,891    34,452      1,295    147.19    145.29

N.CENTRAL/E.MT             644     1,091      1,337    144.00    142.51

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,307     1,565        768    201.57    210.77

KANSAS                   1,988     6,547        820    218.80    218.88

NEBRASKA                10,733    10,821        857    210.86    212.30

COLORADO                 4,440     5,395        815    212.15    216.79

WESTERN CORNBELT           348     1,201        820    216.59    210.69

 TOTAL 5-AREA           18,816    25,489        836    211.46    214.77

N.CENTRAL/E.MT             486     1,241        773    211.42    215.21

WESTERN STATES           1,894     2,033        905    225.79    231.05

EASTERN CORNBELT            38        43        752    210.29    208.52

NORTHEASTERN STATE         488       405        788    212.60    214.77



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,268     2,144      1,271    136.61    136.34

KANSAS                   1,696    12,222      1,115    140.20    144.23

NEBRASKA                 1,794       652      1,244    143.97    148.27

COLORADO                              82                         148.96

WESTERN CORNBELT         2,083     1,462      1,315    132.20    132.50

 TOTAL 5-AREA            8,841    16,451      1,246    137.75    142.44

N.CENTRAL/E.MT             150       400      1,389    130.00    140.42

WESTERN STATES

EASTERN CORNBELT           250       205      1,390    132.57    138.24

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,951     4,034        794    224.39    224.20

KANSAS                     650       697        789    224.52    227.00

NEBRASKA                 5,799     3,562        855    231.93    230.64

COLORADO                   136       325        815    229.87    238.07

WESTERN CORNBELT         1,716     2,314        841    228.68    230.95

 TOTAL 5-AREA           12,975    10,898        827    228.18    228.29

N.CENTRAL/E.MT           1,049     1,165        815    233.34    235.59

WESTERN STATES

EASTERN CORNBELT         1,238     1,518        801    230.40    230.94

NORTHEASTERN STATE         920       996        808    229.83    232.24



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,658     3,112      1,220    141.45    141.73

KANSAS                      52                1,329    142.25

NEBRASKA                    70                1,168    143.02

COLORADO

WESTERN CORNBELT            84                1,265    145.72

 TOTAL 5-AREA            2,864     3,112      1,222    141.63    141.73

N.CENTRAL/E.MT              90                1,292    140.22

WESTERN STATES

EASTERN CORNBELT                      39                         146.00

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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