Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jun 23, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 06/22/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            209,164  25,428  234,592       228,963        283,224

Negotiated Grid Net:     13,445   2,496   15,941        25,795         32,331

Forward Contract Net:    50,785  10,870   61,655        40,900         40,238



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   24,219     63.7     642-1,012     854   214.63-272.08   238.56

65 - 80% Choice   28,959     64.0     701-984       866   220.14-271.89   234.44

35 - 65% Choice   35,846     64.2     680-986       858   213.94-240.24   231.39

 0 - 35% Choice   22,667     63.6     699-965       848   220.96-263.76   234.93

Total all grades 111,691     63.9     642-1,012     857   213.94-272.08   234.45

HEIFER

Over 80% Choice   16,920     63.6     645-895       777   227.51-272.08   236.81

65 - 80% Choice   20,468     63.9     668-929       770   220.70-258.80   233.75

35 - 65% Choice   17,480     64.0     641-926       755   223.85-239.21   231.57

 0 - 35% Choice    6,080     63.3     678-832       780   224.25-263.55   235.68

Total all grades  60,948     63.8     641-929       769   220.70-272.08   234.16

MIXED STEER/HEIFER

Over 80% Choice    5,566     63.2     649-933       805   222.95-261.94   238.63

65 - 80% Choice    3,466     63.3     622-988       803   222.64-239.55   232.47

35 - 65% Choice    2,057     63.0     667-896       794   212.09-236.70   230.68

 0 - 35% Choice    2,331     62.3     677-887       783   225.19-242.31   233.33

Total all grades  13,420     63.1     622-988       799   212.09-261.94   234.90

ALL STEERS & HEIFERS

Total all grades 186,059     63.8     622-1,012     824   212.09-272.08   234.39

MIXED STEER/HEIFER/COW

Over 80% Choice    1,056     63.1     665-886       811   224.69-243.55   236.14

65 - 80% Choice    2,061     63.3     695-955       815   222.20-242.39   233.17

35 - 65% Choice    1,809     62.7     666-1,026     846   207.80-236.10   224.79

 0 - 35% Choice    1,177     59.6     704-1,090     937   194.87-227.62   209.24

Total all grades   6,103     62.4     665-1,090     847   194.87-243.55   226.58

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,131     61.9     692-973       860   219.45-238.76   228.26

65 - 80% Choice    5,503     61.5     707-995       851   217.07-235.66   226.59

35 - 65% Choice    4,465     61.3     724-914       837   217.34-235.50   226.61

 0 - 35% Choice      903     62.2     800-899       851   220.28-231.04   225.55

Total all grades  17,002     61.6     692-995       851   217.07-238.76   227.14



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,191     62.9   1,106-1,547   1,306   145.00-172.57   155.39

65 - 80% Choice    2,756     63.2   1,114-1,503   1,372   145.00-170.45   148.73

35 - 65% Choice   10,442     63.1   1,071-1,504   1,332   141.91-169.09   147.61

 0 - 35% Choice    1,014     62.2   1,211-1,550   1,341   140.00-150.00   145.97

Total all grades  16,403     63.0   1,071-1,550   1,336   140.00-172.57   148.74

HEIFER

Over 80% Choice    1,010     62.7   1,106-1,281   1,193   146.00-170.86   158.35

65 - 80% Choice    1,656     63.0   1,088-1,413   1,219   144.00-166.67   149.92

35 - 65% Choice    3,859     63.1     985-1,523   1,149   143.50-149.00   146.23

 0 - 35% Choice      153     62.8   1,120-1,277   1,199   145.00-148.05   146.44

Total all grades   6,678     63.0     985-1,523   1,174   143.50-170.86   148.98

MIXED STEER/HEIFER

Over 80% Choice      911     62.7   1,216-1,300   1,263   142.13-166.04   151.23

65 - 80% Choice      341     61.1   1,117-1,276   1,172   150.00-162.54   158.74

35 - 65% Choice      286     61.9   1,143-1,381   1,282   145.50-158.74   148.75

 0 - 35% Choice                          -                      -

Total all grades   1,538     62.2   1,117-1,381   1,246   142.13-166.04   152.43

ALL STEERS & HEIFERS

Total all grades  24,619     63.0     985-1,550   1,286   140.00-172.57   149.03

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       68     62.2   1,346-1,346   1,346   127.00-127.00   127.00

65 - 80% Choice      194     59.7   1,336-1,336   1,336   131.62-131.62   131.62

35 - 65% Choice      505     60.5   1,312-1,454   1,355   132.25-139.00   138.21

 0 - 35% Choice       42     61.0   1,407-1,407   1,407   138.59-138.59   138.59

Total all grades     809     60.5   1,312-1,454   1,352   127.00-139.00   135.70



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,019     62.8     637-907       799   221.28-238.59   232.88

65 - 80% Choice    1,204     64.3     682-895       831   222.80-239.35   227.65

35 - 65% Choice      914     63.7     732-868       800   222.82-241.41   229.62

 0 - 35% Choice    1,003     63.4     728-908       846   219.16-238.00   232.37

Total all grades   4,140     63.6     637-908       820   219.16-241.41   230.52

HEIFER

Over 80% Choice      620     63.3     713-862       784   232.24-241.82   235.29

65 - 80% Choice      297     63.1     668-874       735   225.52-233.05   229.08

35 - 65% Choice      158     63.6     706-932       828   223.51-227.70   226.36

 0 - 35% Choice      593     64.7     720-950       815   212.14-238.00   229.10

Total all grades   1,668     63.8     668-950       790   212.14-241.82   231.14

MIXED STEER/HEIFER

Over 80% Choice    2,207     63.4     648-983       798   221.10-243.82   233.01

65 - 80% Choice      286     62.9     690-893       788   218.92-236.93   229.39

35 - 65% Choice      546     63.5     768-866       834   218.11-236.00   228.18

 0 - 35% Choice      405     62.9     729-819       800   209.79-236.00   224.35

Total all grades   3,444     63.3     648-983       803   209.79-243.82   230.92

ALL STEERS & HEIFERS

Total all grades   9,252     63.5     637-983       808   209.79-243.82   230.78

MIXED STEER/HEIFER/COW

Over 80% Choice       92     63.1     711-917       835   221.41-233.12   226.91

65 - 80% Choice       92     61.2     578-916       802   219.05-231.20   226.00

35 - 65% Choice      778     59.9     748-960       847   207.34-228.18   223.76

 0 - 35% Choice      353     58.2     767-951       871   209.23-217.29   214.31

Total all grades   1,315     59.8     578-960       849   207.34-233.12   221.60

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,894     60.1     755-929       850   219.94-234.91   228.63

65 - 80% Choice      369     60.0     722-888       776   214.82-229.62   223.06

35 - 65% Choice      600     60.4     744-953       834   212.88-230.00   218.76

 0 - 35% Choice       15     57.9     716-716       716   208.21-208.21   208.21

Total all grades   2,878     60.1     716-953       836   208.21-234.91   225.75



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      102     64.0   1,434-1,434   1,434   134.90-134.90   134.90

65 - 80% Choice                          -                      -

35 - 65% Choice       42     64.8   1,149-1,149   1,149   143.00-143.00   143.00

 0 - 35% Choice      217     63.8   1,171-1,470   1,294   138.64-144.00   142.16

Total all grades     361     64.0   1,149-1,470   1,317   134.90-144.00   140.21

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       46     64.8   1,076-1,076   1,076   144.00-144.00   144.00

35 - 65% Choice      330     63.8   1,052-1,399   1,113   143.00-144.00   143.73

 0 - 35% Choice                          -                      -

Total all grades     376     63.9   1,052-1,399   1,109   143.00-144.00   143.76

MIXED STEER/HEIFER

Over 80% Choice       40     64.1   1,290-1,290   1,290   146.00-146.00   146.00

65 - 80% Choice       43     65.0   1,094-1,094   1,094   143.00-143.00   143.00

35 - 65% Choice      213     63.2   1,150-1,236   1,218   136.35-144.00   138.28

 0 - 35% Choice      365     63.3   1,142-1,311   1,241   136.24-144.00   140.22

Total all grades     661     63.4   1,094-1,311   1,227   136.24-146.00   140.13

ALL STEERS & HEIFERS

Total all grades   1,398     63.7   1,052-1,470   1,218   134.90-146.00   141.13

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      202     60.6   1,207-1,496   1,430   132.96-139.58   137.61

65 - 80% Choice      713     61.9   1,261-1,393   1,377   134.93-139.97   137.52

35 - 65% Choice      183     61.3   1,349-1,428   1,394   134.65-136.00   134.96

 0 - 35% Choice                          -                      -

Total all grades   1,098     61.6   1,207-1,496   1,390   132.96-139.97   137.11



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    6,042     63.9     651-983       882   203.54-237.40   216.49

65 - 80% Choice    5,318     63.9     715-936       859   202.85-222.98   213.08

35 - 65% Choice    7,119     63.9     693-931       854   192.87-226.05   211.65

 0 - 35% Choice    2,192     62.8     777-914       849   199.88-217.58   210.32

Total all grades  20,671     63.8     651-983       863   192.87-237.40   213.29

HEIFER

Over 80% Choice    3,264     63.9     742-881       811   201.73-228.30   214.08

65 - 80% Choice    6,045     64.1     719-913       816   201.27-234.67   220.93

35 - 65% Choice    4,417     64.6     695-850       773   193.66-233.18   213.50

 0 - 35% Choice    1,537     63.7     730-928       797   203.57-218.33   208.22

Total all grades  15,263     64.2     695-928       801   193.66-234.67   216.04

MIXED STEER/HEIFER

Over 80% Choice      457     62.9     774-848       812   201.82-218.58   207.78

65 - 80% Choice                          -                      -

35 - 65% Choice      249     62.8     744-750       747   211.53-220.40   216.02

 0 - 35% Choice    2,299     62.9     764-939       823   203.87-214.80   213.37

Total all grades   3,005     62.9     744-939       815   201.82-220.40   212.74

ALL STEERS & HEIFERS

Total all grades  38,939     63.9     651-983       835   192.87-237.40   214.32

MIXED STEER/HEIFER/COW

Over 80% Choice      157     64.5     801-801       801   209.92-209.92   209.92

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     157     64.5     801-801       801   209.92-209.92   209.92

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,842     60.8     713-915       800   192.82-222.13   204.72

65 - 80% Choice    2,634     60.8     725-891       821   188.93-232.41   202.87

35 - 65% Choice    2,025     61.4     694-884       822   188.34-213.92   203.51

 0 - 35% Choice    2,188     60.8     752-875       826   197.33-205.89   204.16

Total all grades  11,689     60.9     694-915       813   188.34-232.41   203.99



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,885     63.6   1,178-1,478   1,330   128.75-153.05   136.64

65 - 80% Choice    1,046     63.2   1,288-1,504   1,412   129.30-138.50   133.85

35 - 65% Choice    1,582     63.1   1,225-1,450   1,305   128.00-140.85   138.13

 0 - 35% Choice      494     62.0   1,300-1,430   1,348   131.42-135.00   132.80

Total all grades   7,007     63.3   1,178-1,504   1,338   128.00-153.05   136.29

HEIFER

Over 80% Choice      675     63.5   1,134-1,266   1,228   130.55-150.42   136.79

65 - 80% Choice      477     63.2   1,193-1,224   1,206   128.94-128.94   128.94

35 - 65% Choice    1,157     64.3   1,100-1,285   1,161   124.37-143.25   135.05

 0 - 35% Choice                          -                      -

Total all grades   2,309     63.8   1,100-1,285   1,190   124.37-150.42   134.30

MIXED STEER/HEIFER

Over 80% Choice      285     63.2   1,102-1,366   1,213   128.50-144.90   137.96

65 - 80% Choice      399     63.8   1,132-1,461   1,273   128.40-138.10   134.97

35 - 65% Choice      219     63.8   1,196-1,384   1,314   131.51-137.62   133.77

 0 - 35% Choice                          -                      -

Total all grades     903     63.6   1,102-1,461   1,264   128.40-144.90   135.62

ALL STEERS & HEIFERS

Total all grades  10,219     63.5   1,100-1,504   1,298   124.37-153.05   135.78

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      110     63.5   1,301-1,301   1,301   133.00-133.00   133.00

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     110     63.5   1,301-1,301   1,301   133.00-133.00   133.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      296     61.3   1,328-1,437   1,405   118.50-127.50   123.31

65 - 80% Choice       74     60.3   1,350-1,350   1,350   120.30-120.30   120.30

35 - 65% Choice      171     59.4   1,327-1,327   1,327   118.00-128.17   121.93

 0 - 35% Choice                          -                      -

Total all grades     541     60.5   1,327-1,437   1,373   118.00-128.17   122.46



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                58,249    53,997        802    230.57    228.35

KANSAS                  45,650    51,124        830    234.22    229.98

NEBRASKA                39,055    32,996        847    237.25    233.36

COLORADO                15,246    16,346        827    238.81    234.96

WESTERN CORNBELT         6,588     4,880        832    236.15    233.87

 TOTAL 5-AREA          164,167   158,843        824    234.13    230.74

N.CENTRAL/E.MT           6,182     3,650        815    239.12    236.33

WESTERN STATES          14,329    14,092        828    234.97    230.79

EASTERN CORNBELT           719     1,164        844    238.17    233.05

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 9,453    10,080      1,234    147.84    147.04

KANSAS                   9,716    10,439      1,319    148.23    145.43

NEBRASKA                 2,566     4,296      1,339    153.59    149.31

COLORADO                   865       455      1,248    151.10    153.30

WESTERN CORNBELT           659     1,621      1,317    156.78    152.09

 TOTAL 5-AREA           23,259    26,891      1,284    149.01    147.19

N.CENTRAL/E.MT           1,360       644      1,328    149.37    144.00

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,260     1,307        768    201.74    201.57

KANSAS                  10,008     1,988        827    222.91    218.80

NEBRASKA                13,355    10,733        854    210.48    210.86

COLORADO                 5,584     4,440        828    215.00    212.15

WESTERN CORNBELT         2,832       348        841    212.83    216.59

 TOTAL 5-AREA           34,921    18,816        833    214.14    211.46

N.CENTRAL/E.MT           1,713       486        825    210.48    211.42

WESTERN STATES           1,856     1,894        882    222.52    225.79

EASTERN CORNBELT            78        38        711    206.82    210.29

NORTHEASTERN STATE         253       488        811    209.82    212.60



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,718     3,268      1,296    137.18    136.61

KANSAS                   1,278     1,696      1,198    138.79    140.20

NEBRASKA                 1,255     1,794      1,285    139.67    143.97

COLORADO                   143                1,276    131.73

WESTERN CORNBELT         2,922     2,083      1,300    133.30    132.20

 TOTAL 5-AREA            7,316     8,841      1,278    136.23    137.75

N.CENTRAL/E.MT           2,244       150      1,358    135.21    130.00

WESTERN STATES

EASTERN CORNBELT           659       250      1,315    132.74    132.57

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,554     4,951        811    225.32    224.39

KANSAS                     530       650        758    230.18    224.52

NEBRASKA                 1,738     5,799        838    234.73    231.93

COLORADO                    51       136        822    232.62    229.87

WESTERN CORNBELT           998     1,716        794    233.27    228.68

 TOTAL 5-AREA            5,718    12,975        812    229.80    228.18

N.CENTRAL/E.MT             769     1,049        833    235.79    233.34

WESTERN STATES             163                  732    226.99

EASTERN CORNBELT         1,709     1,238        794    230.69    230.40

NORTHEASTERN STATE         591       920        801    232.34    229.83



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,256     2,658      1,199    141.48    141.45

KANSAS                                52                         142.25

NEBRASKA                              70                         143.02

COLORADO

WESTERN CORNBELT                      84                         145.72

 TOTAL 5-AREA            1,256     2,864      1,199    141.48    141.63

N.CENTRAL/E.MT                        90                         140.22

WESTERN STATES

EASTERN CORNBELT           142                1,393    138.03

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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