Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jun 30, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 06/29/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            212,086  33,766  245,852       234,592        290,736

Negotiated Grid Net:     19,503   3,344   22,847        15,941         31,157

Forward Contract Net:    50,727  16,927   67,654        61,655         43,836



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   19,997     63.7     632-1,004     864   231.04-268.05   240.78

65 - 80% Choice   31,565     64.1     680-988       867   223.80-275.97   237.03

35 - 65% Choice   35,732     64.1     697-1,029     856   220.31-267.78   235.61

 0 - 35% Choice   22,125     64.0     648-954       852   223.48-261.26   236.62

Total all grades 109,419     64.0     632-1,029     860   220.31-275.97   237.17

HEIFER

Over 80% Choice   15,188     63.7     659-897       783   232.40-270.74   240.56

65 - 80% Choice   20,497     63.9     639-903       767   231.90-272.49   237.06

35 - 65% Choice   19,610     64.1     649-888       747   225.49-240.37   234.78

 0 - 35% Choice    6,209     63.9     717-853       783   231.61-261.18   238.08

Total all grades  61,504     63.9     639-903       766   225.49-272.49   237.30

MIXED STEER/HEIFER

Over 80% Choice    6,929     63.6     684-1,001     823   231.33-267.88   242.15

65 - 80% Choice    3,273     63.3     685-913       820   227.72-259.22   236.75

35 - 65% Choice    2,057     63.4     707-897       836   225.14-239.05   234.52

 0 - 35% Choice    3,485     63.0     674-979       795   227.07-256.44   239.79

Total all grades  15,744     63.4     674-1,001     818   225.14-267.88   239.51

ALL STEERS & HEIFERS

Total all grades 186,667     63.9     632-1,029     826   220.31-275.97   237.41

MIXED STEER/HEIFER/COW

Over 80% Choice    1,045     63.6     728-830       797   234.00-243.92   240.45

65 - 80% Choice    1,108     62.5     642-854       770   222.50-239.86   234.07

35 - 65% Choice    2,808     62.3     685-1,044     818   201.96-239.46   228.47

 0 - 35% Choice    1,857     60.7     605-1,095     915   198.36-236.78   215.19

Total all grades   6,818     62.1     605-1,095     833   198.36-243.92   227.60

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,571     61.6     745-965       868   222.66-237.33   231.40

65 - 80% Choice    6,690     61.6     735-940       856   219.10-235.50   229.85

35 - 65% Choice    4,929     61.4     715-956       842   201.92-234.82   227.95

 0 - 35% Choice    1,411     61.3     763-863       825   222.68-232.00   229.73

Total all grades  18,601     61.5     715-965       853   201.92-237.33   229.80



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,682     62.6   1,055-1,496   1,342   148.50-173.69   154.40

65 - 80% Choice    6,203     63.1   1,071-1,602   1,411   146.50-154.00   150.19

35 - 65% Choice    9,859     63.0     999-1,488   1,316   144.88-170.46   149.37

 0 - 35% Choice    1,266     62.5   1,226-1,454   1,339   143.00-151.50   149.38

Total all grades  20,010     62.9     999-1,602   1,350   143.00-173.69   150.30

HEIFER

Over 80% Choice    1,666     63.1   1,119-1,305   1,214   148.50-169.23   153.59

65 - 80% Choice    1,002     63.2   1,101-1,449   1,205   146.82-152.00   149.39

35 - 65% Choice    5,746     63.0     986-1,350   1,141   146.45-151.50   149.61

 0 - 35% Choice      530     64.0   1,184-1,382   1,225   148.00-152.00   150.41

Total all grades   8,944     63.1     986-1,449   1,166   146.45-169.23   150.38

MIXED STEER/HEIFER

Over 80% Choice      564     62.9   1,044-1,300   1,193   149.00-169.21   155.24

65 - 80% Choice      529     61.0   1,158-1,410   1,215   149.00-163.00   159.42

35 - 65% Choice      741     62.8   1,128-1,350   1,214   146.95-163.55   151.88

 0 - 35% Choice       38     62.0   1,072-1,072   1,072   145.50-145.50   145.50

Total all grades   1,872     62.3   1,044-1,410   1,205   145.50-169.21   154.89

ALL STEERS & HEIFERS

Total all grades  30,826     62.9     986-1,602   1,288   143.00-173.69   150.60

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,324     61.2   1,269-1,524   1,369   121.14-149.83   138.93

65 - 80% Choice      308     61.5   1,274-1,486   1,392   137.98-141.00   140.53

35 - 65% Choice      735     59.9   1,295-1,405   1,368   133.00-143.00   138.93

 0 - 35% Choice      573     61.4   1,329-1,390   1,367   121.97-149.83   130.97

Total all grades   2,940     60.9   1,269-1,524   1,371   121.14-149.83   137.55



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,594     63.4     677-971       839   221.40-243.60   237.12

65 - 80% Choice      770     64.6     780-902       838   228.01-238.64   233.64

35 - 65% Choice      785     63.5     717-887       833   217.26-240.79   232.82

 0 - 35% Choice    2,392     63.0     787-922       878   210.13-238.00   237.37

Total all grades   5,541     63.4     677-971       855   210.13-243.60   236.13

HEIFER

Over 80% Choice      196     62.8     656-874       817   226.00-238.26   233.00

65 - 80% Choice      428     64.9     654-763       731   227.48-236.77   231.07

35 - 65% Choice      486     63.1     634-895       749   219.13-241.42   229.96

 0 - 35% Choice    1,461     63.2     675-974       809   213.52-239.00   232.30

Total all grades   2,571     63.4     634-974       786   213.52-241.42   231.71

MIXED STEER/HEIFER

Over 80% Choice    2,077     63.2     653-1,011     787   225.37-250.35   237.25

65 - 80% Choice    1,153     63.9     637-847       790   225.55-241.68   233.98

35 - 65% Choice    1,851     63.8     675-919       793   221.98-240.07   229.75

 0 - 35% Choice    1,229     64.1     687-922       835   203.72-238.00   227.21

Total all grades   6,310     63.7     637-1,011     799   203.72-250.35   232.50

ALL STEERS & HEIFERS

Total all grades  14,422     63.5     634-1,011     818   203.72-250.35   233.75

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       94     62.7     757-835       801   229.16-232.00   231.22

35 - 65% Choice      884     60.2     701-912       842   215.81-232.47   226.67

 0 - 35% Choice      621     58.1     826-986       884   213.63-221.80   218.72

Total all grades   1,599     59.5     701-986       856   213.63-232.47   223.85

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,105     59.9     646-955       834   217.85-235.11   229.15

65 - 80% Choice      908     60.1     669-887       797   219.53-233.37   226.23

35 - 65% Choice      325     60.1     694-867       786   219.65-228.61   224.48

 0 - 35% Choice      144     59.7     835-835       835   228.00-228.00   228.00

Total all grades   3,482     60.0     646-955       820   217.85-235.11   227.90



                        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      149     63.5   1,079-1,292   1,231   137.76-147.00   142.02

 0 - 35% Choice      222     64.3   1,329-1,378   1,349   147.00-148.00   147.32

Total all grades     371     64.0   1,079-1,378   1,301   137.76-148.00   145.19

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       86     61.9   1,058-1,178   1,117   145.36-148.00   146.65

35 - 65% Choice       42     62.5   1,123-1,123   1,123   148.00-148.00   148.00

 0 - 35% Choice                          -                      -

Total all grades     128     62.1   1,058-1,178   1,119   145.36-148.00   147.09

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       66     63.3   1,089-1,250   1,189   144.00-145.00   144.38

35 - 65% Choice    1,179     64.3   1,162-1,479   1,248   141.54-149.56   145.36

 0 - 35% Choice      916     63.6   1,101-1,383   1,235   137.28-148.00   144.31

Total all grades   2,161     63.9   1,089-1,479   1,241   137.28-149.56   144.89

ALL STEERS & HEIFERS

Total all grades   2,660     63.9   1,058-1,479   1,243   137.28-149.56   145.03

MIXED STEER/HEIFER/COW

Over 80% Choice       42     62.3   1,255-1,255   1,255   138.92-138.92   138.92

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      42     62.3   1,255-1,255   1,255   138.92-138.92   138.92

DAIRYBRED STEER/HEIFER

Over 80% Choice       35     61.4   1,411-1,411   1,411   137.75-137.75   137.75

65 - 80% Choice      207     61.3   1,276-1,455   1,394   135.30-141.63   138.59

35 - 65% Choice      400     61.5   1,363-1,425   1,392   132.67-142.11   137.74

 0 - 35% Choice                          -                      -

Total all grades     642     61.4   1,276-1,455   1,394   132.67-142.11   138.02



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,413     63.9     662-956       874   202.45-226.70   212.68

65 - 80% Choice    4,615     63.9     748-942       870   205.51-235.24   215.48

35 - 65% Choice    6,044     63.6     737-955       868   203.20-233.94   216.50

 0 - 35% Choice    2,194     63.8     731-930       816   193.67-221.82   207.28

Total all grades  18,266     63.8     662-956       864   193.67-235.24   214.00

HEIFER

Over 80% Choice    4,201     63.9     700-882       804   204.13-231.31   213.82

65 - 80% Choice    4,036     63.8     697-861       801   205.51-235.07   217.35

35 - 65% Choice    5,287     64.3     649-892       785   194.77-233.45   215.48

 0 - 35% Choice      944     63.5     647-822       783   202.13-206.48   203.91

Total all grades  14,468     64.0     647-892       795   194.77-235.07   214.76

MIXED STEER/HEIFER

Over 80% Choice      873     63.5     686-908       795   204.77-216.99   207.98

65 - 80% Choice       91     62.8     768-789       780   211.87-223.20   216.97

35 - 65% Choice      381     63.4     757-853       820   205.30-214.80   211.22

 0 - 35% Choice    3,222     63.4     784-878       822   202.38-215.54   212.63

Total all grades   4,567     63.4     686-908       816   202.38-223.20   211.71

ALL STEERS & HEIFERS

Total all grades  37,301     63.8     647-956       831   193.67-235.24   214.02

MIXED STEER/HEIFER/COW

Over 80% Choice      607     62.3     812-892       846   217.56-221.84   220.03

65 - 80% Choice                          -                      -

35 - 65% Choice      309     63.2     758-758       758   203.70-203.70   203.70

 0 - 35% Choice                          -                      -

Total all grades     916     62.6     758-892       816   203.70-221.84   214.52

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,144     60.9     702-916       795   190.88-235.37   206.00

65 - 80% Choice    2,163     60.9     702-924       803   187.10-214.02   202.62

35 - 65% Choice    2,178     61.3     725-910       820   188.92-213.92   203.87

 0 - 35% Choice    2,025     60.9     779-864       819   203.20-216.95   207.41

Total all grades  12,510     60.9     702-924       805   187.10-235.37   205.27



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,872     63.8   1,213-1,427   1,333   128.50-156.66   140.92

65 - 80% Choice    2,849     63.4   1,225-1,516   1,405   127.00-153.05   141.13

35 - 65% Choice    1,559     62.9   1,253-1,450   1,368   126.40-150.00   137.72

 0 - 35% Choice      448     62.8   1,225-1,371   1,265   130.85-140.85   139.19

Total all grades   7,728     63.4   1,213-1,516   1,363   126.40-156.66   140.25

HEIFER

Over 80% Choice    1,166     64.0   1,100-1,238   1,187   128.50-153.05   138.52

65 - 80% Choice    2,317     63.4   1,100-1,349   1,267   125.07-150.00   141.02

35 - 65% Choice    2,215     63.4   1,058-1,295   1,143   125.07-147.60   134.92

 0 - 35% Choice                          -                      -

Total all grades   5,698     63.5   1,058-1,349   1,202   125.07-153.05   138.14

MIXED STEER/HEIFER

Over 80% Choice      824     63.7   1,161-1,373   1,226   128.50-160.86   139.95

65 - 80% Choice    1,201     63.1   1,194-1,536   1,377   129.29-133.46   132.57

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades   2,025     63.3   1,161-1,536   1,315   128.50-160.86   135.57

ALL STEERS & HEIFERS

Total all grades  15,451     63.4   1,058-1,536   1,297   125.07-160.86   138.86

MIXED STEER/HEIFER/COW

Over 80% Choice       35     61.7   1,332-1,332   1,332   133.44-133.44   133.44

65 - 80% Choice                          -                      -

35 - 65% Choice      254     62.2   1,056-1,171   1,088   128.00-129.00   128.28

 0 - 35% Choice                          -                      -

Total all grades     289     62.2   1,056-1,332   1,118   128.00-133.44   128.90

DAIRYBRED STEER/HEIFER

Over 80% Choice      670     61.8   1,311-1,400   1,360   117.00-140.85   133.38

65 - 80% Choice      366     61.2   1,341-1,415   1,369   113.55-123.38   117.20

35 - 65% Choice                          -                      -

 0 - 35% Choice      151     61.1   1,429-1,429   1,429   127.00-127.00   127.00

Total all grades   1,187     61.5   1,311-1,429   1,371   113.55-140.85   127.58



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REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                63,728    58,249        804    234.77    230.57

KANSAS                  43,315    45,650        833    238.03    234.22

NEBRASKA                36,733    39,055        847    239.70    237.25

COLORADO                15,769    15,246        833    238.97    238.81

WESTERN CORNBELT         5,689     6,588        839    238.37    236.15

 TOTAL 5-AREA          164,706   164,167        826    237.23    234.13

N.CENTRAL/E.MT           5,528     6,182        824    241.16    239.12

WESTERN STATES          15,314    14,329        826    237.72    234.97

EASTERN CORNBELT           591       719        864    239.36    238.17

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                14,420     9,453      1,235    150.37    147.84

KANSAS                  11,013     9,716      1,345    150.19    148.23

NEBRASKA                 2,415     2,566      1,345    152.07    153.59

COLORADO                 1,768       865      1,241    151.29    151.10

WESTERN CORNBELT           818       659      1,366    154.98    156.78

 TOTAL 5-AREA           30,434    23,259      1,288    150.62    149.01

N.CENTRAL/E.MT             392     1,360      1,326    149.29    149.37

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,414     3,260        752    202.88    201.74

KANSAS                   8,195    10,008        831    223.47    222.91

NEBRASKA                12,397    13,355        851    211.52    210.48

COLORADO                 8,323     5,584        830    212.13    215.00

WESTERN CORNBELT         2,811     2,832        816    210.21    212.83

 TOTAL 5-AREA           34,100    34,921        831    213.83    214.14

N.CENTRAL/E.MT           1,638     1,713        814    214.87    210.48

WESTERN STATES           1,065     1,856        872    220.72    222.52

EASTERN CORNBELT            80        78        678    208.91    206.82

NORTHEASTERN STATE         378       253        815    210.22    209.82



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,446     1,718      1,235    132.05    137.18

KANSAS                   5,324     1,278      1,307    145.88    138.79

NEBRASKA                 1,729     1,255      1,263    144.63    139.67

COLORADO                             143                         131.73

WESTERN CORNBELT         3,235     2,922      1,322    133.13    133.30

 TOTAL 5-AREA           12,734     7,316      1,291    139.81    136.23

N.CENTRAL/E.MT           2,183     2,244      1,335    135.09    135.21

WESTERN STATES

EASTERN CORNBELT           534       659      1,298    131.47    132.74

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,475     2,554        795    228.15    225.32

KANSAS                     373       530        791    230.12    230.18

NEBRASKA                 5,101     1,738        853    237.60    234.73

COLORADO                              51                         232.62

WESTERN CORNBELT         2,145       998        819    233.22    233.27

 TOTAL 5-AREA           10,812     5,718        826    233.41    229.80

N.CENTRAL/E.MT             610       769        818    236.59    235.79

WESTERN STATES                       163                         226.99

EASTERN CORNBELT         1,486     1,709        780    235.45    230.69

NORTHEASTERN STATE       1,123       591        790    231.72    232.34



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,619     1,256      1,243    144.96    141.48

KANSAS

NEBRASKA

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,619     1,256      1,243    144.96    141.48

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            41       142      1,240    149.56    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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