Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Jul 7, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 07/06/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            180,987  26,365  207,352       245,852        271,328

Negotiated Grid Net:     13,989   2,364   16,353        22,847         28,224

Forward Contract Net:    34,072  16,420   50,492        67,654         28,442



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   18,017     63.9     652-1,018     876   232.65-276.39   243.49

65 - 80% Choice   27,601     64.1     694-981       877   232.22-275.60   240.63

35 - 65% Choice   32,745     64.2     693-963       865   224.63-274.92   238.79

 0 - 35% Choice   15,038     64.1     697-977       847   224.99-269.30   242.04

Total all grades  93,401     64.1     652-1,018     868   224.63-276.39   240.76

HEIFER

Over 80% Choice   13,981     63.7     649-989       773   224.02-276.39   243.73

65 - 80% Choice   15,867     64.1     661-935       775   225.02-276.42   240.80

35 - 65% Choice   18,480     64.1     628-956       756   220.94-249.37   239.21

 0 - 35% Choice    5,885     63.6     676-888       793   230.28-260.04   242.10

Total all grades  54,213     63.9     628-989       770   220.94-276.42   241.16

MIXED STEER/HEIFER

Over 80% Choice    6,695     63.3     670-934       803   231.45-276.39   244.97

65 - 80% Choice    2,467     63.3     646-987       811   223.68-249.04   241.76

35 - 65% Choice    1,642     63.5     674-885       788   224.23-253.37   237.59

 0 - 35% Choice    2,192     62.2     698-872       800   234.31-245.49   241.13

Total all grades  12,996     63.1     646-987       802   223.68-276.39   242.78

ALL STEERS & HEIFERS

Total all grades 160,610     63.9     628-1,018     830   220.94-276.42   241.06

MIXED STEER/HEIFER/COW

Over 80% Choice      489     63.2     728-868       802   236.13-244.92   239.07

65 - 80% Choice    1,643     64.1     607-918       776   223.95-250.21   239.64

35 - 65% Choice      958     60.8     587-1,037     801   218.06-243.57   230.29

 0 - 35% Choice    1,686     58.9     713-1,090     922   197.77-225.41   212.29

Total all grades   4,776     61.5     587-1,090     835   197.77-250.21   228.05

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,119     62.0     716-979       865   226.40-244.58   233.32

65 - 80% Choice    4,563     61.9     709-932       850   221.42-243.06   232.53

35 - 65% Choice    4,191     61.7     671-919       848   222.14-241.21   234.82

 0 - 35% Choice    1,728     60.8     710-904       823   224.40-239.00   233.03

Total all grades  15,601     61.7     671-979       852   221.42-244.58   233.46



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,803     62.7   1,143-1,543   1,325   151.00-178.05   163.44

65 - 80% Choice    5,404     63.3   1,153-1,497   1,370   148.00-174.32   153.87

35 - 65% Choice    8,273     63.3     972-1,569   1,338   145.50-157.50   152.36

 0 - 35% Choice    1,010     62.6   1,214-1,455   1,308   151.12-156.50   153.23

Total all grades  17,490     63.1     972-1,569   1,344   145.50-178.05   154.65

HEIFER

Over 80% Choice    1,464     62.9   1,088-1,380   1,247   149.00-175.45   159.05

65 - 80% Choice    2,233     64.2   1,061-1,534   1,238   150.00-157.50   154.06

35 - 65% Choice    2,960     62.9   1,118-1,457   1,222   149.50-156.00   152.21

 0 - 35% Choice      131     63.1   1,194-1,226   1,209   155.00-155.00   155.00

Total all grades   6,788     63.3   1,061-1,534   1,233   149.00-175.45   154.35

MIXED STEER/HEIFER

Over 80% Choice      308     62.4   1,253-1,384   1,292   148.55-157.00   151.60

65 - 80% Choice       38     61.0   1,289-1,289   1,289   159.70-159.70   159.70

35 - 65% Choice      287     62.0   1,208-1,326   1,254   153.70-154.27   154.03

 0 - 35% Choice      262     62.6   1,175-1,299   1,257   150.00-151.31   150.38

Total all grades     895     62.3   1,175-1,384   1,269   148.55-159.70   152.37

ALL STEERS & HEIFERS

Total all grades  25,173     63.2     972-1,569   1,311   145.50-178.05   154.49

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      495     61.0   1,484-1,543   1,505   137.39-146.21   141.63

65 - 80% Choice      261     61.9   1,238-1,459   1,425   146.52-148.79   147.24

35 - 65% Choice      436     59.6   1,276-1,364   1,326   140.00-146.00   143.87

 0 - 35% Choice                          -                      -

Total all grades   1,192     60.7   1,238-1,543   1,422   137.39-148.79   143.68



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,131     63.4     674-934       830   232.13-250.92   240.80

65 - 80% Choice      597     64.5     744-925       799   231.80-241.38   234.89

35 - 65% Choice      977     64.6     743-948       838   215.62-237.87   230.69

 0 - 35% Choice    1,751     63.3     737-938       860   238.00-245.00   244.83

Total all grades   4,456     63.8     674-948       839   215.62-250.92   239.38

HEIFER

Over 80% Choice      375     63.2     684-786       746   236.49-239.69   239.31

65 - 80% Choice      554     62.9     679-915       773   232.24-239.25   237.92

35 - 65% Choice       22     61.3     706-757       731   232.76-233.34   233.05

 0 - 35% Choice    1,222     63.5     654-935       775   216.67-245.00   239.71

Total all grades   2,173     63.3     654-935       769   216.67-245.00   239.12

MIXED STEER/HEIFER

Over 80% Choice    1,896     63.6     645-875       783   231.00-246.94   238.77

65 - 80% Choice      818     62.5     721-899       795   232.33-241.88   236.56

35 - 65% Choice      358     62.3     760-898       817   222.62-244.06   233.34

 0 - 35% Choice      764     64.0     726-877       811   221.76-245.00   237.93

Total all grades   3,836     63.3     645-899       794   221.76-246.94   237.63

ALL STEERS & HEIFERS

Total all grades  10,465     63.5     645-948       808   215.62-250.92   238.68

MIXED STEER/HEIFER/COW

Over 80% Choice       51     60.7     796-805       801   231.78-235.55   233.41

65 - 80% Choice      450     63.0     652-816       750   221.49-237.64   234.34

35 - 65% Choice      510     60.3     749-940       858   221.51-233.56   227.64

 0 - 35% Choice      239     58.4     815-889       843   206.25-226.97   217.64

Total all grades   1,250     60.9     652-940       814   206.25-237.64   228.38

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,358     60.0     733-911       832   224.66-236.62   231.72

65 - 80% Choice      619     60.3     653-936       815   212.83-232.18   225.93

35 - 65% Choice      261     59.7     677-882       820   210.76-230.00   219.94

 0 - 35% Choice       36     56.9     646-646       646   227.97-227.97   227.97

Total all grades   2,274     60.0     646-936       823   210.76-236.62   228.73



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice       41     63.0   1,306-1,306   1,306   148.00-148.00   148.00

65 - 80% Choice      110     64.8   1,367-1,367   1,367   150.00-150.00   150.00

35 - 65% Choice       44     62.7   1,327-1,327   1,327   145.00-145.00   145.00

 0 - 35% Choice      288     63.9   1,264-1,519   1,333   144.71-148.00   147.39

Total all grades     483     63.9   1,264-1,519   1,338   144.71-150.00   147.82

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice      104     62.6   1,153-1,509   1,218   145.26-148.00   147.50

Total all grades     104     62.6   1,153-1,509   1,218   145.26-148.00   147.50

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      249     64.0   1,144-1,357   1,202   145.98-152.00   148.34

35 - 65% Choice      557     63.7   1,104-1,353   1,226   143.64-150.00   147.24

 0 - 35% Choice      306     63.4   1,066-1,345   1,198   136.69-149.00   145.14

Total all grades   1,112     63.6   1,066-1,357   1,213   136.69-152.00   146.91

ALL STEERS & HEIFERS

Total all grades   1,699     63.7   1,066-1,519   1,249   136.69-152.00   147.20

MIXED STEER/HEIFER/COW

No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       70     60.2   1,337-1,407   1,374   134.15-139.61   137.04

65 - 80% Choice      160     60.2   1,314-1,314   1,314   137.11-137.11   137.11

35 - 65% Choice      435     61.3   1,300-1,350   1,318   134.85-142.59   139.21

 0 - 35% Choice                          -                      -

Total all grades     665     60.9   1,300-1,407   1,323   134.15-142.59   138.48



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,504     63.8     618-956       872   202.44-241.89   217.59

65 - 80% Choice    3,860     63.3     709-940       848   202.74-242.66   216.07

35 - 65% Choice    3,724     63.6     693-977       861   190.42-242.25   215.64

 0 - 35% Choice      745     63.6     811-915       858   196.30-219.13   208.24

Total all grades  12,833     63.6     618-977       861   190.42-242.66   216.02

HEIFER

Over 80% Choice    1,719     64.1     738-896       794   203.39-222.86   212.07

65 - 80% Choice    1,789     63.6     727-897       791   201.80-243.89   216.66

35 - 65% Choice    5,240     64.5     672-835       792   192.47-240.75   228.49

 0 - 35% Choice      351     63.7     653-743       681   196.10-202.64   200.85

Total all grades   9,099     64.2     653-897       788   192.47-243.89   221.99

MIXED STEER/HEIFER

Over 80% Choice      410     63.1     794-901       844   204.18-220.52   207.05

65 - 80% Choice      325     63.6     823-906       889   201.05-203.64   202.61

35 - 65% Choice                          -                      -

 0 - 35% Choice      430     62.3     855-855       855   214.80-214.80   214.80

Total all grades   1,165     63.0     794-906       861   201.05-220.52   208.67

ALL STEERS & HEIFERS

Total all grades  23,097     63.8     618-977       832   190.42-243.89   218.00

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      317     61.0     769-874       793   211.39-213.59   213.08

35 - 65% Choice      309     63.2     780-780       780   202.36-202.36   202.36

 0 - 35% Choice                          -                      -

Total all grades     626     62.1     769-874       787   202.36-213.59   207.79

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,813     60.8     636-932       791   186.90-242.97   203.97

65 - 80% Choice    1,828     60.8     673-879       804   186.16-234.62   205.06

35 - 65% Choice      808     61.1     659-880       805   186.76-228.08   195.83

 0 - 35% Choice    1,900     61.1     761-907       848   193.21-227.64   215.13

Total all grades  10,349     60.9     636-932       805   186.16-242.97   205.58



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,905     63.5   1,182-1,509   1,399   128.50-165.38   143.72

65 - 80% Choice    3,085     63.3   1,247-1,516   1,432   128.99-150.75   146.80

35 - 65% Choice    3,116     63.2   1,275-1,515   1,390   128.55-152.75   141.69

 0 - 35% Choice      131     63.2   1,275-1,275   1,275   140.25-140.25   140.25

Total all grades   8,237     63.3   1,182-1,516   1,406   128.50-165.38   144.05

HEIFER

Over 80% Choice    1,218     63.8   1,100-1,324   1,228   132.66-150.00   142.53

65 - 80% Choice    2,877     63.7   1,100-1,365   1,214   128.85-150.00   138.56

35 - 65% Choice      925     63.5   1,100-1,246   1,142   137.65-149.60   142.32

 0 - 35% Choice                          -                      -

Total all grades   5,020     63.7   1,100-1,365   1,204   128.85-150.00   140.22

MIXED STEER/HEIFER

Over 80% Choice      518     63.0   1,137-1,290   1,241   128.62-154.57   146.05

65 - 80% Choice      257     63.5   1,220-1,275   1,245   126.37-136.49   130.98

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     775     63.2   1,137-1,290   1,242   126.37-154.57   141.05

ALL STEERS & HEIFERS

Total all grades  14,032     63.4   1,100-1,516   1,325   126.37-165.38   142.51

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,010     61.5   1,317-1,447   1,392   116.30-128.25   121.57

65 - 80% Choice      617     61.2   1,257-1,433   1,368   113.55-143.75   118.66

35 - 65% Choice      421     61.3   1,306-1,394   1,359   113.55-123.10   117.94

 0 - 35% Choice      340     61.2   1,348-1,418   1,376   121.50-127.00   124.22

Total all grades   2,388     61.3   1,257-1,447   1,378   113.55-143.75   120.56



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                52,298    63,728        813    239.07    234.77

KANSAS                  39,140    43,315        841    240.73    238.03

NEBRASKA                29,227    36,733        843    243.76    239.70

COLORADO                16,847    15,769        831    241.80    238.97

WESTERN CORNBELT         5,439     5,689        841    242.68    238.37

 TOTAL 5-AREA          142,168   164,706        830    240.93    237.23

N.CENTRAL/E.MT           3,508     5,528        820    244.85    241.16

WESTERN STATES          13,696    15,314        826    241.32    237.72

EASTERN CORNBELT           441       591        826    241.45    239.36

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 9,993    14,420      1,288    153.46    150.37

KANSAS                  10,323    11,013      1,319    154.15    150.19

NEBRASKA                 2,380     2,415      1,350    158.87    152.07

COLORADO                   978     1,768      1,319    153.85    151.29

WESTERN CORNBELT         1,196       818      1,359    157.89    154.98

 TOTAL 5-AREA           24,870    30,434      1,311    154.49    150.62

N.CENTRAL/E.MT             303       392      1,315    154.20    149.29

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,766     2,414        794    209.58    202.88

KANSAS                   9,942     8,195        823    226.43    223.47

NEBRASKA                 5,084    12,397        860    211.37    211.52

COLORADO                 2,401     8,323        829    210.32    212.13

WESTERN CORNBELT         1,350     2,811        834    207.98    210.21

 TOTAL 5-AREA           20,503    34,100        831    218.18    213.83

N.CENTRAL/E.MT             444     1,638        785    217.36    214.87

WESTERN STATES           1,227     1,065        900    220.76    220.72

EASTERN CORNBELT                      80                         208.91

NORTHEASTERN STATE         883       378        793    210.86    210.22



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,755     2,446      1,356    138.23    132.05

KANSAS                   8,011     5,324      1,341    146.87    145.88

NEBRASKA                 1,652     1,729      1,278    139.23    144.63

COLORADO

WESTERN CORNBELT         1,677     3,235      1,293    131.49    133.13

 TOTAL 5-AREA           13,095    12,734      1,329    142.78    139.81

N.CENTRAL/E.MT             822     2,183      1,269    138.47    135.09

WESTERN STATES

EASTERN CORNBELT           115       534      1,274    141.44    131.47

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,756     3,475        808    233.36    228.15

KANSAS                     140       373        798    239.00    230.12

NEBRASKA                 4,893     5,101        820    242.48    237.60

COLORADO                   252                  777    222.50

WESTERN CORNBELT         1,171     2,145        800    233.90    233.22

 TOTAL 5-AREA            8,161    10,812        813    238.64    233.41

N.CENTRAL/E.MT             594       610        786    239.32    236.59

WESTERN STATES

EASTERN CORNBELT           979     1,486        798    237.99    235.45

NORTHEASTERN STATE         602     1,123        787    239.57    231.72



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,462     2,619      1,233    146.90    144.96

KANSAS                     110                1,367    150.00

NEBRASKA

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            1,572     2,619      1,242    147.11    144.96

N.CENTRAL/E.MT              44                1,327    145.00

WESTERN STATES

EASTERN CORNBELT            83        41      1,332    150.02    149.56

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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