Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jul 14, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 07/13/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            200,184  35,469  235,653       207,026        293,647

Negotiated Grid Net:     19,278   4,988   24,266        16,353         29,267

Forward Contract Net:    21,698  14,516   36,214        50,492         25,678



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   24,720     63.9     674-1,025     874   231.54-283.83   251.46

65 - 80% Choice   30,981     64.1     715-987       883   228.98-279.30   247.11

35 - 65% Choice   29,962     64.3     633-1,000     861   235.02-281.95   245.50

 0 - 35% Choice   15,615     64.0     695-1,000     866   234.16-278.95   247.59

Total all grades 101,278     64.1     633-1,025     872   228.98-283.83   247.77

HEIFER

Over 80% Choice   14,770     63.9     667-897       783   236.61-283.83   249.81

65 - 80% Choice   16,970     64.1     622-894       771   234.80-255.08   247.18

35 - 65% Choice   18,266     64.4     628-1,003     743   235.95-252.69   245.73

 0 - 35% Choice    7,525     64.5     674-896       796   234.19-253.78   247.55

Total all grades  57,531     64.2     622-1,003     768   234.19-283.83   247.44

MIXED STEER/HEIFER

Over 80% Choice    8,800     63.4     674-991       810   235.86-283.83   252.30

65 - 80% Choice    3,438     63.2     632-1,028     800   234.45-266.73   247.67

35 - 65% Choice    1,751     62.9     667-972       801   232.93-271.72   245.34

 0 - 35% Choice    2,626     63.0     690-901       774   234.28-255.02   246.94

Total all grades  16,615     63.2     632-1,028     801   232.93-283.83   249.76

ALL STEERS & HEIFERS

Total all grades 175,424     64.0     622-1,028     831   228.98-283.83   247.85

MIXED STEER/HEIFER/COW

Over 80% Choice      962     63.2     734-969       817   233.74-253.42   249.19

65 - 80% Choice    1,264     63.2     683-962       798   234.39-249.64   244.81

35 - 65% Choice    2,695     62.7     688-973       809   221.75-249.69   238.77

 0 - 35% Choice    1,121     60.2     689-1,060     899   205.27-243.01   225.01

Total all grades   6,042     62.4     683-1,060     825   205.27-253.42   239.14

DAIRYBRED STEER/HEIFER

Over 80% Choice    6,317     61.8     645-968       863   228.78-249.60   242.00

65 - 80% Choice    6,316     61.6     720-940       848   231.04-247.07   241.43

35 - 65% Choice    4,704     61.6     667-938       837   229.50-245.32   239.74

 0 - 35% Choice    1,381     62.0     774-914       868   237.00-246.34   242.23

Total all grades  18,718     61.7     645-968       852   228.78-249.60   241.26



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,206     63.2   1,116-1,514   1,295   155.59-183.27   167.22

65 - 80% Choice    6,912     63.1   1,212-1,535   1,399   151.00-177.18   157.68

35 - 65% Choice    9,564     63.1   1,101-1,603   1,344   151.00-160.31   157.02

 0 - 35% Choice    1,629     62.7   1,197-1,444   1,332   155.50-159.50   158.24

Total all grades  21,311     63.1   1,101-1,603   1,354   151.00-183.27   158.86

HEIFER

Over 80% Choice    1,321     62.5   1,123-1,315   1,203   155.00-180.02   170.44

65 - 80% Choice    1,754     63.2   1,145-1,443   1,249   151.00-179.44   157.10

35 - 65% Choice    5,260     63.3   1,018-1,374   1,186   154.00-177.90   157.41

 0 - 35% Choice      996     62.4     972-1,444   1,249   154.40-159.00   158.48

Total all grades   9,331     63.1     972-1,444   1,207   151.00-180.02   159.31

MIXED STEER/HEIFER

Over 80% Choice      933     62.8   1,198-1,387   1,293   150.24-169.56   156.89

65 - 80% Choice      244     62.2   1,160-1,296   1,225   152.50-168.08   156.63

35 - 65% Choice    1,354     62.3   1,003-1,475   1,218   154.00-161.02   156.58

 0 - 35% Choice       98     63.9   1,008-1,008   1,008   159.00-159.00   159.00

Total all grades   2,629     62.5   1,003-1,475   1,237   150.24-169.56   156.78

ALL STEERS & HEIFERS

Total all grades  33,271     63.1     972-1,603   1,303   150.24-183.27   158.82

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      443     60.9   1,282-1,434   1,374   142.47-150.43   145.08

65 - 80% Choice    1,062     61.2   1,319-1,412   1,367   136.75-154.00   147.48

35 - 65% Choice      693     61.6   1,124-1,452   1,362   142.42-149.00   147.54

 0 - 35% Choice                          -                      -

Total all grades   2,198     61.2   1,124-1,452   1,367   136.75-154.00   147.02



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,119     63.5     655-991       855   232.26-257.54   243.93

65 - 80% Choice      780     64.0     762-909       834   234.00-248.78   239.54

35 - 65% Choice    1,657     63.8     696-929       829   223.03-246.50   237.83

 0 - 35% Choice    3,175     63.3     716-959       860   230.90-250.00   246.95

Total all grades   7,731     63.5     655-991       849   223.03-257.54   243.42

HEIFER

Over 80% Choice      272     63.0     696-850       765   243.41-254.87   248.10

65 - 80% Choice      231     62.8     737-800       757   224.50-249.29   242.59

35 - 65% Choice      551     62.5     659-944       802   237.18-252.08   241.72

 0 - 35% Choice      507     63.2     727-941       821   224.36-250.00   240.60

Total all grades   1,561     62.9     659-944       795   224.36-254.87   242.60

MIXED STEER/HEIFER

Over 80% Choice    1,369     63.4     662-866       779   233.71-253.84   244.82

65 - 80% Choice    1,183     63.3     706-882       796   221.79-250.00   239.39

35 - 65% Choice    1,613     63.6     725-935       812   226.07-246.22   235.99

 0 - 35% Choice    1,226     63.9     656-887       840   217.99-250.00   237.32

Total all grades   5,391     63.5     656-935       807   217.99-253.84   239.28

ALL STEERS & HEIFERS

Total all grades  14,683     63.5     655-991       828   217.99-257.54   241.81

MIXED STEER/HEIFER/COW

Over 80% Choice      142     61.9     709-794       754   235.79-240.42   237.09

65 - 80% Choice      556     62.7     754-896       837   224.17-245.17   240.92

35 - 65% Choice      444     60.5     719-920       853   227.60-239.21   235.74

 0 - 35% Choice      203     58.1     829-914       862   228.85-232.72   230.77

Total all grades   1,345     61.2     709-920       837   224.17-245.17   237.27

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,611     59.9     751-938       831   226.11-245.80   235.54

65 - 80% Choice      393     59.0     701-856       778   228.93-236.26   230.89

35 - 65% Choice      246     59.9     745-851       797   229.95-236.45   233.79

 0 - 35% Choice                          -                      -

Total all grades   3,250     59.8     701-938       822   226.11-245.80   234.85



                        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      258     62.7   1,174-1,271   1,245   141.95-157.00   148.66

 0 - 35% Choice      334     63.7   1,123-1,369   1,258   146.63-153.00   149.57

Total all grades     592     63.2   1,123-1,369   1,253   141.95-157.00   149.18

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      528     63.2   1,124-1,173   1,149   156.00-156.00   156.00

35 - 65% Choice       97     64.2   1,160-1,445   1,267   149.50-154.00   151.53

 0 - 35% Choice                          -                      -

Total all grades     625     63.3   1,124-1,445   1,167   149.50-156.00   155.31

MIXED STEER/HEIFER

Over 80% Choice       42     62.8   1,274-1,274   1,274   145.40-145.40   145.40

65 - 80% Choice      389     63.5   1,059-1,277   1,216   149.40-154.00   151.25

35 - 65% Choice    1,748     63.8   1,020-1,461   1,210   142.20-157.00   149.49

 0 - 35% Choice      677     63.4   1,081-1,418   1,242   147.54-153.47   150.14

Total all grades   2,856     63.6   1,020-1,461   1,219   142.20-157.00   149.82

ALL STEERS & HEIFERS

Total all grades   4,073     63.5   1,020-1,461   1,216   141.95-157.00   150.57

MIXED STEER/HEIFER/COW

 No Reportable Trade. 

DAIRYBRED STEER/HEIFER

Over 80% Choice      253     61.4   1,241-1,410   1,373   138.80-146.00   142.99

65 - 80% Choice      455     61.7   1,278-1,474   1,404   141.60-146.74   145.49

35 - 65% Choice      207     61.2   1,289-1,425   1,336   139.81-146.00   140.58

 0 - 35% Choice                          -                      -

Total all grades     915     61.5   1,241-1,474   1,380   138.80-146.74   143.69



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,093     63.7     778-974       890   194.91-248.82   225.18

65 - 80% Choice      403     63.9     809-921       883   194.91-249.00   211.05

35 - 65% Choice    1,698     64.2     720-896       852   195.75-242.21   217.92

 0 - 35% Choice      769     63.3     662-885       751   198.21-208.93   203.72

Total all grades   5,963     63.8     662-974       861   194.91-249.00   219.39

HEIFER

Over 80% Choice    1,685     64.4     737-904       854   203.56-248.82   217.83

65 - 80% Choice    1,421     63.9     711-859       803   202.49-249.33   227.03

35 - 65% Choice    1,602     64.5     736-833       799   194.39-249.30   244.05

 0 - 35% Choice                          -                      -

Total all grades   4,708     64.3     711-904       820   194.39-249.33   229.53

MIXED STEER/HEIFER

Over 80% Choice       45     63.3     939-939       939   220.36-220.36   220.36

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice      985     63.9     810-821       817   207.20-207.20   207.20

Total all grades   1,030     63.8     810-939       822   207.20-220.36   207.77

ALL STEERS & HEIFERS

Total all grades  11,701     64.0     662-974       841   194.39-249.33   222.45

MIXED STEER/HEIFER/COW

Over 80% Choice      612     65.0     880-890       885   220.48-223.65   222.29

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     612     65.0     880-890       885   220.48-223.65   222.29

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,658     60.6     710-913       795   192.66-247.17   202.72

65 - 80% Choice    1,633     61.1     717-868       814   188.21-232.40   208.33

35 - 65% Choice    1,738     61.6     715-876       815   191.20-237.30   210.92

 0 - 35% Choice    2,356     61.0     779-919       842   197.17-227.64   211.82

Total all grades   9,385     61.0     710-919       814   188.21-247.17   207.50



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,013     63.5   1,200-1,535   1,398   129.52-164.62   146.33

65 - 80% Choice    2,230     63.6   1,371-1,516   1,450   134.70-155.25   150.78

35 - 65% Choice    2,766     63.5   1,225-1,501   1,405   129.56-155.25   149.74

 0 - 35% Choice      333     62.7   1,278-1,341   1,293   128.57-152.80   147.12

Total all grades   8,342     63.5   1,200-1,535   1,410   128.57-164.62   148.68

HEIFER

Over 80% Choice    1,370     63.0   1,100-1,371   1,253   131.47-155.25   146.47

65 - 80% Choice    2,511     63.2   1,100-1,406   1,245   129.56-155.25   151.77

35 - 65% Choice      806     63.9   1,168-1,209   1,184   129.96-152.75   134.34

 0 - 35% Choice                          -                      -

Total all grades   4,687     63.3   1,100-1,406   1,237   129.56-155.25   147.22

MIXED STEER/HEIFER

Over 80% Choice      263     63.4   1,125-1,278   1,183   128.32-156.66   141.47

65 - 80% Choice       71     63.5   1,175-1,480   1,312   130.89-134.70   132.61

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     334     63.4   1,125-1,480   1,211   128.32-156.66   139.59

ALL STEERS & HEIFERS

Total all grades  13,363     63.4   1,100-1,535   1,344   128.32-164.62   147.94

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      888     62.1   1,286-1,447   1,358   119.18-154.32   137.37

65 - 80% Choice       61     60.2   1,413-1,414   1,413   120.00-122.10   121.03

35 - 65% Choice                          -                      -

 0 - 35% Choice      204     60.4   1,347-1,347   1,347   121.50-121.50   121.50

Total all grades   1,153     61.7   1,286-1,447   1,359   119.18-154.32   133.70



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                61,163    52,298        806    245.08    239.07

KANSAS                  38,747    39,140        844    248.13    240.73

NEBRASKA                30,273    29,227        852    251.12    243.76

COLORADO                13,150    16,847        844    250.73    241.80

WESTERN CORNBELT         7,205     5,439        834    248.27    242.68

 TOTAL 5-AREA          149,930   142,168        830    247.71    240.93

N.CENTRAL/E.MT           5,463     3,508        827    250.47    244.85

WESTERN STATES          18,337    13,609        842    248.04    241.33

EASTERN CORNBELT         1,086       441        841    249.40    241.45

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                12,053     9,993      1,255    158.21    153.46

KANSAS                  13,168    10,323      1,335    157.73    154.15

NEBRASKA                 4,702     2,380      1,325    162.18    158.87

COLORADO                   897       978      1,291    159.34    153.85

WESTERN CORNBELT         1,364     1,196      1,371    161.58    157.89

 TOTAL 5-AREA           32,184    24,870      1,304    158.77    154.49

N.CENTRAL/E.MT           1,087       303      1,280    160.35    154.20

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,696     1,766        848    219.34    209.58

KANSAS                   3,129     9,942        825    245.61    226.43

NEBRASKA                 2,610     5,084        805    209.14    211.37

COLORADO                 1,050     2,401        810    206.91    210.32

WESTERN CORNBELT           480     1,350        871    208.40    207.98

 TOTAL 5-AREA            8,925    20,503        824    223.56    218.18

N.CENTRAL/E.MT             174       444        908    211.02    217.36

WESTERN STATES           2,261     1,227        906    220.34    220.76

EASTERN CORNBELT            38                  778    205.10

NORTHEASTERN STATE         263       883        806    214.81    210.86



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,059     1,755      1,266    142.75    138.23

KANSAS                   7,029     8,011      1,381    151.55    146.87

NEBRASKA                 3,129     1,652      1,304    151.32    139.23

COLORADO                   305                1,375    129.56

WESTERN CORNBELT         1,219     1,677      1,317    134.13    131.49

 TOTAL 5-AREA           12,615    13,095      1,348    148.70    142.78

N.CENTRAL/E.MT             325       822      1,275    136.68    138.47

WESTERN STATES

EASTERN CORNBELT           297       115      1,339    133.36    141.44

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,207     1,756        815    236.26    233.36

KANSAS                     209       140        681    241.82    239.00

NEBRASKA                 4,891     4,893        864    246.94    242.48

COLORADO                   106       252        815    244.83    222.50

WESTERN CORNBELT         2,536     1,171        813    242.31    233.90

 TOTAL 5-AREA           11,769     8,161        834    242.05    238.64

N.CENTRAL/E.MT             781       594        833    242.58    239.32

WESTERN STATES

EASTERN CORNBELT           819       979        793    238.03    237.99

NORTHEASTERN STATE         918       602        803    241.18    239.57



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,463     1,462      1,225    149.82    146.90

KANSAS                               110                         150.00

NEBRASKA                   568                1,158    155.54

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            4,031     1,572      1,215    150.62    147.11

N.CENTRAL/E.MT                        44                         145.00

WESTERN STATES

EASTERN CORNBELT            42        83      1,274    145.40    150.02

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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