Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jul 21, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 07/20/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            184,917  26,411  211,328       235,653        290,420

Negotiated Grid Net:     19,773   2,756   22,529        24,266         25,461

Forward Contract Net:    22,199  16,117   38,316        36,214         23,920



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   17,548     64.1     665-980       875   235.89-293.71   254.05

65 - 80% Choice   28,547     64.3     716-1,015     891   232.84-258.77   248.48

35 - 65% Choice   32,912     64.4     684-1,005     874   233.64-276.65   246.61

 0 - 35% Choice   15,787     64.0     716-968       876   236.62-275.03   248.83

Total all grades  94,794     64.2     665-1,015     880   232.84-293.71   248.92

HEIFER

Over 80% Choice   18,077     64.0     657-960       796   226.74-297.47   252.80

65 - 80% Choice   21,107     64.4     666-934       782   223.31-290.15   249.54

35 - 65% Choice   12,653     64.3     628-926       762   233.50-255.68   247.03

 0 - 35% Choice    5,541     64.6     661-916       787   237.23-252.45   247.14

Total all grades  57,378     64.2     628-960       783   223.31-297.47   249.78

MIXED STEER/HEIFER

Over 80% Choice    5,004     63.5     656-949       820   239.56-276.79   254.87

65 - 80% Choice    2,965     63.2     669-927       818   241.39-253.51   248.54

35 - 65% Choice    1,387     63.3     631-920       805   241.35-250.17   245.53

 0 - 35% Choice    3,035     63.0     688-948       826   233.23-247.97   245.72

Total all grades  12,391     63.3     631-949       819   233.23-276.79   250.07

ALL STEERS & HEIFERS

Total all grades 164,563     64.2     628-1,015     841   223.31-297.47   249.31

MIXED STEER/HEIFER/COW

Over 80% Choice    2,111     63.5     625-880       794   238.97-257.98   251.20

65 - 80% Choice      770     63.5     633-878       769   221.51-251.47   237.72

35 - 65% Choice    2,144     63.2     639-999       850   217.04-249.64   242.17

 0 - 35% Choice      679     59.1     826-1,077     923   217.17-234.18   226.31

Total all grades   5,704     62.9     625-1,077     827   217.04-257.98   243.02

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,617     61.7     698-964       858   228.01-255.15   243.38

65 - 80% Choice    5,291     61.9     660-943       847   236.00-252.14   242.35

35 - 65% Choice    2,936     61.4     726-893       831   236.75-244.55   241.04

 0 - 35% Choice      806     62.0     776-907       855   235.75-249.60   240.61

Total all grades  14,650     61.7     660-964       849   228.01-255.15   242.39



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,380     63.1   1,163-1,551   1,369   151.35-177.50   162.99

65 - 80% Choice    4,508     63.4   1,210-1,555   1,420   156.00-160.71   158.55

35 - 65% Choice    8,342     63.4   1,074-1,530   1,333   152.74-159.50   156.79

 0 - 35% Choice    1,089     63.4   1,153-1,424   1,347   152.96-159.00   156.79

Total all grades  17,319     63.3   1,074-1,555   1,364   151.35-177.50   158.46

HEIFER

Over 80% Choice      822     63.6   1,154-1,304   1,245   156.00-179.27   164.09

65 - 80% Choice    2,348     63.5   1,074-1,403   1,231   155.00-176.38   159.88

35 - 65% Choice    2,541     63.1   1,043-1,444   1,233   152.64-159.50   157.26

 0 - 35% Choice      238     62.2   1,068-1,172   1,120   157.00-159.00   158.01

Total all grades   5,949     63.3   1,043-1,444   1,229   152.64-179.27   159.27

MIXED STEER/HEIFER

Over 80% Choice      384     62.7   1,211-1,375   1,261   157.50-173.97   161.75

65 - 80% Choice      564     60.3   1,129-1,345   1,231   157.50-173.07   164.10

35 - 65% Choice      271     63.4   1,108-1,524   1,364   152.84-159.00   157.06

 0 - 35% Choice      326     62.1   1,142-1,357   1,195   156.50-157.00   156.88

Total all grades   1,545     61.8   1,108-1,524   1,254   152.84-173.97   160.76

ALL STEERS & HEIFERS

Total all grades  24,813     63.2   1,043-1,555   1,325   151.35-179.27   158.79

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      592     61.4   1,211-1,473   1,347   144.78-157.87   152.91

65 - 80% Choice      490     61.4   1,309-1,500   1,427   145.15-149.56   147.75

35 - 65% Choice      516     60.7   1,302-1,419   1,360   143.00-149.00   146.05

 0 - 35% Choice                          -                      -

Total all grades   1,598     61.2   1,211-1,500   1,376   143.00-157.87   149.11



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,553     63.5     623-956       845   237.60-257.88   248.58

65 - 80% Choice      590     63.9     696-897       834   233.64-250.55   243.08

35 - 65% Choice    1,288     64.3     626-909       813   234.09-252.40   244.58

 0 - 35% Choice    4,088     63.4     815-945       879   245.00-256.21   246.29

Total all grades   7,519     63.6     623-956       857   233.64-257.88   246.22

HEIFER

Over 80% Choice      487     63.6     703-805       768   245.00-253.28   252.03

65 - 80% Choice      129     64.8     755-770       765   245.69-252.27   250.23

35 - 65% Choice      598     63.2     649-851       727   239.19-248.30   244.23

 0 - 35% Choice    1,559     62.9     722-928       797   225.40-248.00   244.33

Total all grades   2,773     63.1     649-928       775   225.40-253.28   245.93

MIXED STEER/HEIFER

Over 80% Choice    2,248     63.2     644-882       781   231.83-257.77   247.74

65 - 80% Choice      770     62.9     648-861       792   234.67-253.63   244.81

35 - 65% Choice    1,033     63.9     671-928       815   231.00-251.31   241.64

 0 - 35% Choice      809     64.7     748-897       835   222.39-248.65   241.98

Total all grades   4,860     63.5     644-928       799   222.39-257.77   245.02

ALL STEERS & HEIFERS

Total all grades  15,152     63.5     623-956       823   222.39-257.88   245.78

MIXED STEER/HEIFER/COW

Over 80% Choice      141     63.2     752-855       820   237.81-251.41   242.28

65 - 80% Choice      383     62.7     689-906       796   235.09-251.44   243.99

35 - 65% Choice      641     60.4     658-878       823   223.34-248.00   239.88

 0 - 35% Choice      354     57.5     810-958       848   227.84-235.95   232.81

Total all grades   1,519     60.6     658-958       822   223.34-251.44   239.49

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,103     59.9     723-949       837   229.36-249.25   238.55

65 - 80% Choice      474     59.7     704-873       800   226.48-237.86   234.00

35 - 65% Choice      294     60.8     765-926       824   233.13-238.94   233.54

 0 - 35% Choice      231     61.2     626-822       795   218.42-235.00   232.92

Total all grades   3,102     60.0     626-949       827   218.42-249.25   236.96



                        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      124     64.9   1,162-1,190   1,181   156.00-156.00   156.00

 0 - 35% Choice      110     63.7   1,123-1,225   1,200   151.21-156.00   152.47

Total all grades     234     64.3   1,123-1,225   1,190   151.21-156.00   154.34

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       18     61.9   1,187-1,187   1,187   154.06-154.06   154.06

35 - 65% Choice       70     62.6   1,164-1,448   1,233   152.34-156.20   155.26

 0 - 35% Choice       41     63.4   1,261-1,261   1,261   153.45-153.45   153.45

Total all grades     129     62.8   1,164-1,448   1,235   152.34-156.20   154.52

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      123     63.5   1,285-1,292   1,287   150.21-157.00   152.20

35 - 65% Choice      700     63.5   1,058-1,469   1,219   151.36-156.50   153.83

 0 - 35% Choice      348     63.5   1,075-1,313   1,203   152.00-155.00   154.45

Total all grades   1,171     63.5   1,058-1,469   1,221   150.21-157.00   153.84

ALL STEERS & HEIFERS

Total all grades   1,534     63.5   1,058-1,469   1,218   150.21-157.00   153.97

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      136     61.8   1,359-1,436   1,392   147.18-148.49   147.99

65 - 80% Choice      758     61.9   1,258-1,427   1,393   146.74-150.52   148.75

35 - 65% Choice      290     61.6   1,219-1,382   1,306   144.16-149.89   146.17

 0 - 35% Choice       38     61.2   1,262-1,262   1,262   145.38-145.38   145.38

Total all grades   1,222     61.8   1,219-1,436   1,368   144.16-150.52   147.95



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,600     63.7     768-973       899   198.35-248.03   218.63

65 - 80% Choice    2,334     64.3     752-976       922   205.35-250.91   223.46

35 - 65% Choice    2,179     64.6     776-939       874   191.25-248.82   219.10

 0 - 35% Choice      678     65.0     816-892       850   189.29-239.56   208.15

Total all grades   6,791     64.3     752-976       894   189.29-250.91   219.39

HEIFER

Over 80% Choice    2,274     63.8     743-888       826   199.61-253.52   226.16

65 - 80% Choice    1,869     63.9     718-863       815   203.15-253.74   221.45

35 - 65% Choice      601     65.4     723-814       776   196.09-248.82   221.28

 0 - 35% Choice       80     65.5     813-813       813   205.69-205.69   205.69

Total all grades   4,824     64.1     718-888       815   196.09-253.74   223.38

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       90     63.7     810-810       810   247.05-247.05   247.05

35 - 65% Choice                          -                      -

 0 - 35% Choice    1,092     63.7     712-912       874   197.75-207.20   204.04

Total all grades   1,182     63.7     712-912       869   197.75-247.05   207.32

ALL STEERS & HEIFERS

Total all grades  12,797     64.2     712-976       862   189.29-253.74   219.78

MIXED STEER/HEIFER/COW

Over 80% Choice      206     64.5     873-873       873   230.58-230.58   230.58

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     206     64.5     873-873       873   230.58-230.58   230.58

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,085     60.7     709-917       791   191.11-246.19   203.81

65 - 80% Choice    1,110     60.8     748-908       819   188.21-229.42   197.73

35 - 65% Choice    2,189     60.8     722-867       801   188.21-226.69   208.64

 0 - 35% Choice    1,812     61.1     738-905       848   197.17-227.64   216.31

Total all grades   9,196     60.8     709-917       808   188.21-246.19   206.69



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,810     63.9   1,170-1,538   1,419   127.80-170.50   151.03

65 - 80% Choice    2,477     63.6   1,174-1,535   1,412   124.81-160.22   152.36

35 - 65% Choice    3,956     63.8   1,200-1,496   1,438   134.70-160.22   157.80

 0 - 35% Choice                          -                      -

Total all grades   9,243     63.8   1,170-1,538   1,425   124.81-170.50   154.28

HEIFER

Over 80% Choice    1,233     62.9   1,100-1,427   1,243   134.30-160.22   152.29

65 - 80% Choice    2,722     63.5   1,208-1,313   1,261   124.81-160.22   155.28

35 - 65% Choice      603     63.6   1,100-1,269   1,197   155.25-160.22   156.75

 0 - 35% Choice                          -                      -

Total all grades   4,558     63.3   1,100-1,427   1,248   124.81-160.22   154.66

MIXED STEER/HEIFER

Over 80% Choice      674     64.2   1,083-1,328   1,265   128.60-165.42   145.57

65 - 80% Choice      730     63.2   1,237-1,300   1,269   125.90-146.00   130.96

35 - 65% Choice      213     63.2   1,150-1,210   1,188   156.22-156.85   156.49

 0 - 35% Choice                          -                      -

Total all grades   1,617     63.6   1,083-1,328   1,257   125.90-165.42   140.41

ALL STEERS & HEIFERS

Total all grades  15,418     63.6   1,083-1,538   1,355   124.81-170.50   152.94

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       41     63.1   1,185-1,185   1,185   133.21-133.21   133.21

 0 - 35% Choice                          -                      -

Total all grades      41     63.1   1,185-1,185   1,185   133.21-133.21   133.21

DAIRYBRED STEER/HEIFER

Over 80% Choice      368     61.4   1,230-1,365   1,344   124.25-124.30   124.26

65 - 80% Choice       89     60.2   1,264-1,264   1,264   119.65-119.65   119.65

35 - 65% Choice       56     59.9   1,280-1,280   1,280   118.02-118.02   118.02

 0 - 35% Choice      145     61.3   1,443-1,443   1,443   119.18-119.18   119.18

Total all grades     658     61.1   1,230-1,443   1,350   118.02-124.30   121.98



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                53,875    61,163        824    247.05    245.08

KANSAS                  42,946    38,747        846    251.23    248.13

NEBRASKA                30,277    30,273        862    249.22    251.12

COLORADO                14,137    13,150        856    250.89    250.73

WESTERN CORNBELT         5,543     7,205        837    249.21    248.27

 TOTAL 5-AREA          146,289   149,930        842    249.15    247.71

N.CENTRAL/E.MT           3,418     5,463        826    251.59    250.47

WESTERN STATES          13,606    18,337        842    250.29    248.04

EASTERN CORNBELT           710     1,086        802    248.86    249.40

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 8,075    12,053      1,259    158.57    158.21

KANSAS                   9,989    13,168      1,355    158.16    157.73

NEBRASKA                 4,024     4,702      1,363    160.22    162.18

COLORADO                 1,572       897      1,341    157.56    159.34

WESTERN CORNBELT           939     1,364      1,392    161.24    161.58

 TOTAL 5-AREA           24,599    32,184      1,325    158.71    158.77

N.CENTRAL/E.MT             214     1,087      1,264    168.45    160.35

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,356     1,696        830    212.33    219.34

KANSAS                   2,633     3,129        850    231.46    245.61

NEBRASKA                 2,325     2,610        846    216.02    209.14

COLORADO                 2,886     1,050        894    217.19    206.91

WESTERN CORNBELT           988       480        884    212.38    208.40

 TOTAL 5-AREA           11,188     8,925        859    218.86    223.56

N.CENTRAL/E.MT             126       174        795    240.19    211.02

WESTERN STATES           1,299     2,261        900    227.34    220.34

EASTERN CORNBELT            72        38        741    206.89    205.10

NORTHEASTERN STATE         112       263        834    209.76    214.81



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   773     1,059      1,165    151.61    142.75

KANSAS                   6,918     7,029      1,399    158.28    151.55

NEBRASKA                 4,991     3,129      1,343    155.31    151.32

COLORADO                   183       305      1,361    124.81    129.56

WESTERN CORNBELT         1,782     1,219      1,353    133.18    134.13

 TOTAL 5-AREA           14,647    12,615      1,361    153.44    148.70

N.CENTRAL/E.MT             234       325      1,258    150.11    136.68

WESTERN STATES             372                1,190    146.00

EASTERN CORNBELT           165       297      1,329    128.00    133.36

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,602     4,207        825    243.73    236.26

KANSAS                     691       209        754    245.67    241.82

NEBRASKA                 5,856     4,891        858    246.44    246.94

COLORADO                    54       106        843    247.00    244.83

WESTERN CORNBELT         1,839     2,536        812    245.43    242.31

 TOTAL 5-AREA           10,733    11,769        837    245.48    242.05

N.CENTRAL/E.MT             924       781        801    247.37    242.58

WESTERN STATES

EASTERN CORNBELT         2,198       819        787    246.04    238.03

NORTHEASTERN STATE         884       918        769    246.27    241.18



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,437     3,463      1,216    154.03    149.82

KANSAS

NEBRASKA                             568                         155.54

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            1,437     4,031      1,216    154.03    150.62

N.CENTRAL/E.MT              97                1,238    153.17

WESTERN STATES

EASTERN CORNBELT                      42                         145.40

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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