Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Jul 28, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 07/27/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            189,511  27,188  216,699       211,328        285,844

Negotiated Grid Net:     13,446   3,333   16,779        22,529         34,736

Forward Contract Net:    29,768  16,113   45,881        38,316         25,707



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   21,238     64.1     659-983       884   231.84-285.97   250.62

65 - 80% Choice   27,188     64.6     669-989       891   233.17-276.67   246.80

35 - 65% Choice   32,555     64.5     617-974       872   224.49-253.46   244.90

 0 - 35% Choice   17,575     64.0     608-971       875   234.13-271.86   247.60

Total all grades  98,556     64.4     608-989       880   224.49-285.97   247.14

HEIFER

Over 80% Choice   15,958     64.0     663-912       795   240.35-287.12   250.70

65 - 80% Choice   19,525     64.4     639-882       792   240.39-255.65   247.07

35 - 65% Choice   14,059     64.4     621-988       774   231.78-249.84   243.94

 0 - 35% Choice    5,137     64.3     629-884       806   233.23-253.06   246.42

Total all grades  54,679     64.3     621-988       790   231.78-287.12   247.26

MIXED STEER/HEIFER

Over 80% Choice    6,795     63.8     672-947       825   243.89-278.98   252.40

65 - 80% Choice    2,343     63.4     643-966       816   236.09-259.06   247.37

35 - 65% Choice    2,511     63.8     609-963       796   234.57-257.00   245.54

 0 - 35% Choice    2,625     62.7     709-924       791   225.78-257.00   248.07

Total all grades  14,274     63.5     609-966       812   225.78-278.98   249.57

ALL STEERS & HEIFERS

Total all grades 167,509     64.3     608-989       845   224.49-287.12   247.39

MIXED STEER/HEIFER/COW

Over 80% Choice    1,023     63.9     757-923       821   240.43-249.91   246.21

65 - 80% Choice    1,732     63.9     662-907       817   235.06-250.49   244.72

35 - 65% Choice    2,095     63.5     700-921       801   224.58-247.23   241.64

 0 - 35% Choice      373     62.2     689-798       780   232.43-242.45   238.76

Total all grades   5,223     63.7     662-923       809   224.58-250.49   243.35

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,557     61.6     696-954       858   233.60-252.75   241.52

65 - 80% Choice    7,479     61.6     710-932       860   224.04-245.62   240.35

35 - 65% Choice    4,738     61.6     605-883       830   225.17-243.39   239.55

 0 - 35% Choice    1,005     60.8     740-887       820   224.57-243.34   239.08

Total all grades  16,779     61.6     605-954       849   224.04-252.75   240.30



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,235     63.5   1,193-1,490   1,386   155.33-178.70   162.03

65 - 80% Choice    4,495     63.4   1,235-1,493   1,417   155.00-173.73   157.58

35 - 65% Choice    9,197     63.3   1,106-1,527   1,333   151.84-158.73   155.83

 0 - 35% Choice    1,062     62.5   1,182-1,573   1,417   149.00-157.50   156.16

Total all grades  16,989     63.3   1,106-1,573   1,368   149.00-178.70   157.13

HEIFER

Over 80% Choice    1,203     63.2   1,135-1,502   1,193   155.00-178.36   170.60

65 - 80% Choice    1,721     63.9   1,103-1,446   1,273   154.50-157.50   156.92

35 - 65% Choice    3,953     63.6   1,018-1,347   1,205   151.56-158.00   156.12

 0 - 35% Choice      148     63.8   1,190-1,190   1,190   156.50-156.50   156.50

Total all grades   7,025     63.6   1,018-1,502   1,219   151.56-178.36   158.80

MIXED STEER/HEIFER

Over 80% Choice      370     63.4   1,139-1,382   1,284   160.50-174.85   169.11

65 - 80% Choice      390     60.2   1,207-1,307   1,261   156.00-170.82   163.43

35 - 65% Choice      576     62.6   1,059-1,360   1,251   155.00-165.84   156.77

 0 - 35% Choice       92     62.4   1,332-1,332   1,332   156.50-156.50   156.50

Total all grades   1,428     62.1   1,059-1,382   1,267   155.00-174.85   161.77

ALL STEERS & HEIFERS

Total all grades  25,442     63.3   1,018-1,573   1,321   149.00-178.70   157.85

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      129     63.0   1,116-1,116   1,116   141.00-141.00   141.00

 0 - 35% Choice                          -                      -

Total all grades     129     63.0   1,116-1,116   1,116   141.00-141.00   141.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      658     60.8   1,318-1,516   1,444   144.27-149.08   146.09

65 - 80% Choice      143     61.2   1,365-1,412   1,381   144.00-147.62   145.54

35 - 65% Choice      690     61.9   1,306-1,458   1,362   143.00-155.78   148.60

 0 - 35% Choice      126     62.6   1,310-1,310   1,310   155.78-155.78   155.78

Total all grades   1,617     61.4   1,306-1,516   1,393   143.00-155.78   147.87



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,378     63.2     671-958       861   234.35-252.00   249.44

65 - 80% Choice      647     63.9     733-990       818   239.46-267.00   244.84

35 - 65% Choice      520     63.4     722-953       837   231.85-248.28   242.92

 0 - 35% Choice      603     63.8     594-925       822   238.72-248.00   243.78

Total all grades   3,148     63.5     594-990       841   231.85-267.00   246.33

HEIFER

Over 80% Choice      301     62.9     658-907       765   228.06-250.16   243.84

65 - 80% Choice      532     63.5     713-826       761   229.38-251.27   245.74

35 - 65% Choice      209     62.6     708-839       774   225.14-244.43   234.31

 0 - 35% Choice    1,003     63.2     698-931       835   226.60-248.00   246.07

Total all grades   2,045     63.2     658-931       799   225.14-251.27   244.45

MIXED STEER/HEIFER

Over 80% Choice    1,552     63.5     677-886       790   236.72-257.23   246.66

65 - 80% Choice    1,209     64.4     697-915       822   235.17-251.09   246.51

35 - 65% Choice    1,026     62.8     612-889       772   229.54-246.00   240.56

 0 - 35% Choice      600     63.3     700-867       799   232.07-248.00   244.58

Total all grades   4,387     63.6     612-915       796   229.54-257.23   244.91

ALL STEERS & HEIFERS

Total all grades   9,580     63.5     594-990       811   225.14-267.00   245.28

MIXED STEER/HEIFER/COW

Over 80% Choice       38     65.4     902-902       902   248.89-248.89   248.89

65 - 80% Choice                          -                      -

35 - 65% Choice      353     66.4     818-836       828   241.76-245.00   244.20

 0 - 35% Choice                          -                      -

Total all grades     391     66.3     818-902       835   241.76-248.89   244.65

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,114     60.0     720-912       830   231.36-245.90   237.65

65 - 80% Choice      713     60.5     678-910       801   226.40-240.74   234.17

35 - 65% Choice      316     61.4     727-830       803   231.48-241.40   236.00

 0 - 35% Choice      332     60.9     746-829       803   225.39-236.00   234.25

Total all grades   3,475     60.3     678-912       819   225.39-245.90   236.46



                        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       44     62.4   1,137-1,137   1,137   153.00-153.00   153.00

35 - 65% Choice       22     63.5   1,289-1,289   1,289   155.00-155.00   155.00

 0 - 35% Choice      268     63.5   1,205-1,387   1,269   150.20-155.00   153.15

Total all grades     334     63.4   1,137-1,387   1,253   150.20-155.00   153.25

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       96     64.4   1,022-1,022   1,022   154.00-154.00   154.00

35 - 65% Choice      168     63.1   1,036-1,256   1,163   154.00-154.29   154.14

 0 - 35% Choice       32     62.6   1,413-1,413   1,413   149.25-149.25   149.25

Total all grades     296     63.4   1,022-1,413   1,144   149.25-154.29   153.56

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       61     62.5   1,243-1,443   1,302   144.00-155.00   151.75

35 - 65% Choice    1,034     63.7   1,143-1,519   1,235   146.25-156.50   152.64

 0 - 35% Choice      579     63.0     973-1,410   1,250   138.93-155.00   150.06

Total all grades   1,674     63.4     973-1,519   1,243   138.93-156.50   151.71

ALL STEERS & HEIFERS

Total all grades   2,304     63.4     973-1,519   1,232   138.93-156.50   152.18

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       72     63.9   1,367-1,367   1,367   147.00-147.00   147.00

65 - 80% Choice      565     61.8   1,288-1,401   1,361   141.99-147.00   144.94

35 - 65% Choice      392     61.3   1,322-1,363   1,332   145.05-148.46   146.39

 0 - 35% Choice                          -                      -

Total all grades   1,029     61.8   1,288-1,401   1,350   141.99-148.46   145.64



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,669     64.2     773-996       936   199.10-243.66   223.79

65 - 80% Choice    2,336     64.1     777-1,001     905   205.69-245.37   227.26

35 - 65% Choice    3,070     64.5     747-961       870   194.61-249.62   214.80

 0 - 35% Choice      603     64.7     776-887       832   197.48-213.18   201.44

Total all grades   8,678     64.3     747-1,001     897   194.61-249.62   219.99

HEIFER

Over 80% Choice    2,203     64.4     738-901       841   197.59-241.28   222.05

65 - 80% Choice    2,729     64.5     726-881       845   204.05-242.08   234.06

35 - 65% Choice    2,909     64.9     691-841       801   193.11-237.56   231.30

 0 - 35% Choice      420     63.1     769-843       818   199.09-206.40   201.78

Total all grades   8,261     64.6     691-901       827   193.11-242.08   228.24

MIXED STEER/HEIFER

Over 80% Choice       43     64.1     672-672       672   205.25-205.25   205.25

65 - 80% Choice      155     63.9     896-896       896   203.33-203.33   203.33

35 - 65% Choice      276     61.6     732-885       879   204.98-205.26   205.25

 0 - 35% Choice    1,528     63.6     721-926       893   200.33-207.20   206.71

Total all grades   2,002     63.3     672-926       887   200.33-207.20   206.22

ALL STEERS & HEIFERS

Total all grades  18,941     64.3     672-1,001     865   193.11-249.62   222.13

MIXED STEER/HEIFER/COW

Over 80% Choice      436     64.7     807-897       869   209.51-231.15   220.98

65 - 80% Choice       89     63.2     784-784       784   218.10-218.10   218.10

35 - 65% Choice       86     63.2     771-771       771   213.80-213.80   213.80

 0 - 35% Choice                          -                      -

Total all grades     611     64.3     771-897       843   209.51-231.15   219.55

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,704     60.8     711-921       802   187.36-245.47   203.67

65 - 80% Choice    1,157     60.8     723-860       784   189.90-242.89   204.12

35 - 65% Choice    1,820     61.9     686-846       804   191.82-237.32   212.23

 0 - 35% Choice    2,535     60.8     743-922       845   195.00-207.85   198.71

Total all grades  10,216     61.0     686-922       811   187.36-245.47   204.01



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,867     63.4   1,200-1,543   1,363   128.55-165.63   154.93

65 - 80% Choice    4,803     63.4   1,356-1,522   1,454   134.70-160.22   157.87

35 - 65% Choice    3,936     63.6   1,162-1,517   1,401   134.70-160.22   155.18

 0 - 35% Choice       32     63.1   1,353-1,353   1,353   143.59-143.59   143.59

Total all grades  10,638     63.5   1,162-1,543   1,418   128.55-165.63   156.32

HEIFER

Over 80% Choice    1,668     63.8   1,057-1,335   1,256   131.25-160.22   152.86

65 - 80% Choice    1,554     63.9   1,224-1,337   1,288   128.94-160.22   155.52

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades   3,222     63.8   1,057-1,337   1,271   128.94-160.22   154.14

MIXED STEER/HEIFER

Over 80% Choice      655     64.1   1,230-1,348   1,275   130.42-164.62   146.07

65 - 80% Choice      113     63.2   1,251-1,251   1,251   128.94-128.94   128.94

35 - 65% Choice       34     63.6   1,363-1,363   1,363   132.05-132.05   132.05

 0 - 35% Choice                          -                      -

Total all grades     802     63.9   1,230-1,363   1,275   128.94-164.62   143.06

ALL STEERS & HEIFERS

Total all grades  14,662     63.6   1,057-1,543   1,378   128.55-165.63   155.11

MIXED STEER/HEIFER/COW

Over 80% Choice      180     64.3   1,262-1,262   1,262   134.15-134.15   134.15

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     180     64.3   1,262-1,262   1,262   134.15-134.15   134.15

DAIRYBRED STEER/HEIFER

Over 80% Choice      491     61.8   1,306-1,413   1,386   119.00-126.50   121.62

65 - 80% Choice      658     61.2   1,312-1,414   1,366   113.55-140.00   120.98

35 - 65% Choice      122     61.3   1,390-1,398   1,397   119.00-127.00   126.28

 0 - 35% Choice                          -                      -

Total all grades   1,271     61.5   1,306-1,414   1,377   113.55-140.00   121.73



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                57,396    53,875        830    244.93    247.05

KANSAS                  40,657    42,946        851    247.20    251.23

NEBRASKA                31,973    30,277        861    249.53    249.22

COLORADO                13,354    14,137        859    250.02    250.89

WESTERN CORNBELT         5,139     5,543        864    249.05    249.21

 TOTAL 5-AREA          147,941   146,289        846    247.12    249.15

N.CENTRAL/E.MT           4,315     3,418        802    253.72    251.59

WESTERN STATES          13,755    13,606        848    248.06    250.29

EASTERN CORNBELT           725       710        859    247.30    248.86

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                10,657     8,075      1,266    156.96    158.57

KANSAS                   9,166     9,989      1,352    157.07    158.16

NEBRASKA                 3,501     4,024      1,394    159.97    160.22

COLORADO                   402     1,572      1,238    161.50    157.56

WESTERN CORNBELT         1,129       939      1,367    162.04    161.24

 TOTAL 5-AREA           24,855    24,599      1,320    157.73    158.71

N.CENTRAL/E.MT             587       214      1,372    163.09    168.45

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,645     2,356        793    201.42    212.33

KANSAS                   4,926     2,633        841    230.44    231.46

NEBRASKA                 8,372     2,325        885    226.54    216.02

COLORADO                 2,870     2,886        898    207.69    217.19

WESTERN CORNBELT           209       988        781    205.72    212.38

 TOTAL 5-AREA           17,942    11,188        866    222.14    218.86

N.CENTRAL/E.MT                       126                         240.19

WESTERN STATES             801     1,299        882    225.61    227.34

EASTERN CORNBELT            43        72        672    205.25    206.89

NORTHEASTERN STATE          75       112        797    210.18    209.76



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                    55       773      1,475    149.15    151.61

KANSAS                   6,383     6,918      1,418    159.01    158.28

NEBRASKA                 5,798     4,991      1,381    156.02    155.31

COLORADO                             183                         124.81

WESTERN CORNBELT           998     1,782      1,350    137.16    133.18

 TOTAL 5-AREA           13,234    14,647      1,397    156.01    153.44

N.CENTRAL/E.MT             480       234      1,254    152.47    150.11

WESTERN STATES             836       372      1,160    144.14    146.00

EASTERN CORNBELT           112       165      1,295    142.13    128.00

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,143     2,602        794    241.66    243.73

KANSAS                     242       691        747    248.36    245.67

NEBRASKA                 2,445     5,856        852    246.53    246.44

COLORADO                    92        54        767    258.74    247.00

WESTERN CORNBELT           827     1,839        820    244.10    245.43

 TOTAL 5-AREA            5,707    10,733        820    244.63    245.48

N.CENTRAL/E.MT           1,530       924        811    248.24    247.37

WESTERN STATES

EASTERN CORNBELT         1,385     2,198        794    244.68    246.04

NORTHEASTERN STATE         763       884        785    245.13    246.27



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,304     1,437      1,232    152.18    154.03

KANSAS

NEBRASKA

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,304     1,437      1,232    152.18    154.03

N.CENTRAL/E.MT                        97                         153.17

WESTERN STATES

EASTERN CORNBELT

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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