Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Aug 4, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 08/03/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            184,558  30,570  215,128       216,699        298,044

Negotiated Grid Net:     13,181   3,590   16,771        16,817         25,418

Forward Contract Net:    26,946  15,663   42,609        45,881         22,541



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   18,024     64.0     678-1,011     884   241.18-286.88   255.05

65 - 80% Choice   28,979     64.3     718-1,016     890   240.54-286.92   251.80

35 - 65% Choice   29,335     64.6     683-966       874   225.85-263.98   250.82

 0 - 35% Choice   23,411     64.0     681-1,000     892   234.95-271.68   257.12

Total all grades  99,749     64.3     678-1,016     885   225.85-286.92   253.35

HEIFER

Over 80% Choice   13,286     64.1     681-906       803   241.32-287.61   253.47

65 - 80% Choice   15,345     64.4     665-894       790   234.21-264.79   250.20

35 - 65% Choice   15,698     64.5     643-906       768   236.10-263.68   249.44

 0 - 35% Choice    5,821     64.1     625-872       796   245.76-271.19   257.11

Total all grades  50,150     64.3     625-906       787   234.21-287.61   251.63

MIXED STEER/HEIFER

Over 80% Choice    5,532     63.5     701-1,007     818   242.07-286.88   259.49

65 - 80% Choice    2,494     63.8     649-938       837   227.85-263.07   251.90

35 - 65% Choice    2,238     63.3     653-900       778   227.31-263.95   247.84

 0 - 35% Choice    2,088     62.7     663-901       788   243.60-264.28   254.82

Total all grades  12,352     63.4     649-1,007     810   227.31-286.88   255.06

ALL STEERS & HEIFERS

Total all grades 162,251     64.2     625-1,016     849   225.85-287.61   252.95

MIXED STEER/HEIFER/COW

Over 80% Choice    1,976     63.8     744-982       828   235.86-263.86   254.07

65 - 80% Choice    1,190     62.9     693-915       785   241.07-262.18   250.56

35 - 65% Choice    3,137     63.1     645-995       812   225.18-256.27   239.95

 0 - 35% Choice    1,604     58.8     593-1,050     842   212.10-236.96   224.20

Total all grades   7,907     62.4     593-1,050     818   212.10-263.86   241.88

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,600     61.8     750-949       881   228.01-257.21   248.02

65 - 80% Choice    6,311     61.5     691-913       838   233.02-258.30   246.31

35 - 65% Choice    2,303     61.7     734-906       850   236.82-257.22   248.03

 0 - 35% Choice    1,186     60.4     767-898       831   240.06-255.00   249.86

Total all grades  14,400     61.6     691-949       853   228.01-258.30   247.42



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,316     63.2   1,168-1,548   1,373   152.28-189.31   169.52

65 - 80% Choice    4,638     63.6   1,225-1,551   1,417   156.00-183.99   161.18

35 - 65% Choice   11,123     63.6   1,027-1,609   1,312   151.83-166.70   161.11

 0 - 35% Choice      935     63.7   1,153-1,524   1,344   151.96-166.00   157.78

Total all grades  20,012     63.5   1,027-1,609   1,348   151.83-189.31   162.37

HEIFER

Over 80% Choice    1,362     63.5   1,187-1,305   1,247   156.00-184.29   171.50

65 - 80% Choice    2,526     63.8   1,140-1,325   1,249   156.00-167.00   160.28

35 - 65% Choice    3,005     63.5   1,019-1,421   1,205   152.84-166.50   160.93

 0 - 35% Choice      121     62.8   1,308-1,308   1,308   166.50-166.50   166.50

Total all grades   7,014     63.6   1,019-1,421   1,231   152.84-184.29   162.85

MIXED STEER/HEIFER

Over 80% Choice      165     63.0   1,229-1,260   1,238   165.00-183.25   170.20

65 - 80% Choice      681     63.0   1,144-1,432   1,261   162.19-173.69   165.05

35 - 65% Choice      447     62.6   1,129-1,391   1,263   152.90-173.88   160.74

 0 - 35% Choice      369     63.8   1,178-1,345   1,315   159.22-166.00   164.77

Total all grades   1,662     63.1   1,129-1,432   1,271   152.90-183.25   164.34

ALL STEERS & HEIFERS

Total all grades  28,688     63.5   1,019-1,609   1,315   151.83-189.31   162.60

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      222     64.8   1,262-1,262   1,262   167.00-167.00   167.00

 0 - 35% Choice       25     59.9   1,574-1,574   1,574   149.00-149.00   149.00

Total all grades     247     64.3   1,262-1,574   1,294   149.00-167.00   165.18

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,028     61.1   1,245-1,489   1,399   144.44-157.51   151.99

65 - 80% Choice       57     60.3   1,375-1,375   1,375   146.00-146.00   146.00

35 - 65% Choice      388     60.9   1,199-1,400   1,341   145.00-156.31   151.87

 0 - 35% Choice      162     60.2   1,390-1,410   1,402   154.07-154.07   154.07

Total all grades   1,635     61.0   1,199-1,489   1,385   144.44-157.51   151.96



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,533     63.4     733-983       865   227.92-260.31   248.63

65 - 80% Choice      865     64.6     687-916       787   239.88-255.81   244.57

35 - 65% Choice    1,171     63.6     697-955       827   236.00-253.30   244.60

 0 - 35% Choice      317     64.9     770-865       844   240.48-257.00   243.76

Total all grades   3,886     63.9     687-983       835   227.92-260.31   246.11

HEIFER

Over 80% Choice      233     63.8     691-798       788   248.33-260.89   250.02

65 - 80% Choice      132     62.9     710-846       792   240.98-257.05   246.43

35 - 65% Choice      290     64.3     719-824       775   237.75-245.20   241.85

 0 - 35% Choice      422     62.7     747-932       829   226.93-257.00   239.00

Total all grades   1,077     63.4     691-932       801   226.93-260.89   243.06

MIXED STEER/HEIFER

Over 80% Choice    1,611     63.6     664-895       797   240.61-265.62   252.18

65 - 80% Choice      834     62.6     672-925       807   241.64-259.01   247.01

35 - 65% Choice      835     63.1     677-852       771   232.30-258.46   245.06

 0 - 35% Choice      635     63.7     653-867       796   227.15-257.00   244.15

Total all grades   3,915     63.3     653-925       793   227.15-265.62   248.26

ALL STEERS & HEIFERS

Total all grades   8,878     63.6     653-983       812   226.93-265.62   246.69

MIXED STEER/HEIFER/COW

Over 80% Choice       58     63.0     744-799       780   241.40-247.36   245.30

65 - 80% Choice      666     63.4     667-915       818   218.23-253.00   242.30

35 - 65% Choice      766     61.6     689-1,011     819   216.67-250.10   231.80

 0 - 35% Choice      277     59.6     784-1,039     864   220.38-238.56   230.10

Total all grades   1,767     62.0     667-1,039     824   216.67-253.00   235.93

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,339     60.1     741-958       843   235.82-251.73   243.63

65 - 80% Choice      711     58.7     672-903       804   228.62-254.13   240.01

35 - 65% Choice      312     60.8     683-926       821   227.18-248.19   236.26

 0 - 35% Choice      174     58.6     686-699       693   226.61-236.87   232.15

Total all grades   2,536     59.7     672-958       819   226.61-254.13   240.92



                        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       80     64.0   1,239-1,244   1,242   151.19-153.00   152.07

35 - 65% Choice      237     63.5   1,090-1,320   1,197   148.96-151.35   150.13

 0 - 35% Choice       75     64.4   1,217-1,322   1,270   150.12-160.00   155.13

Total all grades     392     63.8   1,090-1,322   1,220   148.96-160.00   151.48

HEIFER

Over 80% Choice       84     62.6   1,210-1,210   1,210   154.21-154.21   154.21

65 - 80% Choice       25     65.6   1,025-1,025   1,025   155.00-155.00   155.00

35 - 65% Choice      249     63.4   1,028-1,389   1,164   152.96-154.00   153.71

 0 - 35% Choice       72     63.8   1,385-1,385   1,385   152.90-152.90   152.90

Total all grades     430     63.4   1,025-1,389   1,202   152.90-155.00   153.75

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      892     64.3     995-1,367   1,182   151.37-162.00   153.21

 0 - 35% Choice    1,025     63.5   1,147-1,500   1,269   149.44-160.00   152.42

Total all grades   1,917     63.9     995-1,500   1,228   149.44-162.00   152.78

ALL STEERS & HEIFERS

Total all grades   2,739     63.8     995-1,500   1,223   148.96-162.00   152.75

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       40     64.6   1,269-1,269   1,269   156.06-156.06   156.06

35 - 65% Choice       77     61.7   1,328-1,328   1,328   156.00-156.00   156.00

 0 - 35% Choice       40     64.7   1,257-1,257   1,257   149.18-149.18   149.18

Total all grades     157     63.2   1,257-1,328   1,295   149.18-156.06   154.28

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      420     61.8   1,246-1,372   1,321   145.00-146.78   145.96

35 - 65% Choice      248     61.3   1,285-1,441   1,345   142.95-145.99   145.24

 0 - 35% Choice       26     63.5   1,167-1,242   1,205   153.00-153.00   153.00

Total all grades     694     61.7   1,167-1,441   1,325   142.95-153.00   145.97



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,165     63.7     671-1,009     916   203.39-247.09   230.63

65 - 80% Choice    4,180     63.8     784-966       909   202.49-256.06   227.64

35 - 65% Choice    1,169     64.3     754-950       866   207.87-250.55   232.18

 0 - 35% Choice      390     64.4     835-936       885   207.42-236.22   217.47

Total all grades   9,904     63.8     671-1,009     906   202.49-256.06   229.03

HEIFER

Over 80% Choice    1,367     64.2     733-874       814   199.61-232.83   213.84

65 - 80% Choice    2,444     64.7     722-917       833   203.26-243.01   225.31

35 - 65% Choice    2,315     64.6     709-862       801   192.89-248.98   228.87

 0 - 35% Choice      130     62.8     703-703       703   207.81-207.81   207.81

Total all grades   6,256     64.5     703-917       814   192.89-248.98   223.76

MIXED STEER/HEIFER

 No Reportable Trade.

ALL STEERS & HEIFERS

Total all grades  16,160     64.1     671-1,009     870   192.89-256.06   226.99

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      477     63.3     769-815       798   199.73-229.05   210.49

 0 - 35% Choice                          -                      -

Total all grades     477     63.3     769-815       798   199.73-229.05   210.49

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,082     61.1     712-920       794   193.20-255.07   205.49

65 - 80% Choice    1,825     60.3     676-906       795   185.51-254.09   205.65

35 - 65% Choice    1,911     60.8     675-863       781   185.29-251.90   205.38

 0 - 35% Choice    2,491     60.9     636-900       832   189.36-253.16   199.90

Total all grades  10,309     60.8     636-920       801   185.29-255.07   204.15



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,174     63.7   1,205-1,534   1,404   129.50-164.50   146.76

65 - 80% Choice    3,758     63.5   1,326-1,531   1,452   125.90-162.60   143.34

35 - 65% Choice    4,153     64.0   1,145-1,539   1,358   125.20-157.10   147.74

 0 - 35% Choice      145     62.9   1,280-1,296   1,295   130.07-164.02   160.98

Total all grades  10,230     63.7   1,145-1,539   1,401   125.20-164.50   146.10

HEIFER

Over 80% Choice      493     63.8   1,141-1,233   1,191   134.60-164.35   151.89

65 - 80% Choice    1,651     63.6   1,133-1,347   1,233   121.63-162.35   147.71

35 - 65% Choice      291     63.6   1,225-1,272   1,259   153.47-157.10   156.13

 0 - 35% Choice                          -                      -

Total all grades   2,435     63.7   1,133-1,347   1,228   121.63-164.35   149.56

MIXED STEER/HEIFER

Over 80% Choice      550     63.4   1,077-1,304   1,264   142.66-156.66   145.23

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice      245     64.4   1,231-1,311   1,299   128.57-132.67   129.19

Total all grades     795     63.7   1,077-1,311   1,275   128.57-156.66   140.29

ALL STEERS & HEIFERS

Total all grades  13,460     63.7   1,077-1,539   1,363   121.63-164.50   146.38

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       85     65.0   1,220-1,220   1,220   128.57-128.57   128.57

35 - 65% Choice      200     63.8   1,271-1,327   1,317   130.07-130.10   130.07

 0 - 35% Choice                          -                      -

Total all grades     285     64.2   1,220-1,327   1,288   128.57-130.10   129.63

DAIRYBRED STEER/HEIFER

Over 80% Choice      797     61.5   1,300-1,468   1,376   116.06-129.95   122.70

65 - 80% Choice      681     61.0   1,246-1,443   1,375   113.55-137.50   121.76

35 - 65% Choice      304     60.7   1,339-1,432   1,417   118.00-126.00   124.86

 0 - 35% Choice      136     59.9   1,346-1,346   1,346   119.00-119.00   119.00

Total all grades   1,918     61.1   1,246-1,468   1,380   113.55-137.50   122.44



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                48,721    57,396        831    250.31    244.93

KANSAS                  38,193    40,657        845    250.39    247.20

NEBRASKA                34,890    31,973        868    257.01    249.53

COLORADO                14,070    13,354        877    256.02    250.02

WESTERN CORNBELT         5,861     5,139        854    253.34    249.05

 TOTAL 5-AREA          140,921   147,941        850    252.67    247.12

N.CENTRAL/E.MT           4,662     4,315        827    258.68    253.72

WESTERN STATES          15,221    13,755        850    253.76    248.06

EASTERN CORNBELT           551       725        888    253.96    247.30

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                10,263    10,657      1,243    161.04    156.96

KANSAS                  11,387     9,166      1,329    161.90    157.07

NEBRASKA                 4,040     3,501      1,395    165.92    159.97

COLORADO                 1,198       402      1,317    164.66    161.50

WESTERN CORNBELT           920     1,129      1,437    168.67    162.04

 TOTAL 5-AREA           27,808    24,855      1,310    162.51    157.73

N.CENTRAL/E.MT             880       587      1,473    165.49    163.09

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,481     1,645        797    219.15    201.42

KANSAS                   2,757     4,926        835    237.86    230.44

NEBRASKA                 6,631     8,372        902    232.43    226.54

COLORADO                 2,634     2,870        878    213.73    207.69

WESTERN CORNBELT           569       209        795    206.91    205.72

 TOTAL 5-AREA           14,072    17,942        869    227.56    222.14

N.CENTRAL/E.MT             271                  894    225.05

WESTERN STATES           1,658       801        889    223.14    225.61

EASTERN CORNBELT                      43                         205.25

NORTHEASTERN STATE         159        75        766    219.64    210.18



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,322        55      1,311    139.90    149.15

KANSAS                   4,861     6,383      1,405    156.07    159.01

NEBRASKA                 1,771     5,798      1,317    148.06    156.02

COLORADO

WESTERN CORNBELT         1,946       998      1,450    132.93    137.16

 TOTAL 5-AREA           11,900    13,234      1,373    146.58    156.01

N.CENTRAL/E.MT             728       480      1,370    150.03    152.47

WESTERN STATES             526       836      1,145    146.00    144.14

EASTERN CORNBELT           306       112      1,310    130.64    142.13

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,544     2,143        789    240.77    241.66

KANSAS                     227       242        719    242.24    248.36

NEBRASKA                 1,397     2,445        856    249.51    246.53

COLORADO                    26        92        852    241.70    258.74

WESTERN CORNBELT         2,288       827        833    247.99    244.10

 TOTAL 5-AREA            6,359     5,707        818    245.17    244.63

N.CENTRAL/E.MT             252     1,530        807    253.21    248.24

WESTERN STATES              79                  730    253.30

EASTERN CORNBELT         1,202     1,385        811    249.95    244.68

NORTHEASTERN STATE         863       763        789    250.37    245.13



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,739     2,304      1,223    152.75    152.18

KANSAS

NEBRASKA

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,739     2,304      1,223    152.75    152.18

N.CENTRAL/E.MT

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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