Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Aug 18, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 08/17/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            191,635  32,655  224,290       216,371        276,250

Negotiated Grid Net:     16,538   2,804   19,342        17,069         25,248

Forward Contract Net:    34,421  14,729   49,150        43,570         28,137



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   20,644     64.2     710-1,031     894   246.52-296.06   259.05

65 - 80% Choice   27,334     64.5     702-1,037     907   246.34-265.24   254.76

35 - 65% Choice   33,921     64.7     698-1,030     888   241.52-260.01   252.87

 0 - 35% Choice   14,836     64.1     666-1,016     896   241.41-280.84   254.24

Total all grades  96,735     64.4     666-1,037     896   241.41-296.06   254.93

HEIFER

Over 80% Choice   12,631     64.3     638-901       809   247.65-296.30   258.78

65 - 80% Choice   20,418     64.5     651-892       788   241.07-265.80   255.27

35 - 65% Choice   19,665     64.6     639-922       786   238.14-259.47   253.92

 0 - 35% Choice    5,859     64.5     687-890       813   244.12-280.25   254.73

Total all grades  58,573     64.5     638-922       794   238.14-296.30   255.52

MIXED STEER/HEIFER

Over 80% Choice    4,361     63.1     665-942       814   246.46-284.54   261.37

65 - 80% Choice    2,166     63.4     679-911       819   241.18-260.45   256.59

35 - 65% Choice    1,251     63.2     620-882       795   237.28-258.86   251.72

 0 - 35% Choice    1,830     61.9     706-900       783   245.00-256.78   252.40

Total all grades   9,608     63.0     620-942       807   237.28-284.54   257.33

ALL STEERS & HEIFERS

Total all grades 164,916     64.4     620-1,037     855   237.28-296.30   255.28

MIXED STEER/HEIFER/COW

Over 80% Choice    1,432     63.9     732-880       827   250.39-261.37   254.86

65 - 80% Choice    3,292     63.8     615-891       771   246.19-258.63   253.40

35 - 65% Choice    3,823     63.1     598-961       823   237.56-256.62   250.39

 0 - 35% Choice    1,915     59.6     672-1,100     905   227.00-252.46   236.83

Total all grades  10,462     62.8     598-1,100     822   227.00-261.37   249.47

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,641     61.6     732-938       869   234.77-262.77   249.74

65 - 80% Choice    4,433     61.8     673-928       849   233.29-256.91   247.83

35 - 65% Choice    5,929     61.7     715-927       840   240.40-254.01   248.74

 0 - 35% Choice    1,254     61.6     786-906       847   240.80-251.37   246.52

Total all grades  16,257     61.7     673-938       851   233.29-262.77   248.61



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,552     63.1   1,151-1,584   1,346   159.04-185.19   169.66

65 - 80% Choice    4,370     63.4   1,195-1,532   1,410   159.04-166.50   163.52

35 - 65% Choice    9,159     63.3   1,050-1,513   1,342   156.67-165.60   160.76

 0 - 35% Choice      877     62.1   1,318-1,518   1,443   152.00-162.50   159.14

Total all grades  17,958     63.2   1,050-1,584   1,364   152.00-185.19   163.11

HEIFER

Over 80% Choice    2,197     62.8   1,084-1,352   1,231   159.85-185.13   169.54

65 - 80% Choice    1,685     63.9   1,156-1,460   1,248   156.00-165.00   162.05

35 - 65% Choice    5,720     63.2   1,047-1,421   1,196   152.00-164.50   161.31

 0 - 35% Choice    1,533     62.5   1,061-1,324   1,188   157.70-164.00   162.57

Total all grades  11,135     63.1   1,047-1,460   1,210   152.00-185.13   163.22

MIXED STEER/HEIFER

Over 80% Choice      534     63.2   1,160-1,495   1,285   155.00-178.88   166.18

65 - 80% Choice      144     62.0   1,382-1,382   1,382   177.90-177.90   177.90

35 - 65% Choice      605     62.9   1,175-1,501   1,310   159.50-166.00   162.24

 0 - 35% Choice       42     63.2   1,119-1,119   1,119   157.87-157.87   157.87

Total all grades   1,325     63.0   1,119-1,501   1,302   155.00-178.88   165.39

ALL STEERS & HEIFERS

Total all grades  30,418     63.2   1,047-1,584   1,305   152.00-185.19   163.25

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      864     61.5   1,285-1,455   1,376   150.37-162.85   155.22

65 - 80% Choice      474     62.4   1,406-1,414   1,411   150.24-153.05   152.21

35 - 65% Choice      529     60.5   1,320-1,482   1,386   149.00-154.00   152.61

 0 - 35% Choice      370     61.2   1,284-1,415   1,355   147.92-162.85   154.88

Total all grades   2,237     61.4   1,284-1,482   1,382   147.92-162.85   153.91



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,838     63.9     651-941       865   246.94-264.60   255.36

65 - 80% Choice      992     63.8     695-904       831   242.83-263.76   253.28

35 - 65% Choice    1,072     63.4     629-942       874   238.74-261.47   252.36

 0 - 35% Choice      279     63.8     834-948       886   240.80-253.00   251.61

Total all grades   4,181     63.7     629-948       861   238.74-264.60   253.85

HEIFER

Over 80% Choice      374     63.3     673-799       782   253.00-258.83   254.75

65 - 80% Choice    1,132     63.8     681-938       854   241.98-257.86   249.72

35 - 65% Choice      600     63.4     691-984       790   244.12-255.71   249.50

 0 - 35% Choice    1,030     63.1     720-936       807   235.82-252.00   250.09

Total all grades   3,136     63.4     673-984       818   235.82-258.83   250.40

MIXED STEER/HEIFER

Over 80% Choice    2,650     63.3     716-885       797   238.93-267.27   255.29

65 - 80% Choice      503     62.1     735-906       790   244.72-261.14   254.28

35 - 65% Choice    1,731     63.9     637-942       820   242.03-261.88   251.81

 0 - 35% Choice      359     63.9     763-852       804   246.75-254.00   251.52

Total all grades   5,243     63.4     637-942       804   238.93-267.27   253.78

ALL STEERS & HEIFERS

Total all grades  12,560     63.5     629-984       827   235.82-267.27   252.96

MIXED STEER/HEIFER/COW

Over 80% Choice       89     64.0     757-808       763   243.39-253.00   251.81

65 - 80% Choice      500     63.7     730-956       806   239.21-257.21   250.78

35 - 65% Choice      730     61.3     757-880       843   232.45-253.00   250.24

 0 - 35% Choice      492     59.4     717-948       852   223.21-251.33   239.85

Total all grades   1,811     61.6     717-956       831   223.21-257.21   247.64

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,158     60.6     690-943       856   228.66-255.34   248.05

65 - 80% Choice      436     59.9     656-902       829   226.00-252.37   243.46

35 - 65% Choice      446     60.4     643-909       776   232.56-244.09   238.80

 0 - 35% Choice      127     60.6     634-819       796   234.23-246.00   244.52

Total all grades   2,167     60.4     634-943       830   226.00-255.34   245.02



                        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      371     63.0   1,161-1,275   1,229   154.05-160.00   156.60

 0 - 35% Choice      331     64.4   1,157-1,396   1,268   158.00-162.00   159.96

Total all grades     702     63.7   1,157-1,396   1,247   154.05-162.00   158.18

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       29     64.0   1,216-1,216   1,216   162.00-162.00   162.00

35 - 65% Choice      176     63.1   1,154-1,248   1,173   158.17-162.00   160.39

 0 - 35% Choice                          -                      -

Total all grades     205     63.2   1,154-1,248   1,179   158.17-162.00   160.62

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       46     63.7   1,307-1,307   1,307   158.50-158.50   158.50

35 - 65% Choice      739     64.1   1,057-1,392   1,174   157.35-161.00   160.16

 0 - 35% Choice      604     63.2   1,111-1,417   1,273   156.34-160.48   159.43

Total all grades   1,389     63.7   1,057-1,417   1,222   156.34-161.00   159.79

ALL STEERS & HEIFERS

Total all grades   2,296     63.6   1,057-1,417   1,226   154.05-162.00   159.37

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       84     63.6   1,207-1,250   1,228   152.94-159.57   156.33

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      84     63.6   1,207-1,250   1,228   152.94-159.57   156.33

DAIRYBRED STEER/HEIFER

Over 80% Choice       25     59.1   1,452-1,452   1,452   154.00-154.00   154.00

65 - 80% Choice      141     62.0   1,314-1,318   1,315   149.56-155.94   154.31

35 - 65% Choice      258     62.0   1,262-1,382   1,285   155.64-156.18   156.08

 0 - 35% Choice                          -                      -

Total all grades     424     61.8   1,262-1,452   1,305   149.56-156.18   155.37



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,525     63.7     763-1,059     923   201.76-255.12   219.12

65 - 80% Choice    4,128     64.5     861-1,008     935   205.56-255.12   219.15

35 - 65% Choice    2,981     64.6     695-986       864   192.73-251.39   219.51

 0 - 35% Choice    1,854     63.5     744-936       884   196.25-249.23   216.62

Total all grades  12,488     64.2     695-1,059     907   192.73-255.12   218.85

HEIFER

Over 80% Choice    3,616     64.2     771-981       842   200.16-237.59   216.96

65 - 80% Choice    2,160     64.3     781-903       852   202.36-248.69   223.76

35 - 65% Choice    1,589     64.4     679-884       800   198.12-255.52   213.86

 0 - 35% Choice    1,022     63.6     689-895       779   201.34-253.91   226.86

Total all grades   8,387     64.2     679-981       829   198.12-255.52   219.33

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      224     63.9     904-904       904   206.65-206.65   206.65

 0 - 35% Choice    2,617     63.8     803-920       864   207.11-211.68   209.10

Total all grades   2,841     63.8     803-920       867   206.65-211.68   208.91

ALL STEERS & HEIFERS

Total all grades  23,716     64.1     679-1,059     875   192.73-255.52   217.83

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,441     61.3     692-925       807   192.67-253.69   201.71

65 - 80% Choice    1,080     61.1     733-905       818   189.02-228.97   202.21

35 - 65% Choice    1,372     60.8     654-871       800   186.61-250.68   212.79

 0 - 35% Choice    2,812     61.6     768-919       874   198.78-242.82   217.86

Total all grades  10,705     61.3     654-925       825   186.61-253.69   207.42



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,444     63.7   1,199-1,531   1,399   128.50-171.00   152.04

65 - 80% Choice    1,614     63.9   1,426-1,519   1,460   135.19-164.15   159.24

35 - 65% Choice    3,685     63.8   1,131-1,552   1,398   129.96-164.15   157.07

 0 - 35% Choice      222     64.1   1,346-1,361   1,355   142.37-151.25   148.37

Total all grades   8,965     63.8   1,131-1,552   1,408   128.50-171.00   155.31

HEIFER

Over 80% Choice    1,476     64.0   1,155-1,321   1,232   129.96-167.99   152.35

65 - 80% Choice      864     64.8   1,251-1,301   1,263   129.96-164.15   152.55

35 - 65% Choice      829     64.4   1,098-1,314   1,200   122.03-164.90   148.52

 0 - 35% Choice                          -                      -

Total all grades   3,169     64.3   1,098-1,321   1,232   122.03-167.99   151.40

MIXED STEER/HEIFER

Over 80% Choice      688     63.3   1,196-1,328   1,286   128.67-165.13   146.52

65 - 80% Choice      111     63.2   1,202-1,202   1,202   142.70-142.70   142.70

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     799     63.3   1,196-1,328   1,274   128.67-165.13   145.99

ALL STEERS & HEIFERS

Total all grades  12,933     63.9   1,098-1,552   1,357   122.03-171.00   153.78

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      851     64.6   1,226-1,346   1,286   122.26-133.61   128.48

35 - 65% Choice       17     63.2   1,201-1,201   1,201   122.42-122.42   122.42

 0 - 35% Choice                          -                      -

Total all grades     868     64.6   1,201-1,346   1,284   122.26-133.61   128.36

DAIRYBRED STEER/HEIFER

Over 80% Choice      395     60.7   1,337-1,438   1,358   117.50-147.01   127.32

65 - 80% Choice      498     61.0   1,358-1,437   1,393   121.18-148.21   123.03

35 - 65% Choice       35     59.9   1,443-1,443   1,443   118.50-118.50   118.50

 0 - 35% Choice                          -                      -

Total all grades     928     60.8   1,337-1,443   1,380   117.50-148.21   124.68



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                59,904    51,872        841    252.64    255.79

KANSAS                  38,000    40,991        843    257.28    259.40

NEBRASKA                25,704    27,026        890    257.07    260.12

COLORADO                17,127    15,161        859    256.03    258.91

WESTERN CORNBELT         7,617     7,562        913    254.81    257.76

 TOTAL 5-AREA          147,882   141,792        856    255.08    258.05

N.CENTRAL/E.MT           3,367     3,792        848    256.71    260.99

WESTERN STATES          12,066    12,244        841    257.42    259.11

EASTERN CORNBELT           915       948        881    252.07    256.34

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                12,750    13,119      1,261    162.25    164.72

KANSAS                   9,696    11,360      1,316    162.40    164.52

NEBRASKA                 5,548     3,027      1,368    165.89    168.58

COLORADO                   945     1,664      1,324    168.06    165.79

WESTERN CORNBELT         1,194       879      1,387    163.50    168.57

 TOTAL 5-AREA           30,133    30,049      1,305    163.20    165.21

N.CENTRAL/E.MT             285       203      1,285    168.37    178.88

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,270     3,992        803    226.78    234.24

KANSAS                   4,067       899        905    218.29    219.03

NEBRASKA                10,001     9,360        875    216.75    215.43

COLORADO                 2,452     2,066        897    213.23    212.08

WESTERN CORNBELT           705       174        906    212.30    212.45

 TOTAL 5-AREA           20,495    16,491        873    218.08    219.73

N.CENTRAL/E.MT           2,019     1,372        886    212.70    216.71

WESTERN STATES           1,058       717        891    223.36    218.16

EASTERN CORNBELT

NORTHEASTERN STATE         144       301        818    212.96    205.11



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   418     3,176      1,347    143.41    142.45

KANSAS                   6,124     5,652      1,403    162.82    162.81

NEBRASKA                 3,149     1,476      1,303    146.17    145.85

COLORADO                   361                1,300    156.86

WESTERN CORNBELT         1,660     2,206      1,368    140.61    134.37

 TOTAL 5-AREA           11,712    12,384      1,366    154.32    150.77

N.CENTRAL/E.MT             479       428      1,330    154.32    146.93

WESTERN STATES             451       565      1,131    141.17    141.85

EASTERN CORNBELT           291        98      1,383    150.75    144.54

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,360     3,245        810    252.29    253.49

KANSAS                     729       357        773    252.30    248.44

NEBRASKA                 2,563     1,800        900    250.81    256.53

COLORADO                   429        11        782    253.29    252.75

WESTERN CORNBELT         2,072     1,470        822    256.75    251.64

 TOTAL 5-AREA            7,909     6,843        838    252.74    253.64

N.CENTRAL/E.MT           1,408       463        813    253.52    257.40

WESTERN STATES

EASTERN CORNBELT         2,333     1,470        814    252.02    254.13

NORTHEASTERN STATE         645       534        782    254.27    252.93



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,222     2,302      1,227    159.51    159.95

KANSAS                      74                1,199    155.27

NEBRASKA                              70                         163.11

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,296     2,372      1,226    159.37    160.05

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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