Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Aug 25, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 08/24/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            188,010  29,226  217,236       224,290        279,222

Negotiated Grid Net:     13,959   4,119   18,078        19,342         29,549

Forward Contract Net:    36,134  16,545   52,679        49,150         22,218



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   19,727     64.0     661-1,050     900   235.70-292.22   253.45

65 - 80% Choice   27,199     64.4     740-999       908   233.36-260.81   248.85

35 - 65% Choice   32,869     64.4     735-1,022     888   235.09-261.29   246.28

 0 - 35% Choice   19,706     63.8     704-1,019     905   231.78-276.66   246.71

Total all grades  99,501     64.2     661-1,050     899   231.78-292.22   248.49

HEIFER

Over 80% Choice   14,491     64.0     664-925       806   238.44-290.76   253.70

65 - 80% Choice   16,258     64.5     679-898       795   238.22-262.15   250.60

35 - 65% Choice   15,526     64.5     641-959       785   230.63-261.58   248.61

 0 - 35% Choice    7,276     64.5     664-916       820   241.94-276.35   247.75

Total all grades  53,551     64.4     641-959       798   230.63-290.76   250.48

MIXED STEER/HEIFER

Over 80% Choice    4,550     63.3     600-948       825   238.92-277.68   256.28

65 - 80% Choice    2,831     63.6     696-938       824   230.66-266.26   250.75

35 - 65% Choice    1,847     63.3     664-917       805   230.56-256.17   245.23

 0 - 35% Choice    1,736     62.3     694-883       777   235.30-252.00   245.74

Total all grades  10,964     63.2     600-948       814   230.56-277.68   251.32

ALL STEERS & HEIFERS

Total all grades 164,016     64.2     600-1,050     860   230.56-292.22   249.33

MIXED STEER/HEIFER/COW

Over 80% Choice    2,023     63.6     511-929       791   220.51-259.02   247.85

65 - 80% Choice    1,550     63.4     605-895       827   240.60-254.48   247.63

35 - 65% Choice    3,256     62.2     643-960       817   234.61-254.27   244.32

 0 - 35% Choice    2,185     59.4     743-1,040     912   216.16-252.44   229.60

Total all grades   9,014     62.1     511-1,040     836   216.16-259.02   242.11

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,024     61.6     711-923       863   235.47-252.10   243.91

65 - 80% Choice    4,524     61.5     630-937       853   230.66-250.61   242.58

35 - 65% Choice    5,134     61.5     655-910       836   233.53-273.11   243.27

 0 - 35% Choice    1,298     60.9     660-886       808   235.35-257.66   242.48

Total all grades  14,980     61.5     630-937       846   230.66-273.11   243.17



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,471     63.4   1,112-1,529   1,378   154.77-179.74   163.60

65 - 80% Choice    4,941     63.0   1,152-1,518   1,430   154.95-166.00   158.64

35 - 65% Choice    8,080     63.1     990-1,539   1,336   151.47-164.00   156.13

 0 - 35% Choice      797     63.4   1,252-1,433   1,334   152.26-156.00   154.16

Total all grades  18,289     63.1     990-1,539   1,371   151.47-179.74   158.55

HEIFER

Over 80% Choice      643     63.0   1,064-1,376   1,273   159.00-177.72   165.69

65 - 80% Choice    1,001     63.1   1,154-1,431   1,263   155.00-161.50   157.33

35 - 65% Choice    3,528     63.1     943-1,359   1,217   151.88-161.50   157.48

 0 - 35% Choice    1,024     63.4   1,143-1,370   1,248   151.94-161.50   158.03

Total all grades   6,196     63.2     943-1,431   1,235   151.88-177.72   158.40

MIXED STEER/HEIFER

Over 80% Choice      482     60.7   1,175-1,271   1,237   156.00-174.46   164.70

65 - 80% Choice      288     63.0   1,173-1,345   1,263   154.92-174.50   165.49

35 - 65% Choice      848     62.0   1,020-1,388   1,250   151.57-163.00   158.07

 0 - 35% Choice      410     63.6   1,350-1,455   1,388   157.00-160.50   159.25

Total all grades   2,028     62.1   1,020-1,455   1,277   151.57-174.50   160.94

ALL STEERS & HEIFERS

Total all grades  26,513     63.1     943-1,539   1,332   151.47-179.74   158.70

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice       60     61.7   1,315-1,315   1,315   155.00-155.00   155.00

Total all grades      60     61.7   1,315-1,315   1,315   155.00-155.00   155.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      788     61.4   1,233-1,538   1,375   144.98-154.93   151.84

65 - 80% Choice      882     62.1   1,249-1,465   1,353   147.28-159.70   155.86

35 - 65% Choice      933     61.4   1,244-1,468   1,359   142.74-155.95   150.03

 0 - 35% Choice       50     63.7   1,217-1,217   1,217   155.84-155.84   155.84

Total all grades   2,653     61.7   1,217-1,538   1,359   142.74-159.70   152.62



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,345     63.4     714-956       836   240.07-269.75   257.49

65 - 80% Choice    1,957     64.6     743-957       854   244.50-263.14   249.80

35 - 65% Choice      822     64.1     766-952       805   239.41-255.66   245.58

 0 - 35% Choice      365     64.3     760-861       824   244.89-249.90   246.17

Total all grades   4,489     64.1     714-957       837   239.41-269.75   251.03

HEIFER

Over 80% Choice      419     63.1     727-847       788   248.08-261.90   251.49

65 - 80% Choice      639     63.5     704-835       742   245.00-257.86   249.31

35 - 65% Choice      625     63.6     787-918       812   235.75-261.02   253.11

 0 - 35% Choice      229     63.6     797-944       849   236.24-244.00   241.27

Total all grades   1,912     63.4     704-944       788   235.75-261.90   250.07

MIXED STEER/HEIFER

Over 80% Choice    1,513     63.2     632-919       790   236.70-264.24   249.20

65 - 80% Choice      541     62.8     728-924       807   237.82-255.79   246.73

35 - 65% Choice      836     63.1     758-968       842   228.25-254.41   244.47

 0 - 35% Choice      715     63.7     670-861       755   238.14-251.00   246.16

Total all grades   3,605     63.2     632-968       797   228.25-264.24   247.13

ALL STEERS & HEIFERS

Total all grades  10,006     63.7     632-968       813   228.25-269.75   249.44

MIXED STEER/HEIFER/COW

Over 80% Choice      118     65.1     758-841       818   251.00-253.00   251.56

65 - 80% Choice      429     64.3     706-854       773   241.51-252.68   246.14

35 - 65% Choice    1,134     61.9     694-945       837   236.32-253.42   245.59

 0 - 35% Choice      232     60.2     820-912       851   224.24-242.99   237.36

Total all grades   1,913     62.4     694-945       823   224.24-253.42   245.08

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,193     60.2     767-1,019     857   234.66-251.93   244.57

65 - 80% Choice      630     59.4     718-955       821   232.55-248.00   241.29

35 - 65% Choice      181     59.2     783-804       797   230.87-244.53   237.66

 0 - 35% Choice       36     60.5     778-778       778   240.80-240.80   240.80

Total all grades   2,040     59.9     718-1,019     839   230.87-251.93   242.88



                        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      188     63.4   1,020-1,279   1,125   151.57-158.00   156.54

 0 - 35% Choice      495     64.0   1,110-1,396   1,234   151.00-160.85   157.35

Total all grades     683     63.8   1,020-1,396   1,204   151.00-160.85   157.13

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      126     63.4   1,357-1,357   1,357   163.52-163.52   163.52

35 - 65% Choice      181     63.9   1,102-1,209   1,158   157.97-160.00   158.93

 0 - 35% Choice      131     64.4   1,214-1,214   1,214   159.31-159.31   159.31

Total all grades     438     63.9   1,102-1,357   1,232   157.97-163.52   160.37

MIXED STEER/HEIFER

Over 80% Choice       30     62.9   1,178-1,178   1,178   158.00-158.00   158.00

65 - 80% Choice       47     63.2   1,152-1,193   1,165   159.00-160.00   159.68

35 - 65% Choice    1,252     63.3   1,047-1,557   1,181   151.95-160.00   157.61

 0 - 35% Choice    1,003     63.3     926-1,362   1,190   149.06-162.00   156.68

Total all grades   2,332     63.3     926-1,557   1,185   149.06-162.00   157.26

ALL STEERS & HEIFERS

Total all grades   3,453     63.5     926-1,557   1,194   149.06-163.52   157.63

MIXED STEER/HEIFER/COW

Over 80% Choice       85     63.1   1,205-1,205   1,205   159.00-159.00   159.00

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      85     63.1   1,205-1,205   1,205   159.00-159.00   159.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      182     61.4   1,307-1,431   1,399   151.00-151.39   151.29

65 - 80% Choice      329     62.1   1,278-1,398   1,362   145.93-148.43   147.01

35 - 65% Choice       70     61.0   1,308-1,308   1,308   148.80-148.80   148.80

 0 - 35% Choice                          -                      -

Total all grades     581     61.8   1,278-1,431   1,367   145.93-151.39   148.57



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,519     64.3     743-1,016     935   200.93-245.04   215.60

65 - 80% Choice    5,816     64.4     850-1,014     935   202.55-242.00   215.79

35 - 65% Choice    2,240     64.7     735-983       891   193.94-248.57   218.60

 0 - 35% Choice      758     63.4     542-894       814   202.34-242.61   220.45

Total all grades  14,333     64.4     542-1,016     921   193.94-248.57   216.40

HEIFER

Over 80% Choice    2,335     64.1     758-910       829   200.16-249.43   220.31

65 - 80% Choice    5,109     64.2     745-891       821   198.69-247.32   213.30

35 - 65% Choice      491     63.9     658-875       744   195.91-255.97   217.72

 0 - 35% Choice                          -                      -

Total all grades   7,935     64.2     658-910       819   195.91-255.97   215.64

MIXED STEER/HEIFER

Over 80% Choice      122     63.4     741-824       775   218.50-247.20   221.82

65 - 80% Choice      599     63.9     734-819       797   197.04-216.42   210.40

35 - 65% Choice      123     63.1     839-839       839   213.58-213.58   213.58

 0 - 35% Choice    1,446     64.1     816-819       817   208.46-211.69   208.55

Total all grades   2,290     64.0     734-839       811   197.04-247.20   210.01

ALL STEERS & HEIFERS

Total all grades  24,558     64.3     542-1,016     878   193.94-255.97   215.56

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      508     63.0     699-813       736   218.10-244.25   236.85

 0 - 35% Choice                          -                      -

Total all grades     508     63.0     699-813       736   218.10-244.25   236.85

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,469     61.0     725-955       811   186.00-251.77   208.29

65 - 80% Choice    1,782     61.4     735-922       836   186.29-248.56   208.05

35 - 65% Choice    2,686     61.2     661-878       795   187.70-248.91   210.81

 0 - 35% Choice    2,131     61.4     706-924       858   198.78-242.82   207.05

Total all grades  11,068     61.2     661-955       820   186.00-251.77   208.62



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,277     63.8   1,227-1,515   1,410   129.05-173.38   151.87

65 - 80% Choice    2,618     63.8   1,328-1,539   1,466   126.32-162.63   145.03

35 - 65% Choice    3,153     63.8   1,151-1,552   1,389   133.17-164.15   154.61

 0 - 35% Choice                          -                      -

Total all grades   9,048     63.8   1,151-1,552   1,419   126.32-173.38   150.84

HEIFER

Over 80% Choice    1,157     64.0   1,209-1,401   1,258   136.09-157.99   151.57

65 - 80% Choice    2,167     64.1   1,166-1,348   1,270   122.26-155.80   135.60

35 - 65% Choice    1,667     63.6   1,114-1,368   1,298   122.26-164.15   157.12

 0 - 35% Choice                          -                      -

Total all grades   4,991     63.9   1,114-1,401   1,277   122.26-164.15   146.49

MIXED STEER/HEIFER

Over 80% Choice      163     63.5   1,122-1,403   1,247   129.53-167.99   149.27

65 - 80% Choice      191     63.7   1,089-1,245   1,145   128.70-146.00   136.42

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     354     63.6   1,089-1,403   1,192   128.70-167.99   142.33

ALL STEERS & HEIFERS

Total all grades  14,393     63.8   1,089-1,552   1,364   122.26-173.38   149.13

MIXED STEER/HEIFER/COW

Over 80% Choice      112     64.6   1,309-1,309   1,309   129.96-129.96   129.96

65 - 80% Choice      258     63.3   1,271-1,271   1,271   130.46-130.46   130.46

35 - 65% Choice                          -                      -

 0 - 35% Choice       80     64.2   1,288-1,288   1,288   156.92-156.92   156.92

Total all grades     450     63.8   1,271-1,309   1,283   129.96-156.92   135.04

DAIRYBRED STEER/HEIFER

Over 80% Choice      366     60.8   1,364-1,424   1,387   118.87-132.00   127.16

65 - 80% Choice      706     61.2   1,314-1,560   1,383   117.00-148.92   123.84

35 - 65% Choice      528     61.7   1,358-1,427   1,378   116.50-139.30   123.46

 0 - 35% Choice      102     61.4   1,347-1,347   1,347   148.85-148.85   148.85

Total all grades   1,702     61.3   1,314-1,560   1,380   116.50-148.92   125.94



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REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                54,385    59,904        845    246.59    252.64

KANSAS                  36,395    38,000        844    252.07    257.28

NEBRASKA                30,395    25,704        886    250.67    257.07

COLORADO                15,064    17,127        885    250.16    256.03

WESTERN CORNBELT         8,148     7,617        918    248.46    254.81

 TOTAL 5-AREA          143,957   147,882        862    249.29    255.08

N.CENTRAL/E.MT           4,099     3,367        832    253.49    256.71

WESTERN STATES          14,044    12,066        854    248.67    257.42

EASTERN CORNBELT         1,486       915        875    245.96    252.07

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                10,743    12,750      1,273    157.88    162.25

KANSAS                  10,012     9,696      1,362    158.28    162.40

NEBRASKA                 3,636     5,548      1,401    161.98    165.89

COLORADO                   451       945      1,363    161.11    168.06

WESTERN CORNBELT         1,306     1,194      1,406    158.65    163.50

 TOTAL 5-AREA           26,148    30,133      1,333    158.70    163.20

N.CENTRAL/E.MT             365       285      1,269    158.91    168.37

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,761     3,270        830    224.48    226.78

KANSAS                   2,942     4,067        890    221.58    218.29

NEBRASKA                 8,669    10,001        894    215.06    216.75

COLORADO                 3,728     2,452        868    210.50    213.23

WESTERN CORNBELT         3,295       705        918    210.66    212.30

 TOTAL 5-AREA           21,395    20,495        884    215.70    218.08

N.CENTRAL/E.MT           2,033     2,019        835    213.39    212.70

WESTERN STATES             871     1,058        867    219.47    223.36

EASTERN CORNBELT           147                  676    205.22

NORTHEASTERN STATE         112       144        798    211.03    212.96



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   381       418      1,414    154.67    143.41

KANSAS                   5,487     6,124      1,393    158.77    162.82

NEBRASKA                 4,671     3,149      1,332    143.93    146.17

COLORADO                             361                         156.86

WESTERN CORNBELT         2,229     1,660      1,399    136.68    140.61

 TOTAL 5-AREA           12,768    11,712      1,372    149.36    154.32

N.CENTRAL/E.MT             488       479      1,425    155.50    154.32

WESTERN STATES             723       451      1,152    143.30    141.17

EASTERN CORNBELT           414       291      1,405    144.45    150.75

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,121     2,360        795    248.31    252.29

KANSAS                     346       729        828    241.93    252.30

NEBRASKA                 1,822     2,563        867    248.57    250.81

COLORADO                    85       429        811    254.10    253.29

WESTERN CORNBELT         1,413     2,072        815    252.70    256.79

 TOTAL 5-AREA            6,744     7,909        821    249.01    252.74

N.CENTRAL/E.MT             698     1,408        800    254.01    253.52

WESTERN STATES

EASTERN CORNBELT         1,590     2,333        802    247.21    252.02

NORTHEASTERN STATE         783       645        795    252.78    254.27



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,297     2,222      1,188    157.40    159.51

KANSAS                                74                         155.27

NEBRASKA                   126                1,357    163.52

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            3,423     2,296      1,195    157.62    159.37

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            30                1,178    158.00

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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