Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Sep 8, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 09/07/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            162,197  38,667  200,864       232,887        246,464

Negotiated Grid Net:      9,501   3,090   12,591        17,690         22,109

Forward Contract Net:    37,250  14,213   51,463        48,907         29,106



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   17,323     63.9     654-1,096     907   226.96-275.32   245.90

65 - 80% Choice   20,211     64.4     676-1,036     910   234.87-273.43   242.17

35 - 65% Choice   27,745     64.8     647-992       878   233.41-248.03   241.00

 0 - 35% Choice   18,667     64.1     704-1,015     913   232.38-263.81   243.80

Total all grades  83,946     64.4     647-1,096     900   226.96-275.32   242.91

HEIFER

Over 80% Choice    9,290     64.2     697-923       799   229.72-279.51   246.45

65 - 80% Choice   18,046     64.5     671-867       797   228.78-248.93   242.03

35 - 65% Choice   14,057     64.5     583-907       791   228.95-247.44   241.47

 0 - 35% Choice    6,584     64.5     687-888       812   238.51-268.45   246.18

Total all grades  47,977     64.5     583-923       798   228.78-279.51   243.29

MIXED STEER/HEIFER

Over 80% Choice    3,472     63.5     723-1,034     832   232.29-281.42   252.79

65 - 80% Choice    2,002     63.6     661-920       815   233.77-249.44   244.10

35 - 65% Choice    2,335     63.7     646-928       827   229.28-245.52   240.79

 0 - 35% Choice    2,370     62.4     665-900       796   237.10-245.58   242.54

Total all grades  10,179     63.3     646-1,034     819   229.28-281.42   245.94

ALL STEERS & HEIFERS

Total all grades 142,102     64.3     583-1,096     859   226.96-281.42   243.26

MIXED STEER/HEIFER/COW

Over 80% Choice    1,097     63.7     726-889       804   236.26-250.35   245.91

65 - 80% Choice    1,370     63.3     720-893       806   229.39-245.70   240.97

35 - 65% Choice    2,444     62.6     637-925       802   217.38-244.78   235.56

 0 - 35% Choice    1,644     59.0     679-1,005     905   207.78-244.85   216.94

Total all grades   6,555     62.0     637-1,005     829   207.78-250.35   233.75

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,378     61.8     671-943       881   224.43-251.49   238.78

65 - 80% Choice    5,199     61.8     688-938       855   223.93-244.82   237.18

35 - 65% Choice    2,878     61.9     784-953       837   228.41-242.48   235.22

 0 - 35% Choice    2,085     61.9     762-889       836   228.45-243.39   236.76

Total all grades  13,540     61.8     671-953       855   223.93-251.49   237.10



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,961     63.6   1,118-1,493   1,338   152.00-179.71   166.94

65 - 80% Choice    4,934     63.4   1,124-1,512   1,407   152.50-158.64   155.39

35 - 65% Choice   13,393     63.1   1,105-1,555   1,363   150.00-163.00   155.40

 0 - 35% Choice    3,983     63.2   1,205-1,480   1,354   151.10-157.71   155.58

Total all grades  25,271     63.2   1,105-1,555   1,367   150.00-179.71   156.78

HEIFER

Over 80% Choice    1,368     63.3   1,140-1,461   1,292   152.00-171.94   158.00

65 - 80% Choice    1,115     64.2   1,115-1,300   1,209   152.50-173.36   156.87

35 - 65% Choice    6,253     63.2     961-1,441   1,209   151.00-156.50   154.77

 0 - 35% Choice    1,054     63.6   1,131-1,258   1,221   155.50-157.71   157.24

Total all grades   9,790     63.4     961-1,461   1,222   151.00-173.36   155.73

MIXED STEER/HEIFER

Over 80% Choice      843     63.3   1,232-1,330   1,282   153.50-170.85   162.52

65 - 80% Choice      170     62.4   1,314-1,348   1,343   153.00-169.14   166.67

35 - 65% Choice      787     63.9   1,117-1,382   1,286   152.74-156.00   154.17

 0 - 35% Choice       98     62.2   1,155-1,155   1,155   151.97-151.97   151.97

Total all grades   1,898     63.4   1,117-1,382   1,282   151.97-170.85   158.88

ALL STEERS & HEIFERS

Total all grades  36,959     63.3     961-1,555   1,324   150.00-179.71   156.61

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       47     61.0   1,429-1,429   1,429   146.00-146.00   146.00

 0 - 35% Choice       45     60.7   1,437-1,437   1,437   146.00-146.00   146.00

Total all grades      92     60.9   1,429-1,437   1,433   146.00-146.00   146.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      429     59.9   1,406-1,507   1,457   141.14-144.73   144.23

65 - 80% Choice      736     61.1   1,365-1,444   1,395   141.14-146.32   144.03

35 - 65% Choice      451     60.7   1,280-1,419   1,353   141.80-145.05   143.87

 0 - 35% Choice                          -                      -

Total all grades   1,616     60.7   1,280-1,507   1,400   141.14-146.32   144.04



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      489     63.0     664-911       820   239.56-249.67   245.04

65 - 80% Choice      104     63.1     705-917       814   237.49-247.38   242.30

35 - 65% Choice      703     63.8     738-919       831   235.70-248.02   238.68

 0 - 35% Choice    1,759     63.2     816-1,000     920   240.00-246.00   244.42

Total all grades   3,055     63.3     664-1,000     880   235.70-249.67   243.13

HEIFER

Over 80% Choice      369     64.3     692-871       785   239.00-252.81   246.88

65 - 80% Choice      251     64.0     763-896       790   236.48-250.28   247.48

35 - 65% Choice                          -                      -

 0 - 35% Choice      573     64.0     822-877       847   226.83-245.00   241.75

Total all grades   1,193     64.1     692-896       816   226.83-252.81   244.54

MIXED STEER/HEIFER

Over 80% Choice    1,115     63.5     727-900       808   233.04-253.52   243.46

65 - 80% Choice      277     63.4     692-965       772   232.45-254.88   242.09

35 - 65% Choice      490     63.7     697-879       794   229.11-242.00   238.04

 0 - 35% Choice      804     64.3     764-906       811   230.01-245.00   238.62

Total all grades   2,686     63.8     692-965       803   229.11-254.88   240.88

ALL STEERS & HEIFERS

Total all grades   6,934     63.6     664-1,000     839   226.83-254.88   242.50

MIXED STEER/HEIFER/COW

Over 80% Choice       76     62.5     759-879       828   234.28-242.11   238.81

65 - 80% Choice      232     64.3     703-858       828   229.22-245.00   242.38

35 - 65% Choice      393     60.1     741-910       862   229.75-239.91   234.03

 0 - 35% Choice      232     59.8     859-944       894   223.63-237.63   233.14

Total all grades     933     61.3     703-944       859   223.63-245.00   236.28

DAIRYBRED STEER/HEIFER

Over 80% Choice      886     60.3     732-944       828   232.38-243.09   238.15

65 - 80% Choice      428     60.6     786-890       825   231.65-241.60   236.54

35 - 65% Choice      294     60.3     637-869       772   227.78-239.37   234.34

 0 - 35% Choice       26     59.3     778-778       778   229.69-229.69   229.69

Total all grades   1,634     60.4     637-944       816   227.78-243.09   236.91



                        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                          -                      -

 0 - 35% Choice      147     63.8   1,214-1,257   1,239   149.35-152.00   150.86

Total all grades     147     63.8   1,214-1,257   1,239   149.35-152.00   150.86

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      101     63.5   1,266-1,333   1,301   151.83-152.00   151.92

 0 - 35% Choice       62     62.8   1,350-1,350   1,350   147.34-147.34   147.34

Total all grades     163     63.2   1,266-1,350   1,320   147.34-152.00   150.18

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      455     63.9     994-1,225   1,138   139.36-152.00   148.79

 0 - 35% Choice    1,438     63.3   1,009-1,424   1,221   143.59-151.50   148.88

Total all grades   1,893     63.4     994-1,424   1,201   139.36-152.00   148.86

ALL STEERS & HEIFERS

Total all grades   2,203     63.5     994-1,424   1,212   139.36-152.00   149.09

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       84     64.2   1,206-1,206   1,206   152.33-152.33   152.33

35 - 65% Choice       45     63.9   1,148-1,148   1,148   152.56-152.56   152.56

 0 - 35% Choice                          -                      -

Total all grades     129     64.1   1,148-1,206   1,186   152.33-152.56   152.41

DAIRYBRED STEER/HEIFER

Over 80% Choice      213     62.2   1,385-1,428   1,406   143.64-147.22   145.34

65 - 80% Choice      237     61.5   1,295-1,411   1,365   142.86-143.38   143.05

35 - 65% Choice      308     61.5   1,232-1,371   1,283   142.00-143.72   143.31

 0 - 35% Choice                          -                      -

Total all grades     758     61.7   1,232-1,428   1,343   142.00-147.22   143.80



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    8,046     64.8     815-1,021     963   203.72-254.16   217.43

65 - 80% Choice    7,603     64.2     776-1,049     930   200.19-244.70   222.42

35 - 65% Choice    1,973     64.3     753-1,007     885   200.93-248.69   232.00

 0 - 35% Choice      557     64.4     807-950       884   218.02-244.44   233.44

Total all grades  18,179     64.5     753-1,049     938   200.19-254.16   221.58

HEIFER

Over 80% Choice    3,297     64.1     766-897       844   202.36-246.05   217.16

65 - 80% Choice    3,611     64.3     735-906       838   211.92-249.21   222.73

35 - 65% Choice      677     63.7     770-829       800   203.55-220.79   213.80

 0 - 35% Choice      481     63.8     739-925       851   206.16-217.23   207.44

Total all grades   8,066     64.1     735-925       838   202.36-249.21   218.79

MIXED STEER/HEIFER

Over 80% Choice      175     63.3     749-950       840   202.85-241.08   230.09

65 - 80% Choice      350     63.9     913-915       914   209.20-239.84   213.93

35 - 65% Choice      156     63.2     810-810       810   215.38-215.38   215.38

 0 - 35% Choice      409     64.8     842-939       877   200.88-243.32   227.86

Total all grades   1,090     64.0     749-950       873   200.88-243.32   221.96

ALL STEERS & HEIFERS

Total all grades  27,335     64.3     735-1,049     906   200.19-254.16   220.77

MIXED STEER/HEIFER/COW

Over 80% Choice      357     63.8     876-896       882   215.76-225.67   220.03

65 - 80% Choice      176     63.5     813-813       813   229.16-229.16   229.16

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     533     63.7     813-896       859   215.76-229.16   223.05

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,765     60.7     704-929       798   191.22-246.02   207.37

65 - 80% Choice    1,400     61.1     630-927       814   182.91-234.94   202.88

35 - 65% Choice      912     61.3     649-848       777   183.17-229.41   203.29

 0 - 35% Choice    3,305     61.2     722-911       851   198.53-243.97   226.83

Total all grades   9,382     61.0     630-929       817   182.91-246.02   213.16



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,048     64.0   1,165-1,581   1,462   128.90-170.60   143.89

65 - 80% Choice    1,495     63.7   1,391-1,511   1,462   135.67-160.55   151.92

35 - 65% Choice    1,743     64.2   1,365-1,500   1,436   132.80-160.80   154.36

 0 - 35% Choice      145     62.2   1,402-1,417   1,411   142.25-142.25   142.25

Total all grades   8,431     64.0   1,165-1,581   1,456   128.90-170.60   147.45

HEIFER

Over 80% Choice      734     63.6   1,155-1,378   1,241   123.95-167.68   146.76

65 - 80% Choice      733     63.4   1,258-1,387   1,322   122.37-152.12   133.91

35 - 65% Choice      303     64.0   1,258-1,280   1,269   121.77-160.80   133.39

 0 - 35% Choice                          -                      -

Total all grades   1,770     63.6   1,155-1,387   1,280   121.77-167.68   139.15

MIXED STEER/HEIFER

Over 80% Choice      887     63.6   1,134-1,471   1,300   129.84-149.04   142.99

65 - 80% Choice       33     62.8   1,155-1,155   1,155   128.02-128.02   128.02

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     920     63.6   1,134-1,471   1,295   128.02-149.04   142.46

ALL STEERS & HEIFERS

Total all grades  11,121     63.9   1,134-1,581   1,415   121.77-170.60   145.71

MIXED STEER/HEIFER/COW

Over 80% Choice      120     63.9   1,180-1,180   1,180   138.56-138.56   138.56

65 - 80% Choice      635     64.4   1,099-1,398   1,331   128.08-140.00   130.14

35 - 65% Choice      773     63.7   1,162-1,342   1,281   122.37-152.12   142.40

 0 - 35% Choice                          -                      -

Total all grades   1,528     64.0   1,099-1,398   1,294   122.37-152.12   137.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      608     61.2   1,300-1,419   1,362   116.75-148.85   124.86

65 - 80% Choice      483     60.9   1,349-1,454   1,403   121.18-141.92   124.74

35 - 65% Choice      473     61.1   1,313-1,419   1,364   117.00-121.18   119.46

 0 - 35% Choice                          -                      -

Total all grades   1,564     61.1   1,300-1,454   1,375   116.75-148.85   123.19



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                52,569    63,772        845    240.97    241.26

KANSAS                  31,220    38,102        845    242.85    244.60

NEBRASKA                22,416    25,700        888    246.23    247.00

COLORADO                12,997    16,348        867    244.14    244.95

WESTERN CORNBELT         8,755     8,484        922    245.52    244.90

 TOTAL 5-AREA          127,415   152,171        861    242.98    243.65

N.CENTRAL/E.MT           3,132     3,033        852    249.39    247.35

WESTERN STATES          10,224    14,921        849    244.77    244.60

EASTERN CORNBELT           789     1,488        883    243.99    243.86

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                14,388    11,156      1,278    155.51    154.73

KANSAS                  16,230    13,394      1,345    155.96    155.15

NEBRASKA                 3,414     4,115      1,392    161.92    158.18

COLORADO                 1,131       923      1,359    158.13    155.39

WESTERN CORNBELT         1,673     1,728      1,355    159.37    157.94

 TOTAL 5-AREA           36,836    31,316      1,324    156.56    155.56

N.CENTRAL/E.MT             123       539      1,352    170.75    160.75

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,894     2,311        885    234.18    230.89

KANSAS                   2,764     2,965        863    231.68    220.98

NEBRASKA                 8,235     7,508        890    219.44    217.98

COLORADO                 1,599     2,536        914    223.57    224.28

WESTERN CORNBELT        10,417     4,145        937    215.91    207.27

 TOTAL 5-AREA           24,869    19,465        908    220.73    218.51

N.CENTRAL/E.MT             588       610        900    225.69    223.38

WESTERN STATES           1,578     1,779        894    220.75    219.43

EASTERN CORNBELT            38                  815    213.38

NORTHEASTERN STATE         222       462        833    216.95    220.81



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,023     3,660      1,439    155.68    155.28

KANSAS                             1,877                         154.73

NEBRASKA                 2,430     3,705      1,306    144.06    143.16

COLORADO

WESTERN CORNBELT         4,705     1,012      1,456    138.25    140.24

 TOTAL 5-AREA           10,050    10,176      1,416    144.89    149.30

N.CENTRAL/E.MT             486       270      1,396    167.37    155.16

WESTERN STATES                     1,781                         143.35

EASTERN CORNBELT           437       390      1,432    143.05    141.76

NORTHEASTERN STATE          40                1,317    137.13



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,866     2,383        811    239.11    242.69

KANSAS                      86       361        788    240.10    243.47

NEBRASKA                 2,503     2,163        897    244.66    243.14

COLORADO                   117        34        857    238.94    242.27

WESTERN CORNBELT           920     1,180        798    244.81    248.58

 TOTAL 5-AREA            5,409     6,042        850    242.57    243.99

N.CENTRAL/E.MT             396     3,468        838    245.60    242.77

WESTERN STATES

EASTERN CORNBELT           679     1,531        791    240.97    243.36

NORTHEASTERN STATE         367       830        783    240.44    246.59



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,203     2,592      1,212    149.09    152.13

KANSAS

NEBRASKA

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA            2,203     2,592      1,212    149.09    152.13

N.CENTRAL/E.MT                        50                         148.85

WESTERN STATES

EASTERN CORNBELT                      85                         158.57

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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