Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Sep 15, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 09/14/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            196,002  35,153  231,155       200,864        267,459

Negotiated Grid Net:     14,663   1,005   15,668        12,591         24,729

Forward Contract Net:    44,808  19,699   64,507        51,463         37,819



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   19,859     64.2     659-1,090     926   229.85-285.94   252.81

65 - 80% Choice   32,882     64.5     658-1,060     907   233.73-262.61   248.63

35 - 65% Choice   34,541     64.6     664-1,003     882   229.77-280.80   247.63

 0 - 35% Choice   16,471     63.9     707-1,020     910   233.04-267.22   250.30

Total all grades 103,753     64.4     658-1,090     903   229.77-285.94   249.36

HEIFER

Over 80% Choice   12,188     64.1     600-926       806   240.51-284.40   252.32

65 - 80% Choice   21,054     64.7     657-890       806   231.02-262.10   248.33

35 - 65% Choice   18,093     64.6     665-912       784   234.60-260.66   247.65

 0 - 35% Choice    4,410     64.5     669-947       822   240.56-254.17   250.17

Total all grades  55,745     64.5     600-947       800   231.02-284.40   249.13

MIXED STEER/HEIFER

Over 80% Choice    4,259     63.3     659-1,008     849   236.97-281.16   253.84

65 - 80% Choice    2,986     63.4     668-957       834   241.57-261.67   250.35

35 - 65% Choice    1,967     63.9     670-952       801   228.08-260.94   245.18

 0 - 35% Choice    2,757     62.9     748-897       823   235.65-255.03   249.59

Total all grades  11,969     63.3     659-1,008     831   228.08-281.16   250.57

ALL STEERS & HEIFERS

Total all grades 171,467     64.4     600-1,090     865   228.08-285.94   249.37

MIXED STEER/HEIFER/COW

Over 80% Choice    1,713     63.9     731-894       810   225.54-256.70   248.29

65 - 80% Choice    1,642     63.5     609-944       829   241.67-259.06   248.65

35 - 65% Choice    2,989     63.2     617-916       788   219.42-255.91   242.62

 0 - 35% Choice    2,162     59.2     705-1,041     927   213.90-241.26   221.86

Total all grades   8,506     62.4     609-1,041     836   213.90-259.06   239.65

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,327     61.5     746-986       858   229.19-259.70   244.51

65 - 80% Choice    4,777     61.8     716-972       842   234.67-257.86   244.72

35 - 65% Choice    6,047     61.7     717-922       844   230.70-253.33   241.79

 0 - 35% Choice    1,878     60.7     743-914       852   220.43-250.29   236.68

Total all grades  16,029     61.6     716-986       847   220.43-259.70   242.63



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    5,176     62.9   1,202-1,659   1,387   154.50-190.11   171.10

65 - 80% Choice    2,538     63.2   1,265-1,589   1,420   150.00-164.75   159.64

35 - 65% Choice   10,291     63.7   1,072-1,601   1,372   152.85-182.59   161.19

 0 - 35% Choice    1,339     63.1   1,217-1,498   1,360   155.00-164.00   160.58

Total all grades  19,344     63.4   1,072-1,659   1,381   150.00-190.11   163.59

HEIFER

Over 80% Choice    1,698     63.7   1,186-1,454   1,281   155.00-188.24   172.65

65 - 80% Choice    1,905     63.8   1,001-1,350   1,211   155.05-168.50   161.92

35 - 65% Choice    7,047     63.4   1,007-1,442   1,201   154.00-164.50   160.74

 0 - 35% Choice      886     63.3   1,014-1,367   1,218   152.94-163.00   157.08

Total all grades  11,536     63.5   1,001-1,454   1,216   152.94-188.24   162.41

MIXED STEER/HEIFER

Over 80% Choice      380     59.7   1,172-1,300   1,218   160.00-172.58   162.94

65 - 80% Choice      539     60.7   1,134-1,471   1,236   156.50-170.90   164.66

35 - 65% Choice      728     62.8   1,120-1,418   1,273   152.05-163.00   159.67

 0 - 35% Choice       27     62.8     973-973       973   159.40-159.40   159.40

Total all grades   1,674     61.4     973-1,471   1,244   152.05-172.58   162.02

ALL STEERS & HEIFERS

Total all grades  32,554     63.3     973-1,659   1,316   150.00-190.11   163.09

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       55     63.0   1,421-1,421   1,421   150.00-150.00   150.00

 0 - 35% Choice      131     62.4   1,353-1,353   1,353   150.00-150.00   150.00

Total all grades     186     62.6   1,353-1,421   1,373   150.00-150.00   150.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      585     61.7   1,254-1,473   1,386   149.28-162.53   153.34

65 - 80% Choice      494     61.9   1,353-1,415   1,369   145.00-155.86   150.13

35 - 65% Choice      963     61.6   1,207-1,361   1,310   145.45-155.86   151.08

 0 - 35% Choice      371     61.7   1,330-1,478   1,380   145.45-162.53   156.61

Total all grades   2,413     61.7   1,207-1,478   1,351   145.00-162.53   152.29



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,064     64.2     701-1,035     871   241.81-252.00   247.00

65 - 80% Choice      885     63.2     734-980       906   241.19-251.78   243.81

35 - 65% Choice      861     63.5     757-949       842   237.06-252.50   243.20

 0 - 35% Choice    2,479     63.5     809-980       899   250.00-252.00   251.96

Total all grades   5,289     63.6     701-1,035     885   237.06-252.50   248.17

HEIFER

Over 80% Choice      365     63.2     764-840       818   239.45-247.76   243.77

65 - 80% Choice       48     64.1     801-801       801   238.52-238.52   238.52

35 - 65% Choice                          -                      -

 0 - 35% Choice    1,540     64.0     741-888       815   252.00-252.00   252.00

Total all grades   1,953     63.9     741-888       815   238.52-252.00   250.13

MIXED STEER/HEIFER

Over 80% Choice    2,048     63.3     662-882       793   234.05-263.67   247.87

65 - 80% Choice      334     62.6     637-902       785   235.17-250.97   244.13

35 - 65% Choice      654     63.4     706-939       821   231.54-251.72   238.48

 0 - 35% Choice    1,017     63.5     733-926       826   231.83-252.00   245.46

Total all grades   4,053     63.3     637-939       805   231.54-263.67   245.44

ALL STEERS & HEIFERS

Total all grades  11,295     63.5     637-1,035     845   231.54-263.67   247.53

MIXED STEER/HEIFER/COW

Over 80% Choice      250     64.5     747-858       818   239.27-251.00   243.98

65 - 80% Choice       87     63.2     757-868       816   236.35-249.70   242.64

35 - 65% Choice      140     58.9     803-889       849   235.71-240.85   239.00

 0 - 35% Choice      467     59.9     820-952       893   230.37-239.40   237.18

Total all grades     944     61.3     747-952       860   230.37-251.00   239.76

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,529     59.7     677-975       838   230.22-250.21   242.66

65 - 80% Choice      849     60.8     736-937       848   231.96-247.77   239.56

35 - 65% Choice       46     57.3     730-858       774   235.57-236.63   235.94

 0 - 35% Choice                          -                      -

Total all grades   2,424     60.1     677-975       841   230.22-250.21   241.45



                        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      256     62.8   1,172-1,253   1,209   152.00-153.00   152.65

Total all grades     256     62.8   1,172-1,253   1,209   152.00-153.00   152.65

HEIFER

 No Reportable Trade.

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       72     62.8   1,316-1,316   1,316   157.00-157.00   157.00

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      72     62.8   1,316-1,316   1,316   157.00-157.00   157.00

ALL STEERS & HEIFERS

Total all grades     328     62.8   1,172-1,316   1,233   152.00-157.00   153.61

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      511     61.8   1,321-1,383   1,363   142.07-147.97   146.97

35 - 65% Choice      166     60.8   1,334-1,450   1,356   145.26-152.47   149.94

 0 - 35% Choice                          -                      -

Total all grades     677     61.6   1,321-1,450   1,362   142.07-152.47   147.70



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   12,033     64.9     760-1,051     968   204.35-250.76   217.87

65 - 80% Choice    5,076     64.2     852-1,006     950   197.73-248.72   218.57

35 - 65% Choice    2,289     64.5     823-996       914   198.60-245.40   215.73

 0 - 35% Choice    1,251     63.3     737-984       902   208.37-251.78   218.52

Total all grades  20,649     64.6     737-1,051     954   197.73-251.78   217.84

HEIFER

Over 80% Choice    5,009     64.2     732-919       832   207.98-254.27   223.04

65 - 80% Choice    4,994     64.2     762-882       831   211.82-254.07   218.10

35 - 65% Choice    1,314     64.8     649-895       780   196.32-246.50   217.69

 0 - 35% Choice      421     64.4     798-849       809   211.94-212.96   212.74

Total all grades  11,738     64.3     649-919       825   196.32-254.27   219.97

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice    1,264     64.7     810-942       852   209.75-243.32   231.07

Total all grades   1,264     64.7     810-942       852   209.75-243.32   231.07

ALL STEERS & HEIFERS

Total all grades  33,651     64.5     649-1,051     905   196.32-254.27   219.08

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,154     61.3     708-948       812   195.95-253.83   207.09

65 - 80% Choice    1,695     61.5     732-909       805   188.99-251.18   205.62

35 - 65% Choice    1,368     61.2     675-964       804   191.13-245.00   208.54

 0 - 35% Choice    2,940     61.3     725-929       851   182.56-231.72   210.42

Total all grades  11,157     61.3     675-964       820   182.56-253.83   207.92



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,785     63.9   1,320-1,569   1,474   130.85-171.00   145.57

65 - 80% Choice    4,838     64.1   1,159-1,548   1,428   132.00-161.02   155.78

35 - 65% Choice    3,959     64.3   1,377-1,535   1,454   132.90-161.27   156.47

 0 - 35% Choice      286     63.2   1,547-1,549   1,548   159.00-159.00   159.00

Total all grades  12,868     64.1   1,159-1,569   1,452   130.85-171.00   153.06

HEIFER

Over 80% Choice      995     64.1   1,159-1,347   1,290   127.34-159.00   140.25

65 - 80% Choice    1,114     64.3   1,250-1,331   1,284   123.95-163.35   149.78

35 - 65% Choice    1,607     64.1   1,227-1,289   1,266   123.95-161.27   153.05

 0 - 35% Choice                          -                      -

Total all grades   3,716     64.2   1,159-1,347   1,277   123.95-163.35   148.64

MIXED STEER/HEIFER

Over 80% Choice      342     63.4   1,204-1,387   1,282   130.32-167.68   147.11

65 - 80% Choice      261     63.2   1,295-1,364   1,326   135.10-145.73   138.41

35 - 65% Choice      162     64.2   1,322-1,322   1,322   137.45-137.45   137.45

 0 - 35% Choice                          -                      -

Total all grades     765     63.5   1,204-1,387   1,305   130.32-167.68   142.10

ALL STEERS & HEIFERS

Total all grades  17,349     64.1   1,159-1,569   1,408   123.95-171.00   151.63

MIXED STEER/HEIFER/COW

Over 80% Choice      459     63.4   1,346-1,451   1,362   128.90-137.13   130.60

65 - 80% Choice      469     64.5   1,240-1,363   1,294   123.95-133.71   127.34

35 - 65% Choice      197     64.2   1,257-1,257   1,257   123.95-123.95   123.95

 0 - 35% Choice                          -                      -

Total all grades   1,125     64.0   1,240-1,451   1,315   123.95-137.13   128.08

DAIRYBRED STEER/HEIFER

Over 80% Choice      502     60.9   1,278-1,395   1,320   118.50-127.25   121.07

65 - 80% Choice      141     62.1   1,297-1,449   1,333   127.25-146.97   131.87

35 - 65% Choice      325     61.2   1,310-1,387   1,332   117.50-148.85   123.44

 0 - 35% Choice      257     61.8   1,288-1,346   1,317   119.52-127.25   124.78

Total all grades   1,225     61.3   1,278-1,449   1,324   117.50-148.85   123.72



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                64,974    52,569        848    248.22    240.97

KANSAS                  31,932    31,220        840    248.63    242.85

NEBRASKA                26,911    22,416        898    251.61    246.23

COLORADO                19,255    12,997        888    248.86    244.14

WESTERN CORNBELT         9,487     8,755        931    250.74    245.52

 TOTAL 5-AREA          152,112   127,415        866    249.14    242.98

N.CENTRAL/E.MT           3,804     3,132        870    249.80    249.39

WESTERN STATES          13,846    10,224        851    251.82    244.77

EASTERN CORNBELT         1,073       789        900    249.57    243.99

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                14,331    14,388      1,263    163.26    155.51

KANSAS                  12,801    16,230      1,346    161.27    155.96

NEBRASKA                 3,590     3,414      1,414    165.83    161.92

COLORADO                   339     1,131      1,154    180.18    158.13

WESTERN CORNBELT         1,246     1,673      1,360    165.30    159.37

 TOTAL 5-AREA           32,159    36,836      1,315    163.05    156.56

N.CENTRAL/E.MT             247       123      1,346    173.14    170.75

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,454     1,894        848    228.23    234.18

KANSAS                   1,544     2,764        873    224.27    231.68

NEBRASKA                14,556     8,235        900    216.22    219.44

COLORADO                 2,490     1,599        894    227.66    223.57

WESTERN CORNBELT         8,624    10,417        957    215.38    215.91

 TOTAL 5-AREA           30,668    24,869        909    218.67    220.73

N.CENTRAL/E.MT           1,057       588        908    218.70    225.69

WESTERN STATES           1,562     1,578        853    227.50    220.75

EASTERN CORNBELT           182        38        820    212.49    213.38

NORTHEASTERN STATE         182       222        830    225.18    216.95



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 5,408     3,023      1,432    160.59    155.68

KANSAS                   3,943                1,419    158.12

NEBRASKA                 3,421     2,430      1,357    145.83    144.06

COLORADO

WESTERN CORNBELT         3,010     4,705      1,456    137.81    138.25

 TOTAL 5-AREA           15,782    10,050      1,417    152.43    144.89

N.CENTRAL/E.MT             427       486      1,421    147.72    167.37

WESTERN STATES             635                1,159    144.48

EASTERN CORNBELT           505       437      1,436    139.04    143.05

NORTHEASTERN STATE                    40                         137.13



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   632     1,866        778    233.94    239.11

KANSAS                     556        86        804    242.84    240.10

NEBRASKA                 5,518     2,503        885    249.63    244.66

COLORADO                    38       117        842    246.18    238.94

WESTERN CORNBELT         1,057       920        817    244.76    244.81

 TOTAL 5-AREA            7,702     5,409        861    247.21    242.57

N.CENTRAL/E.MT           1,107       396        844    251.42    245.60

WESTERN STATES

EASTERN CORNBELT         1,757       679        791    247.27    240.97

NORTHEASTERN STATE         504       367        789    244.16    240.44



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                    89     2,203      1,212    152.00    149.09

KANSAS                     167                1,208    153.00

NEBRASKA                    72                1,316    157.00

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA              328     2,203      1,233    153.61    149.09

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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