Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Sep 22, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 09/21/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            195,331  34,003  229,334       231,155        264,430

Negotiated Grid Net:     18,018   2,142   20,160        15,668         22,520

Forward Contract Net:    34,724  19,650   54,374        64,507         37,412



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   19,361     64.1     578-1,052     927   238.58-287.00   257.71

65 - 80% Choice   24,686     64.6     653-1,016     919   242.77-268.76   252.57

35 - 65% Choice   35,541     64.6     715-1,047     887   239.31-260.80   251.41

 0 - 35% Choice   21,742     63.8     580-1,050     902   234.75-263.59   250.29

Total all grades 101,330     64.3     578-1,052     906   234.75-287.00   252.66

HEIFER

Over 80% Choice   12,284     64.2     699-927       817   244.62-290.50   258.52

65 - 80% Choice   17,412     64.6     671-906       807   242.99-264.34   255.73

35 - 65% Choice   19,670     64.6     624-958       798   241.25-262.39   254.12

 0 - 35% Choice    5,082     64.5     678-881       818   245.15-255.87   251.71

Total all grades  54,448     64.5     624-958       807   241.25-290.50   255.40

MIXED STEER/HEIFER

Over 80% Choice    4,619     63.3     699-1,000     835   248.00-290.50   262.13

65 - 80% Choice    2,976     62.9     638-975       804   245.00-261.48   251.34

35 - 65% Choice    2,675     63.5     644-965       804   234.25-259.02   249.67

 0 - 35% Choice    3,468     62.8     711-929       812   235.74-258.97   249.67

Total all grades  13,738     63.1     638-1,000     817   234.25-290.50   254.22

ALL STEERS & HEIFERS

Total all grades 169,516     64.3     578-1,052     867   234.25-290.50   253.66

MIXED STEER/HEIFER/COW

Over 80% Choice      807     62.9     709-887       803   244.46-260.77   251.99

65 - 80% Choice    2,750     64.1     609-939       784   238.76-262.93   251.62

35 - 65% Choice    3,595     63.2     644-912       827   229.00-256.33   247.66

 0 - 35% Choice    1,550     60.4     621-1,059     909   209.99-250.24   227.77

Total all grades   8,702     63.0     609-1,059     826   209.99-262.93   245.77

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,201     61.5     684-971       845   234.59-259.31   251.41

65 - 80% Choice    6,246     61.3     680-934       838   236.29-257.03   249.92

35 - 65% Choice    3,543     61.5     620-909       826   228.85-254.75   247.68

 0 - 35% Choice    2,123     61.6     762-913       829   229.11-250.29   240.99

Total all grades  17,113     61.4     620-971       836   228.85-259.31   248.80



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,864     63.4   1,166-1,586   1,429   159.02-185.27   171.02

65 - 80% Choice    4,577     63.2   1,040-1,581   1,420   156.00-167.00   163.44

35 - 65% Choice   10,818     63.3   1,101-1,616   1,375   153.05-165.00   162.43

 0 - 35% Choice    1,090     62.6   1,201-1,367   1,285   159.09-163.50   162.20

Total all grades  20,349     63.3   1,040-1,616   1,391   153.05-185.27   164.28

HEIFER

Over 80% Choice    1,692     63.1   1,175-1,443   1,284   159.54-187.40   168.24

65 - 80% Choice    1,449     63.9   1,115-1,402   1,252   161.00-185.47   164.40

35 - 65% Choice    5,159     63.3   1,043-1,447   1,192   156.00-164.50   162.04

 0 - 35% Choice    1,306     63.1   1,045-1,341   1,245   158.87-163.50   162.27

Total all grades   9,606     63.3   1,043-1,447   1,224   156.00-187.40   163.52

MIXED STEER/HEIFER

Over 80% Choice      607     61.3   1,190-1,320   1,284   160.00-177.76   166.05

65 - 80% Choice      217     63.3   1,036-1,406   1,288   156.00-164.00   160.43

35 - 65% Choice    1,410     63.1   1,050-1,403   1,203   158.00-163.00   160.50

 0 - 35% Choice                          -                      -

Total all grades   2,234     62.6   1,036-1,406   1,234   156.00-177.76   162.00

ALL STEERS & HEIFERS

Total all grades  32,189     63.2   1,036-1,616   1,330   153.05-187.40   163.89

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      903     61.4   1,273-1,479   1,367   148.84-162.53   156.00

65 - 80% Choice      303     61.2   1,050-1,409   1,289   148.84-162.53   155.36

35 - 65% Choice      440     60.5   1,221-1,476   1,348   149.99-154.00   152.75

 0 - 35% Choice      168     60.2   1,314-1,398   1,381   148.84-161.47   151.40

Total all grades   1,814     61.0   1,050-1,479   1,351   148.84-162.53   154.68



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,418     62.9     649-981       843   238.24-260.90   252.53

65 - 80% Choice      414     64.6     749-935       872   245.02-252.29   250.84

35 - 65% Choice      566     63.8     735-928       843   239.75-261.00   249.07

 0 - 35% Choice    2,993     63.1     744-995       913   245.90-252.00   249.92

Total all grades   5,391     63.2     649-995       884   238.24-261.00   250.58

HEIFER

Over 80% Choice      231     63.7     723-822       809   252.01-260.16   252.99

65 - 80% Choice      413     63.2     721-803       771   229.27-251.25   245.82

35 - 65% Choice      217     64.3     774-785       782   240.84-253.58   244.71

 0 - 35% Choice    2,614     64.0     749-925       829   245.00-251.96   249.78

Total all grades   3,475     63.9     721-925       818   229.27-260.16   249.21

MIXED STEER/HEIFER

Over 80% Choice    3,095     63.2     678-882       770   239.32-259.97   250.10

65 - 80% Choice      558     63.3     725-898       783   242.67-259.74   249.36

35 - 65% Choice      358     62.6     783-899       831   235.63-252.00   241.89

 0 - 35% Choice      990     63.1     565-949       855   230.21-252.00   246.40

Total all grades   5,001     63.1     565-949       792   230.21-259.97   248.70

ALL STEERS & HEIFERS

Total all grades  13,867     63.4     565-995       834   229.27-261.00   249.56

MIXED STEER/HEIFER/COW

Over 80% Choice      220     63.6     687-841       712   243.90-243.99   243.91

65 - 80% Choice    1,070     64.4     687-894       784   239.71-251.00   244.82

35 - 65% Choice      646     60.6     728-967       877   238.43-246.00   242.01

 0 - 35% Choice      445     59.7     810-1,044     904   223.88-242.71   232.68

Total all grades   2,381     62.4     687-1,044     825   223.88-251.00   241.71

DAIRYBRED STEER/HEIFER

Over 80% Choice      824     59.6     681-942       819   235.50-251.07   244.57

65 - 80% Choice      503     59.5     714-904       808   230.49-247.42   240.89

35 - 65% Choice      126     59.9     744-844       783   229.61-244.20   238.01

 0 - 35% Choice      317     60.4     732-835       813   221.62-242.00   237.09

Total all grades   1,770     59.7     681-942       812   221.62-251.07   241.72



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice       38     65.2   1,296-1,296   1,296   156.00-156.00   156.00

65 - 80% Choice       83     62.8   1,268-1,268   1,268   163.50-163.50   163.50

35 - 65% Choice                          -                      -

 0 - 35% Choice       36     63.1   1,404-1,404   1,404   163.00-163.00   163.00

Total all grades     157     63.4   1,268-1,404   1,306   156.00-163.50   161.57

HEIFER

Over 80% Choice       50     62.5   1,159-1,159   1,159   154.00-154.00   154.00

65 - 80% Choice                          -                      -

35 - 65% Choice      131     62.6   1,079-1,079   1,079   163.00-163.00   163.00

 0 - 35% Choice                          -                      -

Total all grades     181     62.6   1,079-1,159   1,101   154.00-163.00   160.51

MIXED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice       84     64.4   1,310-1,310   1,310   153.73-153.73   153.73

35 - 65% Choice      403     61.8   1,095-1,289   1,164   162.00-164.00   163.54

 0 - 35% Choice      101     61.9   1,393-1,393   1,393   153.41-153.41   153.41

Total all grades     588     62.2   1,095-1,393   1,224   153.41-164.00   160.40

ALL STEERS & HEIFERS

Total all grades     926     62.5   1,079-1,404   1,214   153.41-164.00   160.62

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      191     62.4   1,187-1,364   1,315   144.14-152.67   149.93

65 - 80% Choice      495     61.9   1,299-1,387   1,343   152.11-156.33   154.41

35 - 65% Choice      530     61.4   1,253-1,371   1,300   144.67-153.90   150.64

 0 - 35% Choice                          -                      -

Total all grades   1,216     61.8   1,187-1,387   1,320   144.14-156.33   152.06



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    9,111     64.9     743-1,065     968   203.89-257.69   220.36

65 - 80% Choice    3,091     63.8     808-1,009     946   200.82-249.57   235.77

35 - 65% Choice    2,103     64.2     819-953       889   200.12-246.46   219.49

 0 - 35% Choice    1,350     63.0     801-1,014     903   201.73-252.20   220.40

Total all grades  15,655     64.4     743-1,065     947   200.12-257.69   223.29

HEIFER

Over 80% Choice    2,516     64.1     751-904       842   206.67-242.74   224.43

65 - 80% Choice    1,969     63.5     754-893       831   206.69-240.94   221.52

35 - 65% Choice      329     65.7     779-846       810   198.28-234.02   211.76

 0 - 35% Choice      906     63.3     794-859       827   211.06-218.14   213.78

Total all grades   5,720     63.9     751-904       834   198.28-242.74   221.01

MIXED STEER/HEIFER

Over 80% Choice      272     64.7     868-926       909   207.88-244.03   214.33

65 - 80% Choice      114     62.8     772-915       860   209.58-233.34   218.75

35 - 65% Choice      101     63.5     785-835       798   212.33-214.46   212.60

 0 - 35% Choice    1,708     64.8     818-877       842   209.14-243.32   228.15

Total all grades   2,195     64.6     772-926       849   207.88-244.03   225.23

ALL STEERS & HEIFERS

Total all grades  23,570     64.3     743-1,065     911   198.28-257.69   222.92

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      268     63.2     845-845       845   203.72-203.72   203.72

35 - 65% Choice      182     63.1     736-771       741   202.76-243.59   209.27

 0 - 35% Choice                          -                      -

Total all grades     450     63.1     736-845       803   202.76-243.59   205.96

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,233     60.9     709-950       799   192.66-254.15   207.70

65 - 80% Choice    1,955     60.6     665-978       795   191.08-252.78   209.27

35 - 65% Choice    1,586     60.9     695-976       824   187.64-248.31   205.13

 0 - 35% Choice    1,930     61.8     713-919       881   188.84-243.97   211.77

Total all grades  10,704     61.0     665-978       817   187.64-254.15   208.34



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,688     63.6   1,188-1,551   1,462   131.41-171.66   141.96

65 - 80% Choice    3,657     63.9   1,358-1,600   1,501   135.82-165.57   150.30

35 - 65% Choice    6,584     63.9   1,334-1,588   1,468   136.45-165.57   156.96

 0 - 35% Choice      726     63.2   1,321-1,430   1,387   142.25-162.05   159.21

Total all grades  14,655     63.8   1,188-1,600   1,471   131.41-171.66   151.64

HEIFER

Over 80% Choice      732     63.5   1,185-1,399   1,284   131.00-170.60   149.63

65 - 80% Choice    2,114     64.8   1,191-1,336   1,261   123.95-165.57   156.54

35 - 65% Choice      770     64.0   1,261-1,427   1,303   127.07-165.57   154.78

 0 - 35% Choice       38     63.8   1,350-1,350   1,350   157.10-157.10   157.10

Total all grades   3,654     64.3   1,185-1,427   1,275   123.95-170.60   154.79

MIXED STEER/HEIFER

Over 80% Choice      295     64.3   1,172-1,340   1,313   133.88-167.68   147.81

65 - 80% Choice      272     63.0   1,254-1,505   1,463   134.08-143.45   141.17

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     567     63.7   1,172-1,505   1,385   133.88-167.68   144.62

ALL STEERS & HEIFERS

Total all grades  18,876     63.9   1,172-1,600   1,430   123.95-171.66   152.04

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      175     65.0   1,294-1,294   1,294   127.45-127.45   127.45

 0 - 35% Choice                          -                      -

Total all grades     175     65.0   1,294-1,294   1,294   127.45-127.45   127.45

DAIRYBRED STEER/HEIFER

Over 80% Choice      262     61.6   1,286-1,427   1,385   120.40-146.67   127.93

65 - 80% Choice      238     61.4   1,296-1,396   1,355   120.50-146.00   124.83

35 - 65% Choice                          -                      -

 0 - 35% Choice       99     61.3   1,364-1,384   1,377   120.40-128.41   123.15

Total all grades     599     61.5   1,286-1,427   1,372   120.40-146.67   125.91



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                59,762    64,974        847    252.45    248.22

KANSAS                  32,136    31,932        847    256.54    248.63

NEBRASKA                31,178    26,911        893    253.66    251.61

COLORADO                17,253    19,255        897    252.80    248.86

WESTERN CORNBELT        11,187     9,487        927    251.19    250.74

 TOTAL 5-AREA          151,216   152,112        869    253.52    249.14

N.CENTRAL/E.MT           5,007     3,804        862    251.89    249.80

WESTERN STATES          12,242    13,846        852    256.29    251.82

EASTERN CORNBELT           568     1,073        839    253.98    249.57

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                10,648    14,331      1,246    162.86    163.26

KANSAS                  14,366    12,801      1,359    163.24    161.27

NEBRASKA                 4,561     3,590      1,407    166.78    165.83

COLORADO                 1,462       339      1,413    166.09    180.18

WESTERN CORNBELT           797     1,246      1,352    164.77    165.30

 TOTAL 5-AREA           31,834    32,159      1,330    163.79    163.05

N.CENTRAL/E.MT             246       247      1,357    178.87    173.14

WESTERN STATES

EASTERN CORNBELT           109                1,176    159.54

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,533     3,454        876    222.61    228.23

KANSAS                   1,095     1,544        867    230.61    224.27

NEBRASKA                 6,080    14,556        891    223.65    216.22

COLORADO                 3,311     2,490        939    235.05    227.66

WESTERN CORNBELT         7,471     8,624        945    213.80    215.38

 TOTAL 5-AREA           20,450    30,668        915    222.17    218.67

N.CENTRAL/E.MT           1,188     1,057        865    217.15    218.70

WESTERN STATES           1,513     1,562        908    238.22    227.50

EASTERN CORNBELT           185       182        818    212.98    212.49

NORTHEASTERN STATE         194       182        797    230.26    225.18



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,813     5,408      1,474    157.35    160.59

KANSAS                   5,662     3,943      1,385    162.65    158.12

NEBRASKA                 4,006     3,421      1,408    148.93    145.83

COLORADO                    34                1,269    164.69

WESTERN CORNBELT         4,291     3,010      1,473    138.38    137.81

 TOTAL 5-AREA           17,806    15,782      1,430    152.58    152.43

N.CENTRAL/E.MT             629       427      1,425    145.99    147.72

WESTERN STATES                       635                         144.48

EASTERN CORNBELT           441       505      1,437    138.62    139.04

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,149       632        817    246.91    233.94

KANSAS                      73       556        791    248.78    242.84

NEBRASKA                 5,907     5,518        871    249.93    249.63

COLORADO                   227        38        810    242.15    246.18

WESTERN CORNBELT         1,537     1,057        815    251.01    244.76

 TOTAL 5-AREA            8,783     7,702        853    249.50    247.21

N.CENTRAL/E.MT           1,725     1,107        857    250.48    251.42

WESTERN STATES

EASTERN CORNBELT         2,864     1,757        772    249.19    247.27

NORTHEASTERN STATE         344       504        791    248.64    244.16



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   653        89      1,174    163.40    152.00

KANSAS                     101       167      1,393    153.41    153.00

NEBRASKA                              72                         157.00

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA              754       328      1,203    162.06    153.61

N.CENTRAL/E.MT              50                1,159    154.00

WESTERN STATES

EASTERN CORNBELT            84                1,310    153.73

NORTHEASTERN STATE          38                1,296    156.00





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

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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