Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Oct 13, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 10/12/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            196,454  31,918  228,372       222,082         NA

Negotiated Grid Net:     14,061     692   14,753        13,250         NA

Forward Contract Net:    50,037  20,403   70,440        62,906         NA



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   17,572     63.9     733-1,058     927   236.38-286.78   254.27

65 - 80% Choice   25,399     64.6     730-1,035     919   240.00-271.67   250.07

35 - 65% Choice   38,117     64.4     722-1,037     885   231.83-258.57   249.69

 0 - 35% Choice   17,797     64.0     708-1,021     926   233.74-274.49   250.73

Total all grades  98,885     64.3     708-1,058     908   231.83-286.78   250.79

HEIFER

Over 80% Choice   12,417     64.1     673-938       827   239.44-289.61   255.45

65 - 80% Choice   16,966     64.4     709-929       811   241.24-261.25   251.74

35 - 65% Choice   22,374     64.5     647-929       797   239.52-258.71   251.19

 0 - 35% Choice    4,295     64.3     700-899       822   235.85-275.12   253.46

Total all grades  56,052     64.4     647-938       810   235.85-289.61   252.47

MIXED STEER/HEIFER

Over 80% Choice    5,855     63.5     623-995       849   243.00-281.67   258.94

65 - 80% Choice    1,765     63.5     720-945       819   243.56-258.38   251.65

35 - 65% Choice    2,414     63.5     658-908       791   237.71-257.56   248.90

 0 - 35% Choice    5,314     63.3     652-947       835   236.12-269.29   251.90

Total all grades  15,348     63.4     623-995       831   236.12-281.67   254.09

ALL STEERS & HEIFERS

Total all grades 170,285     64.2     623-1,058     869   231.83-289.61   251.64

MIXED STEER/HEIFER/COW

Over 80% Choice    1,837     63.6     657-883       813   233.41-257.51   248.94

65 - 80% Choice    2,360     64.0     717-975       830   241.30-255.79   247.96

35 - 65% Choice    4,569     64.3     647-978       796   232.35-257.77   247.42

 0 - 35% Choice    2,088     60.4     741-1,096     928   223.09-253.82   232.74

Total all grades  10,854     63.4     647-1,096     831   223.09-257.77   244.97

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,429     61.5     706-931       825   241.16-258.02   249.11

65 - 80% Choice    4,834     62.3     753-910       843   232.06-255.92   246.99

35 - 65% Choice    5,207     61.8     714-902       837   230.60-253.26   245.92

 0 - 35% Choice      845     61.7     746-882       827   233.16-248.80   245.18

Total all grades  15,315     61.9     706-931       835   230.60-258.02   247.14



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,884     63.6   1,256-1,623   1,432   159.00-183.14   169.58

65 - 80% Choice    3,228     63.5   1,305-1,562   1,451   158.49-163.00   160.74

35 - 65% Choice    8,765     63.5   1,004-1,653   1,369   155.51-184.17   161.62

 0 - 35% Choice      964     62.9   1,244-1,684   1,315   154.00-163.00   157.73

Total all grades  15,841     63.5   1,004-1,684   1,394   154.00-184.17   162.65

HEIFER

Over 80% Choice    2,603     63.6   1,195-1,389   1,288   159.00-186.02   166.53

65 - 80% Choice    1,716     63.6   1,130-1,438   1,293   156.35-163.50   160.59

35 - 65% Choice    6,001     63.0   1,004-1,501   1,189   158.00-164.00   161.58

 0 - 35% Choice      949     62.9   1,081-1,350   1,204   153.00-163.50   161.53

Total all grades  11,269     63.2   1,004-1,501   1,229   153.00-186.02   162.57

MIXED STEER/HEIFER

Over 80% Choice    1,152     62.3   1,174-1,400   1,306   157.00-175.91   169.69

65 - 80% Choice      376     64.3   1,077-1,427   1,210   159.00-163.00   160.41

35 - 65% Choice      573     62.7   1,072-1,523   1,239   158.00-163.00   161.03

 0 - 35% Choice      789     62.5   1,194-1,460   1,309   163.00-163.50   163.08

Total all grades   2,890     62.7   1,072-1,523   1,281   157.00-175.91   164.96

ALL STEERS & HEIFERS

Total all grades  30,000     63.3   1,004-1,684   1,321   153.00-186.02   162.84

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      772     61.3   1,262-1,477   1,354   147.86-161.32   155.20

65 - 80% Choice      119     60.6   1,398-1,398   1,398   151.65-151.65   151.65

35 - 65% Choice    1,027     61.2   1,293-1,371   1,338   149.00-156.00   154.79

 0 - 35% Choice                          -                      -

Total all grades   1,918     61.2   1,262-1,477   1,348   147.86-161.32   154.76



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      957     63.0     644-984       861   239.95-262.47   247.03

65 - 80% Choice      557     63.0     710-981       878   236.44-253.70   248.10

35 - 65% Choice      610     63.0     766-941       892   239.06-253.82   245.24

 0 - 35% Choice    3,493     63.0     854-1,002     929   245.00-253.00   251.35

Total all grades   5,617     63.0     644-1,002     908   236.44-262.47   249.63

HEIFER

Over 80% Choice      356     63.8     728-820       792   243.23-250.52   248.62

65 - 80% Choice      377     64.6     718-854       833   244.89-251.00   250.33

35 - 65% Choice      288     62.9     791-862       834   241.00-250.00   245.47

 0 - 35% Choice      265     62.8     820-918       856   252.00-252.00   252.00

Total all grades   1,286     63.6     718-918       827   241.00-252.00   249.11

MIXED STEER/HEIFER

Over 80% Choice    1,597     63.2     714-971       817   237.41-259.71   248.62

65 - 80% Choice      437     62.9     718-847       784   238.29-253.31   243.71

35 - 65% Choice      591     63.1     718-950       869   235.16-251.61   241.23

 0 - 35% Choice    1,040     62.4     686-881       836   235.89-252.00   248.75

Total all grades   3,665     62.9     686-971       827   235.16-259.71   246.88

ALL STEERS & HEIFERS

Total all grades  10,568     63.1     644-1,002     870   235.16-262.47   248.61

MIXED STEER/HEIFER/COW

Over 80% Choice      135     60.5     709-769       729   250.38-258.42   255.68

65 - 80% Choice      477     63.3     654-825       703   232.10-246.19   241.99

35 - 65% Choice      827     62.2     709-979       811   219.95-248.00   237.24

 0 - 35% Choice      684     60.4     743-1,021     934   212.47-241.81   233.16

Total all grades   2,123     61.7     654-1,021     821   212.47-258.42   238.17

DAIRYBRED STEER/HEIFER

Over 80% Choice      907     59.9     737-938       829   219.86-247.44   240.16

65 - 80% Choice      187     59.9     780-898       832   229.82-251.63   244.41

35 - 65% Choice      214     60.2     749-873       820   225.82-237.58   232.29

 0 - 35% Choice       62     59.9     822-856       830   244.00-244.00   244.00

Total all grades   1,370     60.0     737-938       828   219.86-251.63   239.69



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

 No Reportable Trade.

HEIFER

Over 80% Choice      118     62.5   1,312-1,364   1,333   156.25-156.25   156.25

65 - 80% Choice                          -                      -

35 - 65% Choice      165     62.8   1,150-1,245   1,196   156.69-159.00   157.88

 0 - 35% Choice                          -                      -

Total all grades     283     62.7   1,150-1,364   1,253   156.25-159.00   157.20

MIXED STEER/HEIFER

Over 80% Choice       45     63.4   1,208-1,208   1,208   155.00-155.00   155.00

65 - 80% Choice      136     63.1   1,446-1,446   1,446   157.87-157.87   157.87

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     181     63.2   1,208-1,446   1,387   155.00-157.87   157.16

ALL STEERS & HEIFERS

Total all grades     464     62.9   1,150-1,446   1,305   155.00-159.00   157.18

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice       32     61.2   1,290-1,290   1,290   154.00-154.00   154.00

65 - 80% Choice      138     62.8   1,281-1,322   1,308   150.00-155.97   154.84

35 - 65% Choice       58     60.7   1,267-1,267   1,267   148.78-148.78   148.78

 0 - 35% Choice                          -                      -

Total all grades     228     62.1   1,267-1,322   1,295   148.78-155.97   153.18



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   12,225     63.9     729-1,040     962   198.68-253.54   217.41

65 - 80% Choice    6,777     64.2     813-1,039     955   200.66-256.72   229.25

35 - 65% Choice    4,598     64.6     749-1,013     920   196.80-254.95   234.29

 0 - 35% Choice    2,522     63.6     760-1,004     908   207.89-254.70   220.87

Total all grades  26,122     64.1     729-1,040     948   196.80-256.72   223.79

HEIFER

Over 80% Choice    5,202     64.1     781-974       861   205.81-248.82   221.51

65 - 80% Choice    4,219     64.4     779-934       847   205.81-251.26   227.23

35 - 65% Choice    1,463     64.4     730-850       785   205.61-247.98   223.74

 0 - 35% Choice    1,259     63.6     755-953       888   205.77-218.18   209.74

Total all grades  12,143     64.2     730-974       850   205.61-251.26   222.55

MIXED STEER/HEIFER

Over 80% Choice       83     63.3     833-912       867   224.90-244.49   235.99

65 - 80% Choice      341     63.1     806-997       912   212.70-240.02   227.66

35 - 65% Choice      126     63.9     716-808       756   217.97-229.25   222.74

 0 - 35% Choice    2,201     64.8     794-950       847   218.89-233.08   228.78

Total all grades   2,751     64.5     716-997       852   212.70-244.49   228.58

ALL STEERS & HEIFERS

Total all grades  41,016     64.1     716-1,040     912   196.80-256.72   223.74

MIXED STEER/HEIFER/COW

Over 80% Choice      501     63.2     806-812       808   223.72-223.72   223.72

65 - 80% Choice       40     63.2     717-717       717   211.06-211.06   211.06

35 - 65% Choice      343     63.4     867-902       884   196.19-218.14   210.41

 0 - 35% Choice                          -                      -

Total all grades     884     63.3     717-902       834   196.19-223.72   217.98

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,950     61.9     723-939       772   189.33-233.57   208.55

65 - 80% Choice    1,094     62.0     725-918       834   193.80-244.70   209.86

35 - 65% Choice    1,125     61.8     704-917       826   181.27-245.61   212.84

 0 - 35% Choice    2,968     61.6     819-961       867   192.68-247.26   221.81

Total all grades   8,137     61.8     704-961       823   181.27-247.26   214.16



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,298     64.1   1,384-1,598   1,490   128.62-171.60   143.77

65 - 80% Choice    3,117     63.9   1,329-1,566   1,453   137.05-162.00   151.48

35 - 65% Choice    4,301     64.0   1,132-1,554   1,407   138.75-162.00   154.57

 0 - 35% Choice      602     63.7   1,294-1,455   1,377   136.15-162.00   159.20

Total all grades  11,318     64.0   1,132-1,598   1,442   128.62-171.60   150.82

HEIFER

Over 80% Choice    1,888     63.9   1,165-1,519   1,329   130.00-225.69   151.69

65 - 80% Choice    1,501     63.6   1,200-1,559   1,404   130.50-162.00   140.46

35 - 65% Choice    2,988     64.1   1,125-1,391   1,269   154.60-159.85   158.92

 0 - 35% Choice                          -                      -

Total all grades   6,377     63.9   1,125-1,559   1,319   130.00-225.69   152.43

MIXED STEER/HEIFER

Over 80% Choice      509     63.0   1,170-1,497   1,335   130.87-150.27   138.32

65 - 80% Choice      569     63.4   1,354-1,424   1,369   131.10-146.57   134.80

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades   1,078     63.2   1,170-1,497   1,353   130.87-150.27   136.47

ALL STEERS & HEIFERS

Total all grades  18,773     63.9   1,125-1,598   1,395   128.62-225.69   150.54

MIXED STEER/HEIFER/COW

Over 80% Choice      160     63.1   1,161-1,176   1,169   141.50-143.18   142.34

65 - 80% Choice                          -                      -

35 - 65% Choice      522     62.9   1,306-1,343   1,336   133.92-136.17   134.36

 0 - 35% Choice                          -                      -

Total all grades     682     63.0   1,161-1,343   1,297   133.92-143.18   136.23

DAIRYBRED STEER/HEIFER

Over 80% Choice      446     62.0   1,359-1,367   1,360   128.25-145.65   136.18

65 - 80% Choice      151     60.9   1,357-1,440   1,395   121.91-152.24   146.89

35 - 65% Choice      351     61.0   1,347-1,439   1,366   120.00-121.91   121.52

 0 - 35% Choice                          -                      -

Total all grades     948     61.5   1,347-1,440   1,368   120.00-152.24   132.46



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                66,107    57,158        844    250.08    249.19

KANSAS                  29,102    32,112        851    252.83    251.88

NEBRASKA                28,953    24,596        898    252.59    249.37

COLORADO                19,162    17,230        908    251.90    248.38

WESTERN CORNBELT        11,802    10,176        942    252.38    248.08

 TOTAL 5-AREA          154,710   140,812        871    251.46    249.64

N.CENTRAL/E.MT           3,471     3,814        876    256.00    251.43

WESTERN STATES          10,433    10,382        843    252.97    250.59

EASTERN CORNBELT         1,010     1,329        846    251.54    249.98

NORTHEASTERN STATE          22                  880    256.83



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                11,907    12,352      1,248    162.15    161.05

KANSAS                  10,601    14,403      1,348    162.35    160.31

NEBRASKA                 4,481     5,455      1,404    163.47    160.57

COLORADO                 1,193     1,558      1,358    164.12    159.61

WESTERN CORNBELT         1,474     1,761      1,424    166.18    161.19

 TOTAL 5-AREA           29,656    35,451      1,321    162.70    160.63

N.CENTRAL/E.MT             344       492      1,364    174.99    173.27

WESTERN STATES

EASTERN CORNBELT                     202                         157.50

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 2,802     2,896        842    231.21    242.65

KANSAS                   5,213     2,711        888    243.56    242.62

NEBRASKA                13,012    10,609        926    219.52    219.65

COLORADO                 6,881     3,512        900    229.93    237.51

WESTERN CORNBELT         7,966     6,467        959    213.30    214.36

 TOTAL 5-AREA           35,834    26,155        916    224.56    225.68

N.CENTRAL/E.MT           2,747     4,800        920    219.21    218.98

WESTERN STATES             497     1,537        844    226.44    228.72

EASTERN CORNBELT         1,086     2,426        854    215.70    213.81

NORTHEASTERN STATE         812     1,173        839    212.68    217.02



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 3,913     4,428      1,394    156.68    156.02

KANSAS                   3,102     1,542      1,386    159.61    158.37

NEBRASKA                 2,914     4,166      1,322    154.50    142.96

COLORADO

WESTERN CORNBELT         5,108     4,484      1,440    142.93    139.52

 TOTAL 5-AREA           14,964    14,512      1,394    152.15    147.54

N.CENTRAL/E.MT           2,672     1,031      1,459    144.56    153.56

WESTERN STATES             612       612      1,132    147.50    147.50

EASTERN CORNBELT           452       142      1,409    135.25    140.50

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   478       956        819    244.55    245.52

KANSAS                     118       295        810    244.84    252.16

NEBRASKA                 3,758     2,961        892    250.33    247.38

COLORADO                   110       214        796    243.41    244.33

WESTERN CORNBELT         1,938     1,213        863    247.45    247.25

 TOTAL 5-AREA            6,282     5,623        877    248.84    247.16

N.CENTRAL/E.MT           2,208       558        909    249.53    248.44

WESTERN STATES              34                  926    254.00

EASTERN CORNBELT         1,387     2,226        813    246.74    245.98

NORTHEASTERN STATE         502       387        792    247.21    245.60



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   165       384      1,196    157.88    160.44

KANSAS

NEBRASKA                   136        88      1,446    157.87    161.38

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA              301       472      1,309    157.88    160.62

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            45        44      1,208    155.00    157.61

NORTHEASTERN STATE         118                1,333    156.25





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

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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