Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Oct 20, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 10/19/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            183,850  30,545  214,395       228,372        106,846

Negotiated Grid Net:     10,957     290   11,247        14,753         13,214

Forward Contract Net:    49,668  18,389   68,057        70,326         25,076



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   17,160     63.8     722-1,132     945   245.82-290.79   259.19

65 - 80% Choice   21,351     64.4     658-1,071     916   241.09-265.60   254.97

35 - 65% Choice   31,136     64.4     724-1,046     882   239.84-293.66   254.03

 0 - 35% Choice   20,657     64.0     711-1,049     914   243.68-264.55   256.77

Total all grades  90,304     64.2     658-1,132     909   239.84-293.66   255.86

HEIFER

Over 80% Choice   11,656     64.2     729-946       834   247.07-288.41   259.27

65 - 80% Choice   18,155     64.5     713-953       819   246.37-264.86   256.25

35 - 65% Choice   18,723     64.5     669-991       800   241.70-262.81   254.98

 0 - 35% Choice    6,165     64.1     638-920       844   248.92-262.62   257.21

Total all grades  54,699     64.4     638-991       818   241.70-288.41   256.57

MIXED STEER/HEIFER

Over 80% Choice    5,107     63.5     698-996       854   251.52-282.32   266.48

65 - 80% Choice    1,720     63.2     686-925       828   247.32-263.03   256.24

35 - 65% Choice    3,011     63.7     636-977       797   242.12-263.21   255.17

 0 - 35% Choice    3,623     62.4     675-990       799   241.93-258.75   253.60

Total all grades  13,461     63.2     636-996       823   241.93-282.32   259.18

ALL STEERS & HEIFERS

Total all grades 158,464     64.2     636-1,132     871   239.84-293.66   256.39

MIXED STEER/HEIFER/COW

Over 80% Choice    2,482     64.4     801-927       858   249.57-263.43   252.81

65 - 80% Choice    3,272     64.0     672-897       835   240.75-262.96   255.71

35 - 65% Choice    5,896     63.9     683-897       791   224.54-261.94   253.59

 0 - 35% Choice      558     60.5     782-1,000     933   221.54-247.86   235.43

Total all grades  12,208     63.9     672-1,000     823   221.54-263.43   253.17

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,505     61.8     744-952       839   244.86-265.17   253.77

65 - 80% Choice    3,759     61.8     739-934       851   241.86-258.78   250.37

35 - 65% Choice    4,817     61.3     716-933       821   231.72-256.71   248.76

 0 - 35% Choice    1,097     61.6     738-927       847   237.38-253.13   247.84

Total all grades  13,178     61.6     716-952       837   231.72-265.17   250.47



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,323     63.3   1,143-1,678   1,492   160.00-186.49   167.08

65 - 80% Choice    3,088     63.2   1,199-1,651   1,504   161.39-166.90   163.84

35 - 65% Choice    7,958     63.3     994-1,588   1,377   158.00-166.90   163.34

 0 - 35% Choice    1,787     63.1   1,180-1,699   1,357   156.00-165.00   162.47

Total all grades  17,156     63.3     994-1,699   1,427   156.00-186.49   164.28

HEIFER

Over 80% Choice    1,539     63.4   1,218-1,462   1,339   161.43-187.67   170.55

65 - 80% Choice      700     65.2   1,127-1,332   1,220   163.00-165.50   164.28

35 - 65% Choice    4,712     62.9     958-1,467   1,201   159.87-165.50   163.84

 0 - 35% Choice      386     63.6   1,297-1,444   1,365   165.00-165.00   165.00

Total all grades   7,337     63.3     958-1,467   1,241   159.87-187.67   165.35

MIXED STEER/HEIFER

Over 80% Choice      981     63.2   1,137-1,368   1,318   163.00-178.95   174.96

65 - 80% Choice      555     61.4   1,166-1,498   1,297   161.43-170.00   162.93

35 - 65% Choice    1,235     62.9   1,077-1,539   1,200   158.97-165.50   162.44

 0 - 35% Choice      228     63.8   1,276-1,457   1,423   163.00-163.00   163.00

Total all grades   2,999     62.8   1,077-1,539   1,274   158.97-178.95   166.67

ALL STEERS & HEIFERS

Total all grades  27,492     63.2     958-1,699   1,360   156.00-187.67   164.83

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      348     64.0   1,064-1,131   1,115   161.35-163.00   161.75

35 - 65% Choice      218     62.4   1,110-1,471   1,276   153.00-160.85   157.58

 0 - 35% Choice                          -                      -

Total all grades     566     63.4   1,064-1,471   1,177   153.00-163.00   160.15

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,032     61.6   1,269-1,480   1,388   151.65-164.00   159.91

65 - 80% Choice      496     61.3   1,349-1,410   1,389   151.82-157.00   154.30

35 - 65% Choice      784     61.5   1,301-1,399   1,340   151.10-161.32   156.39

 0 - 35% Choice      175     61.7   1,307-1,334   1,321   155.00-161.32   157.51

Total all grades   2,487     61.5   1,269-1,480   1,368   151.10-164.00   157.52



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    1,343     63.1     695-1,019     863   242.40-268.34   255.23

65 - 80% Choice      188     63.6     809-888       857   238.05-259.73   250.18

35 - 65% Choice      717     63.1     619-940       858   236.69-259.18   252.76

 0 - 35% Choice    1,989     62.9     752-1,012     939   247.00-258.00   255.10

Total all grades   4,237     63.0     619-1,019     898   236.69-268.34   254.53

HEIFER

Over 80% Choice      172     62.7     694-850       777   240.59-256.23   250.80

65 - 80% Choice      187     64.0     788-822       816   251.56-256.00   255.29

35 - 65% Choice      494     63.6     721-859       823   236.32-256.00   248.07

 0 - 35% Choice      712     62.9     787-868       833   252.00-252.00   252.00

Total all grades   1,565     63.2     694-868       822   236.32-256.23   251.02

MIXED STEER/HEIFER

Over 80% Choice    1,296     63.1     704-932       802   242.27-269.28   254.23

65 - 80% Choice      352     62.8     697-836       770   240.47-258.00   250.66

35 - 65% Choice      171     62.9     705-982       786   231.59-258.00   247.59

 0 - 35% Choice      321     63.5     708-905       822   244.08-252.00   248.35

Total all grades   2,140     63.1     697-982       798   231.59-269.28   252.23

ALL STEERS & HEIFERS

Total all grades   7,942     63.1     619-1,019     856   231.59-269.28   253.22

MIXED STEER/HEIFER/COW

Over 80% Choice       66     62.7     755-830       793   248.46-249.75   249.09

65 - 80% Choice       22     58.4     772-772       772   248.12-248.12   248.12

35 - 65% Choice    1,050     63.3     757-960       840   225.15-255.00   248.78

 0 - 35% Choice      431     59.4     769-998       904   224.25-245.54   238.90

Total all grades   1,569     62.1     755-998       855   224.25-255.00   246.07

DAIRYBRED STEER/HEIFER

Over 80% Choice      793     60.0     723-966       843   238.94-255.74   246.04

65 - 80% Choice      356     59.6     775-895       815   235.36-258.38   242.14

35 - 65% Choice      252     59.0     756-923       833   227.27-247.24   239.08

 0 - 35% Choice       45     60.6     842-842       842   242.23-242.23   242.23

Total all grades   1,446     59.8     723-966       835   227.27-258.38   243.75



                        NEGOTIATED GRID NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice       45     61.6   1,352-1,352   1,352   154.89-154.89   154.89

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades      45     61.6   1,352-1,352   1,352   154.89-154.89   154.89

HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       82     62.2   1,169-1,171   1,170   161.00-161.00   161.00

 0 - 35% Choice                          -                      -

Total all grades      82     62.2   1,169-1,171   1,170   161.00-161.00   161.00

MIXED STEER/HEIFER

 No Reportable Trade.

ALL STEERS & HEIFERS

Total all grades     127     62.0   1,169-1,352   1,234   154.89-161.00   158.84

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      133     63.8   1,435-1,435   1,435   160.82-160.82   160.82

35 - 65% Choice       30     62.5   1,320-1,320   1,320   155.92-155.92   155.92

 0 - 35% Choice                          -                      -

Total all grades     163     63.6   1,320-1,435   1,414   155.92-160.82   159.92



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    9,395     63.7     748-1,058     945   196.24-261.07   218.62

65 - 80% Choice    4,906     63.3     792-1,079     933   201.39-266.12   226.32

35 - 65% Choice    7,937     64.3     723-1,001     918   193.98-266.16   243.21

 0 - 35% Choice    2,013     63.4     740-1,044     924   198.48-254.63   227.25

Total all grades  24,251     63.8     723-1,079     932   193.98-266.16   228.94

HEIFER

Over 80% Choice    8,392     64.2     754-932       868   204.74-269.88   232.01

65 - 80% Choice    3,134     64.3     731-917       849   205.81-256.81   226.64

35 - 65% Choice    2,856     64.0     679-932       790   204.35-267.38   229.64

 0 - 35% Choice      845     63.2     710-900       830   208.59-229.05   215.66

Total all grades  15,227     64.1     679-932       847   204.35-269.88   229.55

MIXED STEER/HEIFER

Over 80% Choice       52     60.9     826-951       855   226.11-238.46   228.96

65 - 80% Choice      211     63.2     790-995       911   210.28-233.57   227.17

35 - 65% Choice      278     63.2     750-905       827   212.40-235.43   218.31

 0 - 35% Choice                          -                      -

Total all grades     541     63.0     750-995       862   210.28-238.46   222.79

ALL STEERS & HEIFERS

Total all grades  40,019     63.9     679-1,079     899   193.98-269.88   229.09

MIXED STEER/HEIFER/COW

Over 80% Choice       38     63.5     837-837       837   214.09-214.09   214.09

65 - 80% Choice      663     63.2     849-936       904   203.29-241.25   219.67

35 - 65% Choice      160     63.2     789-930       854   199.06-230.06   211.24

 0 - 35% Choice                          -                      -

Total all grades     861     63.2     789-936       892   199.06-241.25   217.85

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,935     61.8     698-976       772   194.27-229.38   206.18

65 - 80% Choice    1,691     61.5     744-903       816   187.98-240.66   209.58

35 - 65% Choice    1,665     61.4     706-908       824   187.50-243.64   214.17

 0 - 35% Choice    2,497     61.1     761-885       836   191.91-258.22   221.47

Total all grades   8,788     61.5     698-976       808   187.50-258.22   212.69



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,843     63.6   1,175-1,624   1,446   132.15-186.37   153.25

65 - 80% Choice    1,506     63.8   1,447-1,575   1,493   137.00-159.85   149.01

35 - 65% Choice    4,583     64.1   1,089-1,584   1,429   138.47-162.00   156.51

 0 - 35% Choice    1,489     63.6   1,244-1,472   1,351   141.80-166.90   152.76

Total all grades  10,421     63.9   1,089-1,624   1,432   132.15-186.37   154.00

HEIFER

Over 80% Choice    2,137     63.5   1,177-1,544   1,354   130.07-169.42   153.23

65 - 80% Choice      814     64.2   1,200-1,365   1,294   123.95-162.00   147.58

35 - 65% Choice    1,402     64.2   1,200-1,346   1,275   123.95-162.00   155.31

 0 - 35% Choice      140     64.0   1,200-1,200   1,200   159.10-159.10   159.10

Total all grades   4,493     63.8   1,177-1,544   1,314   123.95-169.42   153.04

MIXED STEER/HEIFER

Over 80% Choice      551     63.7   1,314-1,416   1,338   128.00-152.18   147.44

65 - 80% Choice      598     63.5   1,253-1,414   1,377   129.05-133.88   132.69

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades   1,149     63.6   1,253-1,416   1,358   128.00-152.18   139.77

ALL STEERS & HEIFERS

Total all grades  16,063     63.8   1,089-1,624   1,393   123.95-186.37   152.71

MIXED STEER/HEIFER/COW

Over 80% Choice      126     64.9   1,321-1,380   1,362   131.90-133.61   133.09

65 - 80% Choice    1,216     63.1   1,254-1,473   1,381   133.80-141.39   136.26

35 - 65% Choice      234     62.7   1,287-1,490   1,378   139.70-140.96   140.39

 0 - 35% Choice                          -                      -

Total all grades   1,576     63.2   1,254-1,490   1,379   131.90-141.39   136.62

DAIRYBRED STEER/HEIFER

Over 80% Choice      580     61.6   1,255-1,460   1,349   121.35-146.67   129.76

65 - 80% Choice      170     60.7   1,262-1,437   1,336   126.00-152.24   138.82

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     750     61.4   1,255-1,460   1,346   121.35-152.24   131.81



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                53,523    66,107        838    255.05    250.08

KANSAS                  27,831    29,102        849    256.17    252.83

NEBRASKA                29,169    28,953        913    256.98    252.59

COLORADO                19,919    19,162        895    257.36    251.90

WESTERN CORNBELT        11,186    11,802        951    257.29    252.38

 TOTAL 5-AREA          141,351   154,710        873    256.16    251.46

N.CENTRAL/E.MT           4,812     3,471        881    260.89    256.00

WESTERN STATES          11,325    10,433        844    257.15    252.97

EASTERN CORNBELT           509     1,010        855    258.82    251.54

NORTHEASTERN STATE                    22                         256.83



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                11,390    11,907      1,272    164.20    162.15

KANSAS                   8,010    10,601      1,366    164.10    162.35

NEBRASKA                 6,601     4,481      1,497    165.79    163.47

COLORADO                   485     1,193      1,392    164.30    164.12

WESTERN CORNBELT           606     1,474      1,424    167.09    166.18

 TOTAL 5-AREA           27,092    29,656      1,360    164.62    162.70

N.CENTRAL/E.MT             400       344      1,357    178.75    174.99

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 5,005     2,802        848    238.85    231.21

KANSAS                   7,692     5,213        898    247.17    243.56

NEBRASKA                11,212    13,012        916    224.42    219.52

COLORADO                 2,061     6,881        873    232.22    229.93

WESTERN CORNBELT         6,529     7,966        942    215.33    213.30

 TOTAL 5-AREA           32,459    35,834        904    230.72    224.56

N.CENTRAL/E.MT           3,847     2,747        905    220.06    219.21

WESTERN STATES           1,503       497        887    234.44    226.44

EASTERN CORNBELT         1,254     1,086        811    214.11    215.70

NORTHEASTERN STATE         916       812        845    221.85    212.68



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 5,181     3,913      1,376    156.48    156.68

KANSAS                   2,186     3,102      1,385    159.89    159.61

NEBRASKA                 4,262     2,914      1,356    154.89    154.50

COLORADO

WESTERN CORNBELT         2,642     4,994      1,472    140.58    141.04

 TOTAL 5-AREA           14,271    14,850      1,389    153.58    151.59

N.CENTRAL/E.MT           1,104     2,672      1,498    148.10    144.56

WESTERN STATES             252       612      1,089    144.79    147.50

EASTERN CORNBELT           436       452      1,440    140.38    135.25

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   484       478        826    252.18    244.55

KANSAS                      53       118        755    246.57    244.84

NEBRASKA                 3,664     3,758        901    253.71    250.33

COLORADO                    14       110        887    250.87    243.41

WESTERN CORNBELT         1,426     1,938        809    254.08    247.45

 TOTAL 5-AREA            5,566     6,282        871    253.54    248.84

N.CENTRAL/E.MT             678     2,208        867    256.45    249.53

WESTERN STATES                        34                         254.00

EASTERN CORNBELT         1,165     1,387        806    250.52    246.74

NORTHEASTERN STATE         417       502        802    250.31    247.21



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                    82       165      1,170    161.00    157.88

KANSAS

NEBRASKA                             136                         157.87

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA               82       301      1,170    161.00    157.88

N.CENTRAL/E.MT              45                1,352    154.89

WESTERN STATES

EASTERN CORNBELT                      45                         155.00

NORTHEASTERN STATE                   118                         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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