Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon, Oct 27, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 10/26/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            183,720  29,130  212,850       214,395        235,340

Negotiated Grid Net:     12,112     335   12,447        11,247         26,963

Forward Contract Net:    43,085  17,768   60,853        68,057         46,035



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   16,649     63.9     685-1,151     937   246.95-301.95   263.41

65 - 80% Choice   21,965     64.4     693-1,034     923   246.89-269.20   258.70

35 - 65% Choice   35,913     64.3     670-1,057     888   247.62-269.54   257.30

 0 - 35% Choice   18,909     63.6     714-1,058     912   238.21-286.75   258.18

Total all grades  93,436     64.1     670-1,151     910   238.21-301.95   258.90

HEIFER

Over 80% Choice   10,897     63.8     681-928       826   255.72-297.86   265.95

65 - 80% Choice   18,207     64.1     654-951       811   249.93-271.33   260.56

35 - 65% Choice   22,183     64.5     679-952       800   242.94-263.63   258.28

 0 - 35% Choice    5,281     64.1     664-940       838   253.20-263.02   258.42

Total all grades  56,568     64.2     654-952       812   242.94-297.86   260.50

MIXED STEER/HEIFER

Over 80% Choice    3,190     63.1     639-995       840   253.25-289.00   266.80

65 - 80% Choice    1,332     62.6     734-964       825   251.78-263.90   258.68

35 - 65% Choice    1,054     63.2     692-911       796   246.80-262.51   254.31

 0 - 35% Choice    5,286     63.0     690-1,016     840   240.60-279.47   257.70

Total all grades  10,862     63.0     639-1,016     834   240.60-289.00   260.16

ALL STEERS & HEIFERS

Total all grades 160,866     64.1     639-1,151     871   238.21-301.95   259.55

MIXED STEER/HEIFER/COW

Over 80% Choice    1,677     63.1     727-899       820   246.79-268.68   259.54

65 - 80% Choice    4,122     64.1     680-932       801   247.00-264.51   259.01

35 - 65% Choice    6,066     63.9     631-951       818   238.31-261.75   254.87

 0 - 35% Choice      617     61.2     715-985       882   236.62-257.81   245.19

Total all grades  12,482     63.7     631-985       816   236.62-268.68   256.39

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,701     61.3     680-932       843   245.99-269.77   255.10

65 - 80% Choice    3,383     61.5     634-963       836   241.11-259.64   252.62

35 - 65% Choice    3,690     61.7     762-917       844   241.81-258.03   252.09

 0 - 35% Choice      598     60.7     742-965       862   247.00-256.20   251.50

Total all grades  10,372     61.5     634-965       842   241.11-269.77   253.01



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    3,354     63.2   1,274-1,676   1,442   164.00-187.14   174.68

65 - 80% Choice    4,882     63.4   1,235-1,645   1,480   161.00-166.90   165.41

35 - 65% Choice    6,638     63.3   1,147-1,561   1,403   159.00-166.40   164.56

 0 - 35% Choice      792     63.3   1,295-1,556   1,428   162.00-165.50   164.62

Total all grades  15,666     63.3   1,147-1,676   1,436   159.00-187.14   166.99

HEIFER

Over 80% Choice    2,440     63.3   1,170-1,494   1,343   163.00-191.32   171.58

65 - 80% Choice    1,397     64.5   1,178-1,388   1,276   159.00-166.90   163.80

35 - 65% Choice    3,437     63.3   1,094-1,443   1,248   161.00-165.75   164.29

 0 - 35% Choice      895     63.4   1,065-1,401   1,303   164.00-165.00   164.61

Total all grades   8,169     63.5   1,065-1,494   1,287   159.00-191.32   166.42

MIXED STEER/HEIFER

Over 80% Choice    1,624     63.0   1,291-1,532   1,386   163.00-181.00   168.08

65 - 80% Choice      306     63.4   1,289-1,445   1,354   159.00-165.50   163.70

35 - 65% Choice      873     63.0   1,091-1,505   1,223   163.50-165.00   164.08

 0 - 35% Choice                          -                      -

Total all grades   2,803     63.1   1,091-1,532   1,332   159.00-181.00   166.35

ALL STEERS & HEIFERS

Total all grades  26,638     63.4   1,065-1,676   1,380   159.00-191.32   166.75

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       50     62.5   1,508-1,508   1,508   164.00-164.00   164.00

35 - 65% Choice       84     63.0   1,221-1,221   1,221   164.00-164.00   164.00

 0 - 35% Choice      123     63.2   1,178-1,404   1,286   164.00-164.00   164.00

Total all grades     257     63.0   1,178-1,508   1,308   164.00-164.00   164.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      226     60.6   1,272-1,385   1,355   151.76-157.00   154.43

65 - 80% Choice      678     60.6   1,281-1,431   1,365   151.20-160.00   154.67

35 - 65% Choice    1,331     61.1   1,289-1,471   1,374   150.00-158.00   155.66

 0 - 35% Choice                          -                      -

Total all grades   2,235     60.9   1,272-1,471   1,370   150.00-160.00   155.24



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      597     62.7     727-946       846   245.41-276.25   258.42

65 - 80% Choice      113     65.2     761-952       871   253.20-258.00   256.09

35 - 65% Choice      450     64.2     729-953       885   234.93-259.15   256.85

 0 - 35% Choice    2,465     63.2     770-1,019     938   248.43-258.50   258.10

Total all grades   3,625     63.3     727-1,019     914   234.93-276.25   257.93

HEIFER

Over 80% Choice      462     63.2     726-898       857   254.00-265.64   260.05

65 - 80% Choice      371     63.8     776-833       822   243.81-264.10   253.00

35 - 65% Choice      391     64.7     716-861       787   256.00-258.00   256.78

 0 - 35% Choice    1,770     64.0     797-929       872   258.00-258.50   258.16

Total all grades   2,994     64.0     716-929       852   243.81-265.64   257.63

MIXED STEER/HEIFER

Over 80% Choice    1,760     63.0     716-946       823   242.36-265.58   257.42

65 - 80% Choice      470     63.1     753-981       860   247.98-260.46   253.77

35 - 65% Choice      397     61.9     666-918       799   234.43-258.73   250.66

 0 - 35% Choice      106     62.9     683-833       771   237.89-247.61   244.25

Total all grades   2,733     62.9     666-981       824   234.43-265.58   255.30

ALL STEERS & HEIFERS

Total all grades   9,352     63.4     666-1,019     868   234.43-276.25   257.07

MIXED STEER/HEIFER/COW

Over 80% Choice      162     61.7     795-796       795   249.90-258.63   254.91

65 - 80% Choice      575     63.6     757-972       857   243.85-256.00   254.57

35 - 65% Choice      228     61.8     699-883       799   234.82-252.00   243.19

 0 - 35% Choice      598     58.7     848-1,027     932   238.00-245.90   240.58

Total all grades   1,563     61.3     699-1,027     871   234.82-258.63   247.60

DAIRYBRED STEER/HEIFER

Over 80% Choice      711     60.3     766-953       852   243.35-255.43   248.49

65 - 80% Choice      354     59.9     701-879       816   234.77-252.15   243.56

35 - 65% Choice      119     60.2     774-837       802   233.34-244.37   239.76

 0 - 35% Choice       13     54.7     792-792       792   236.38-236.38   236.38

Total all grades   1,197     60.1     701-953       836   233.34-255.43   246.04



                        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                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice       46     62.5   1,100-1,100   1,100   162.41-162.41   162.41

 0 - 35% Choice                          -                      -

Total all grades      46     62.5   1,100-1,100   1,100   162.41-162.41   162.41

MIXED STEER/HEIFER

Over 80% Choice       89     63.0   1,253-1,253   1,253   162.00-162.00   162.00

65 - 80% Choice       80     62.6   1,234-1,234   1,234   165.50-165.50   165.50

35 - 65% Choice      120     63.6   1,160-1,354   1,220   161.40-165.00   163.89

 0 - 35% Choice                          -                      -

Total all grades     289     63.1   1,160-1,354   1,234   161.40-165.50   163.75

ALL STEERS & HEIFERS

Total all grades     335     63.0   1,100-1,354   1,215   161.40-165.50   163.57

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

 No Reportable Trade.



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    6,139     62.5     722-1,079     917   202.44-277.78   225.70

65 - 80% Choice    5,149     63.1     721-1,085     931   194.60-275.54   230.95

35 - 65% Choice    7,869     64.0     729-1,020     925   194.96-272.17   244.06

 0 - 35% Choice    1,283     64.2     766-910       842   206.28-254.59   238.94

Total all grades  20,440     63.3     721-1,085     919   194.60-277.78   234.92

HEIFER

Over 80% Choice    5,532     64.1     768-963       875   202.75-250.56   235.67

65 - 80% Choice    6,252     64.1     669-938       843   209.13-276.65   234.94

35 - 65% Choice    1,974     64.1     702-926       784   208.54-252.68   228.15

 0 - 35% Choice      451     63.5     765-920       843   212.96-253.97   239.56

Total all grades  14,209     64.1     669-963       847   202.75-276.65   234.43

MIXED STEER/HEIFER

Over 80% Choice      153     63.6     873-873       873   229.13-229.13   229.13

65 - 80% Choice      285     63.9     863-934       923   210.28-238.46   234.01

35 - 65% Choice                          -                      -

 0 - 35% Choice      987     64.7     784-885       850   211.81-236.66   229.71

Total all grades   1,425     64.4     784-934       867   210.28-238.46   230.51

ALL STEERS & HEIFERS

Total all grades  36,074     63.7     669-1,085     889   194.60-277.78   234.55

MIXED STEER/HEIFER/COW

Over 80% Choice      248     64.0     875-875       875   246.09-246.09   246.09

65 - 80% Choice      241     63.2     891-912       908   196.57-208.08   206.12

35 - 65% Choice      300     63.8     691-912       783   198.66-217.92   211.63

 0 - 35% Choice                          -                      -

Total all grades     789     63.7     691-912       850   196.57-246.09   220.78

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,385     61.7     687-953       772   196.75-248.73   208.52

65 - 80% Choice      359     61.1     789-874       823   195.98-221.94   206.49

35 - 65% Choice    1,547     61.7     774-938       827   184.43-251.13   210.79

 0 - 35% Choice    1,931     60.9     783-862       831   181.16-258.17   233.32

Total all grades   6,222     61.4     687-953       807   181.16-258.17   216.67



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    4,331     63.8   1,150-1,597   1,458   135.71-184.31   156.21

65 - 80% Choice    2,207     63.7   1,400-1,601   1,497   134.60-162.00   150.73

35 - 65% Choice    5,140     63.9   1,087-1,554   1,400   142.50-162.75   154.26

 0 - 35% Choice                          -                      -

Total all grades  11,678     63.8   1,087-1,601   1,440   134.60-184.31   154.32

HEIFER

Over 80% Choice    1,284     63.5   1,173-1,419   1,285   131.80-168.76   157.76

65 - 80% Choice      407     63.5   1,200-1,410   1,315   143.21-156.00   147.24

35 - 65% Choice    1,415     63.7   1,150-1,414   1,264   129.18-162.00   150.96

 0 - 35% Choice                          -                      -

Total all grades   3,106     63.6   1,150-1,419   1,279   129.18-168.76   153.28

MIXED STEER/HEIFER

Over 80% Choice      260     63.8   1,275-1,438   1,326   121.56-169.52   156.76

65 - 80% Choice      120     63.2   1,431-1,431   1,431   148.72-148.72   148.72

35 - 65% Choice      145     65.0   1,367-1,367   1,367   138.98-138.98   138.98

 0 - 35% Choice                          -                      -

Total all grades     525     64.0   1,275-1,438   1,361   121.56-169.52   150.01

ALL STEERS & HEIFERS

Total all grades  15,309     63.8   1,087-1,601   1,405   121.56-184.31   153.96

MIXED STEER/HEIFER/COW

Over 80% Choice      379     64.4   1,397-1,421   1,408   123.95-135.71   129.22

65 - 80% Choice      354     63.9   1,426-1,507   1,462   134.50-155.00   143.71

35 - 65% Choice      723     63.8   1,388-1,407   1,395   132.62-133.92   133.62

 0 - 35% Choice                          -                      -

Total all grades   1,456     64.0   1,388-1,507   1,414   123.95-155.00   134.93

DAIRYBRED STEER/HEIFER

Over 80% Choice      434     61.1   1,297-1,373   1,360   113.97-130.00   124.83

65 - 80% Choice      402     60.9   1,301-1,434   1,401   120.23-151.22   130.05

35 - 65% Choice      132     60.0   1,372-1,372   1,372   124.30-124.30   124.30

 0 - 35% Choice       35     60.5   1,232-1,232   1,232   113.97-113.97   113.97

Total all grades   1,003     60.8   1,232-1,434   1,373   113.97-151.22   126.48



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                60,585    53,523        835    257.35    255.05

KANSAS                  28,619    27,831        849    261.72    256.14

NEBRASKA                34,211    29,169        922    260.51    256.98

COLORADO                16,161    19,919        905    260.48    257.36

WESTERN CORNBELT         8,335    11,186        956    260.04    257.29

 TOTAL 5-AREA          147,482   141,351        872    259.41    256.16

N.CENTRAL/E.MT           3,611     4,812        886    265.00    260.89

WESTERN STATES           8,192    11,325        835    259.65    257.15

EASTERN CORNBELT           836       509        879    259.17    258.82

NORTHEASTERN STATE          57                  860    256.75



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 8,862    11,390      1,314    166.40    164.20

KANSAS                   8,283     8,010      1,359    165.66    164.10

NEBRASKA                 6,378     6,601      1,481    167.30    165.79

COLORADO                 1,505       485      1,425    165.76    164.30

WESTERN CORNBELT         1,043       606      1,350    171.44    167.09

 TOTAL 5-AREA           26,001    27,092      1,377    166.53    164.62

N.CENTRAL/E.MT             567       400      1,485    175.81    178.75

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,952     5,005        828    245.53    238.85

KANSAS                   6,912     7,692        904    249.59    247.17

NEBRASKA                 9,039    11,212        890    233.13    224.42

COLORADO                 4,839     2,061        927    229.07    232.22

WESTERN CORNBELT         3,427     6,529        891    223.60    215.33

 TOTAL 5-AREA           29,129    32,459        889    237.37    230.72

N.CENTRAL/E.MT           2,645     3,847        930    220.41    220.06

WESTERN STATES           1,905     1,503        901    232.22    234.44

EASTERN CORNBELT         1,294     1,254        814    213.87    214.11

NORTHEASTERN STATE       1,061       916        839    222.57    221.85



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 5,245     5,181      1,383    156.51    156.48

KANSAS                     805     2,186      1,393    157.38    159.89

NEBRASKA                 4,068     4,262      1,405    160.01    154.89

COLORADO

WESTERN CORNBELT         2,451     2,642      1,462    144.79    140.58

 TOTAL 5-AREA           12,569    14,271      1,406    155.41    153.58

N.CENTRAL/E.MT           1,721     1,104      1,476    146.55    148.10

WESTERN STATES             565       252      1,123    145.25    144.79

EASTERN CORNBELT           454       436      1,441    152.68    140.38

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   511       484        809    255.84    252.18

KANSAS                      86        53        743    259.24    246.57

NEBRASKA                 4,918     3,664        899    258.15    253.71

COLORADO                    28        14        842    265.10    250.87

WESTERN CORNBELT         1,434     1,426        830    256.42    254.08

 TOTAL 5-AREA            6,826     5,566        876    257.53    253.54

N.CENTRAL/E.MT             766       678        905    258.67    256.45

WESTERN STATES

EASTERN CORNBELT         1,153     1,165        817    255.00    250.52

NORTHEASTERN STATE         408       417        820    250.88    250.31



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   246        82      1,202    164.14    161.00

KANSAS

NEBRASKA                    89                1,253    162.00

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA              335        82      1,215    163.57    161.00

N.CENTRAL/E.MT                        45                         154.89

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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