Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO     Mon, Nov 3, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 11/02/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            161,964  24,564  186,528       212,850        220,795

Negotiated Grid Net:     12,030   1,578   13,608        12,447         25,455

Forward Contract Net:    43,056  18,747   61,803        60,853         41,415



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   12,857     63.7     760-1,096     943   250.78-301.34   265.00

65 - 80% Choice   17,387     64.6     730-1,053     909   253.91-275.13   261.94

35 - 65% Choice   28,482     64.5     691-1,031     900   246.07-279.45   262.44

 0 - 35% Choice   22,380     63.8     728-1,026     931   247.63-285.44   264.69

Total all grades  81,106     64.2     691-1,096     917   246.07-301.34   263.36

HEIFER

Over 80% Choice    9,876     63.6     668-971       835   257.78-296.93   269.23

65 - 80% Choice   13,435     64.2     678-924       815   252.54-273.45   262.40

35 - 65% Choice   15,235     64.5     711-888       801   251.54-292.50   261.35

 0 - 35% Choice    5,411     64.1     679-925       830   255.51-285.91   265.46

Total all grades  43,957     64.1     668-971       816   251.54-296.93   263.95

MIXED STEER/HEIFER

Over 80% Choice    4,502     63.5     690-998       835   255.76-294.49   269.04

65 - 80% Choice    3,125     63.2     710-936       838   243.63-272.92   264.42

35 - 65% Choice    2,279     63.7     681-918       801   250.42-269.67   261.26

 0 - 35% Choice    3,476     62.9     628-1,036     842   243.81-266.35   260.21

Total all grades  13,382     63.3     628-1,036     832   243.63-294.49   264.34

ALL STEERS & HEIFERS

Total all grades 138,445     64.1     628-1,096     877   243.63-301.34   263.64

MIXED STEER/HEIFER/COW

Over 80% Choice    1,002     63.5     827-914       856   257.13-267.56   264.40

65 - 80% Choice    2,093     63.6     720-900       848   251.20-266.85   260.03

35 - 65% Choice    4,134     63.9     652-964       822   236.11-269.18   258.40

 0 - 35% Choice      720     62.8     659-1,136     902   234.81-264.44   253.71

Total all grades   7,949     63.7     652-1,136     840   234.81-269.18   259.16

DAIRYBRED STEER/HEIFER

Over 80% Choice    5,033     61.7     743-943       840   248.09-267.65   257.45

65 - 80% Choice    4,159     61.8     743-967       843   246.12-266.69   256.46

35 - 65% Choice    3,843     61.9     631-915       851   236.07-267.69   254.69

 0 - 35% Choice    2,535     61.8     610-928       849   247.74-263.70   259.84

Total all grades  15,570     61.8     610-967       845   236.07-267.69   256.89



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,365     63.2   1,150-1,676   1,498   163.00-198.26   175.25

65 - 80% Choice    3,107     63.4   1,232-1,649   1,450   165.00-194.35   169.79

35 - 65% Choice    6,421     63.2   1,118-1,649   1,377   156.00-172.00   168.16

 0 - 35% Choice      998     62.7   1,250-1,617   1,370   158.00-172.00   167.37

Total all grades  12,891     63.2   1,118-1,676   1,416   156.00-198.26   169.79

HEIFER

Over 80% Choice    1,990     63.5   1,140-1,351   1,295   164.00-192.57   171.99

65 - 80% Choice    1,630     63.4   1,160-1,537   1,292   163.91-172.00   169.22

35 - 65% Choice    2,264     63.5   1,129-1,417   1,221   162.00-172.00   168.18

 0 - 35% Choice      272     62.0   1,153-1,153   1,153   170.00-170.00   170.00

Total all grades   6,156     63.4   1,129-1,537   1,261   162.00-192.57   169.77

MIXED STEER/HEIFER

Over 80% Choice    1,543     63.2   1,185-1,529   1,367   163.00-185.65   175.55

65 - 80% Choice      549     60.9   1,229-1,454   1,278   163.14-172.00   167.38

35 - 65% Choice      280     62.5   1,206-1,392   1,310   164.00-172.00   170.76

 0 - 35% Choice      603     63.4   1,238-1,644   1,441   164.50-172.00   165.47

Total all grades   2,975     62.7   1,185-1,644   1,360   163.00-185.65   171.55

ALL STEERS & HEIFERS

Total all grades  22,022     63.2   1,118-1,676   1,365   156.00-198.26   170.02

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice      741     61.5   1,341-1,493   1,404   149.84-163.96   159.28

65 - 80% Choice      575     61.7   1,262-1,414   1,369   155.96-169.88   158.07

35 - 65% Choice    1,226     61.0   1,270-1,426   1,354   153.00-162.00   157.75

 0 - 35% Choice                          -                      -

Total all grades   2,542     61.3   1,262-1,493   1,372   149.84-169.88   158.27



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      889     63.4     699-970       883   247.14-267.22   259.56

65 - 80% Choice      592     63.1     723-1,027     901   241.06-269.55   253.25

35 - 65% Choice      835     63.4     759-971       899   234.30-265.00   259.84

 0 - 35% Choice    1,028     63.5     834-975       925   254.98-265.00   260.42

Total all grades   3,344     63.4     699-1,027     903   234.30-269.55   258.78

HEIFER

Over 80% Choice       44     62.5     786-786       786   263.49-263.49   263.49

65 - 80% Choice      444     62.9     743-888       842   258.47-262.11   259.46

35 - 65% Choice      561     64.5     760-943       850   251.57-267.95   258.29

 0 - 35% Choice      957     63.9     760-901       844   257.00-265.00   257.48

Total all grades   2,006     63.8     743-943       844   251.57-267.95   258.28

MIXED STEER/HEIFER

Over 80% Choice    1,368     63.4     719-955       817   249.67-272.75   260.07

65 - 80% Choice      447     62.7     725-912       808   253.76-262.93   257.15

35 - 65% Choice      295     61.9     663-875       816   242.13-259.15   248.94

 0 - 35% Choice      662     63.0     769-960       854   244.73-265.00   257.39

Total all grades   2,772     63.0     663-960       824   242.13-272.75   257.78

ALL STEERS & HEIFERS

Total all grades   8,122     63.4     663-1,027     862   234.30-272.75   258.31

MIXED STEER/HEIFER/COW

Over 80% Choice      190     62.3     756-864       815   251.50-257.48   254.08

65 - 80% Choice      307     63.8     803-924       862   246.42-258.00   253.55

35 - 65% Choice      533     62.1     734-966       845   230.40-264.00   251.01

 0 - 35% Choice      837     59.4     856-1,030     946   238.00-245.75   240.86

Total all grades   1,867     61.2     734-1,030     890   230.40-264.00   247.19

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,304     60.7     732-1,049     865   244.16-260.86   249.70

65 - 80% Choice      330     60.2     785-955       835   242.59-261.79   249.42

35 - 65% Choice      347     60.2     716-961       840   231.62-259.00   246.86

 0 - 35% Choice       60     60.1     870-943       906   231.26-240.19   235.73

Total all grades   2,041     60.5     716-1,049     857   231.26-261.79   248.76



                        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       97     61.7   1,420-1,420   1,420   162.68-162.68   162.68

Total all grades      97     61.7   1,420-1,420   1,420   162.68-162.68   162.68

HEIFER

Over 80% Choice       67     63.2   1,227-1,227   1,227   164.00-164.00   164.00

65 - 80% Choice                          -                      -

35 - 65% Choice      219     63.0   1,099-1,182   1,120   164.00-164.00   164.00

 0 - 35% Choice                          -                      -

Total all grades     286     63.0   1,099-1,227   1,145   164.00-164.00   164.00

MIXED STEER/HEIFER

Over 80% Choice       76     61.9   1,343-1,343   1,343   162.56-162.56   162.56

65 - 80% Choice       78     63.7   1,218-1,262   1,238   159.14-161.83   160.35

35 - 65% Choice      736     62.1   1,082-1,394   1,255   162.55-165.50   164.85

 0 - 35% Choice       16     63.4   1,205-1,205   1,205   165.50-165.50   165.50

Total all grades     906     62.3   1,082-1,394   1,260   159.14-165.50   164.28

ALL STEERS & HEIFERS

Total all grades   1,289     62.4   1,082-1,420   1,246   159.14-165.50   164.10

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      113     60.8   1,291-1,338   1,308   150.46-156.00   154.04

 0 - 35% Choice      176     61.1   1,225-1,225   1,225   152.87-152.87   152.87

Total all grades     289     61.0   1,225-1,338   1,257   150.46-156.00   153.33



                      FORWARD CONTRACT NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    6,254     62.5     729-1,066     912   198.97-265.01   224.16

65 - 80% Choice    5,710     63.5     726-1,052     937   196.80-264.03   228.47

35 - 65% Choice    7,844     63.9     726-985       900   193.09-269.90   247.80

 0 - 35% Choice    3,032     63.7     695-1,025     911   197.21-266.49   239.83

Total all grades  22,840     63.4     695-1,066     914   193.09-269.90   235.43

HEIFER

Over 80% Choice    4,176     63.8     745-938       850   211.34-265.01   232.52

65 - 80% Choice    3,246     63.8     763-976       846   210.28-264.52   239.12

35 - 65% Choice      946     64.4     718-881       820   240.61-253.23   246.04

 0 - 35% Choice    1,670     63.9     676-986       859   205.53-253.28   220.60

Total all grades  10,038     63.9     676-986       847   205.53-265.01   233.95

MIXED STEER/HEIFER

Over 80% Choice       12     63.1     982-982       982   236.51-236.51   236.51

65 - 80% Choice      170     63.0     702-801       766   236.11-240.18   237.83

35 - 65% Choice                          -                      -

 0 - 35% Choice      847     64.3     763-956       876   206.64-235.55   218.99

Total all grades   1,029     64.0     702-982       859   206.64-240.18   222.30

ALL STEERS & HEIFERS

Total all grades  33,907     63.6     676-1,066     893   193.09-269.90   234.60

MIXED STEER/HEIFER/COW

Over 80% Choice      239     64.3     884-884       884   253.34-253.34   253.34

65 - 80% Choice      419     63.5     816-877       851   219.09-249.48   236.86

35 - 65% Choice      346     63.2     685-892       850   189.75-237.71   211.75

 0 - 35% Choice                          -                      -

Total all grades   1,004     63.6     685-892       858   189.75-253.34   232.13

DAIRYBRED STEER/HEIFER

Over 80% Choice    2,963     61.6     731-957       784   195.06-261.75   214.24

65 - 80% Choice    1,281     61.7     733-910       789   189.70-254.08   210.97

35 - 65% Choice    1,493     61.4     728-868       810   192.41-243.64   208.22

 0 - 35% Choice    2,408     61.4     719-883       825   195.55-257.93   233.28

Total all grades   8,145     61.5     719-957       802   189.70-261.75   218.25



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,542     63.9   1,200-1,583   1,451   134.77-190.75   153.25

65 - 80% Choice    3,360     63.6   1,159-1,604   1,476   128.51-162.75   152.96

35 - 65% Choice    4,894     63.8   1,178-1,500   1,431   127.20-170.20   157.87

 0 - 35% Choice      140     64.7   1,375-1,444   1,383   138.12-162.00   159.27

Total all grades  10,936     63.8   1,159-1,604   1,449   127.20-190.75   155.31

HEIFER

Over 80% Choice    2,225     63.7   1,250-1,488   1,354   130.90-168.76   151.98

65 - 80% Choice    1,690     63.9   1,170-1,475   1,314   131.05-162.75   151.21

35 - 65% Choice    1,531     63.6   1,150-1,403   1,292   143.60-170.20   162.57

 0 - 35% Choice                          -                      -

Total all grades   5,446     63.8   1,150-1,488   1,324   130.90-170.20   154.72

MIXED STEER/HEIFER

Over 80% Choice      388     62.4   1,305-1,450   1,368   130.00-156.77   146.39

65 - 80% Choice      136     63.2   1,150-1,336   1,278   127.48-137.57   134.94

35 - 65% Choice       95     63.2   1,333-1,333   1,333   150.10-150.10   150.10

 0 - 35% Choice      253     63.5   1,334-1,334   1,334   128.89-145.18   137.84

Total all grades     872     62.9   1,150-1,450   1,340   127.48-156.77   142.53

ALL STEERS & HEIFERS

Total all grades  17,254     63.7   1,150-1,604   1,404   127.20-190.75   154.47

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice      483     64.8   1,135-1,469   1,433   144.33-154.60   149.66

35 - 65% Choice      126     64.7   1,332-1,332   1,332   135.58-135.58   135.58

 0 - 35% Choice                          -                      -

Total all grades     609     64.7   1,135-1,469   1,412   135.58-154.60   146.75

DAIRYBRED STEER/HEIFER

Over 80% Choice      205     61.4   1,273-1,427   1,346   121.00-151.77   131.49

65 - 80% Choice      358     61.1   1,332-1,425   1,345   116.00-129.37   122.72

35 - 65% Choice                          -                      -

 0 - 35% Choice      321     61.8   1,304-1,363   1,341   119.50-128.75   123.01

Total all grades     884     61.4   1,273-1,427   1,344   116.00-151.77   124.86



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                44,147    60,585        839    262.41    257.35

KANSAS                  27,464    28,619        853    262.80    261.72

NEBRASKA                28,308    34,211        920    264.43    260.51

COLORADO                13,700    16,161        910    265.17    260.48

WESTERN CORNBELT        11,827     8,335        969    264.95    260.04

 TOTAL 5-AREA          125,087   147,482        881    263.49    259.41

N.CENTRAL/E.MT           3,168     3,611        857    266.49    265.00

WESTERN STATES           8,734     8,192        839    265.12    259.65

EASTERN CORNBELT           950       836        853    261.38    259.17

NORTHEASTERN STATE                    57                         256.75



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 5,940     8,862      1,307    170.02    166.40

KANSAS                   9,391     8,283      1,362    169.51    165.66

NEBRASKA                 4,549     6,378      1,436    170.09    167.30

COLORADO                 1,004     1,505      1,441    167.16    165.76

WESTERN CORNBELT         1,026     1,043      1,335    176.15    171.44

 TOTAL 5-AREA           21,784    26,001      1,364    169.91    166.53

N.CENTRAL/E.MT             112       567      1,451    180.63    175.81

WESTERN STATES

EASTERN CORNBELT

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,810     4,952        858    251.03    245.53

KANSAS                   4,989     6,912        909    255.41    249.59

NEBRASKA                12,518     9,039        907    231.32    233.13

COLORADO                 2,432     4,839        878    228.80    229.07

WESTERN CORNBELT         3,576     3,427        924    217.21    223.60

 TOTAL 5-AREA           28,285    29,129        899    236.93    237.37

N.CENTRAL/E.MT             965     2,645        938    219.52    220.41

WESTERN STATES           2,001     1,905        874    230.20    232.22

EASTERN CORNBELT         1,555     1,294        822    217.00    213.87

NORTHEASTERN STATE       1,025     1,061        834    219.08    222.57



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,039     5,245      1,379    154.29    156.51

KANSAS                   4,158       805      1,403    165.03    157.38

NEBRASKA                 3,454     4,068      1,365    152.61    160.01

COLORADO

WESTERN CORNBELT         3,595     2,451      1,443    148.68    144.79

 TOTAL 5-AREA           15,166    12,569      1,399    155.48    155.41

N.CENTRAL/E.MT           1,797     1,721      1,472    147.69    146.55

WESTERN STATES                       565                         145.25

EASTERN CORNBELT           211       454      1,298    137.18    152.68

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 1,012       511        856    258.93    255.84

KANSAS                                86                         259.24

NEBRASKA                 3,238     4,918        882    259.65    258.15

COLORADO                    80        28        842    242.13    265.10

WESTERN CORNBELT           805     1,434        854    256.24    256.42

 TOTAL 5-AREA            5,046     6,826        873    258.67    257.53

N.CENTRAL/E.MT           1,025       766        895    258.55    258.67

WESTERN STATES

EASTERN CORNBELT         1,563     1,153        815    258.18    255.00

NORTHEASTERN STATE         295       408        814    251.68    250.88



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                   907       246      1,211    164.82    164.14

KANSAS                     228                1,356    163.03

NEBRASKA                    76        89      1,343    162.56    162.00

COLORADO

WESTERN CORNBELT            35                1,262    161.83

 TOTAL 5-AREA            1,246       335      1,247    164.27    163.57

N.CENTRAL/E.MT

WESTERN STATES

EASTERN CORNBELT            43                1,218    159.14

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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