Advice and Tips

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Import

LM_CT152

St. Joseph, MO   Mon, May 12, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 05/11/2014



                              IMPORTED CATTLE ONLY



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

Formula Net:              4,039       0   4,039         3,438          1,916

Negotiated Grid Net:        189       0     189            96            444

Forward Contract Net:     4,221       0   4,221         3,891          3,422

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

                          FORMULA NET:  Dressed Basis



                   Head    Wtd Avg     Weight     Avg        Price           Avg

                  Count  Dress Pct     Range       Wt        Range         Price

STEER

Over 80% Choice      251    62.2    895-895       895    234.34-234.34    234.34

65 - 80% Choice      871    61.8    800-894       848    217.64-238.51    228.45

35 - 65% Choice      728    63.1    800-840       817    226.78-229.87    228.14

 0 - 35% Choice                        -                       -

Total all grades   1,850    62.4    800-895       842    217.64-238.51    229.12

HEIFER

 No Reportable Trade.

MIXED STEER/HEIFER

Over 80% Choice      150    62.4    812-898       862    232.34-239.75    234.39

65 - 80% Choice      109    60.6    808-844       814    231.12-236.44    232.05

35 - 65% Choice                        -                       -

 0 - 35% Choice                        -                       -

Total all grades     259    61.6    808-898       842    231.12-239.75    233.40

ALL STEERS & HEIFERS

                   2,109    62.3    800-898       842    217.64-239.75    229.65

MIXED STEER/HEIFER/COW

Over 80% Choice                        -                       -

65 - 80% Choice    1,168    63.5    775-908       818    223.28-234.84    227.20

35 - 65% Choice      134    63.2    848-848       848    223.50-223.50    223.50

 0 - 35% Choice                        -                       -

Total all grades   1,302    63.4    775-908       821    223.28-234.84    226.82

DAIRYBRED STEER/HEIFER

Over 80% Choice      472    59.7    693-820       803    229.58-232.22    229.74

65 - 80% Choice      156    59.3    770-770       770    232.22-232.22    232.22

35 - 65% Choice                        -                       -

 0 - 35% Choice                        -                       -

Total all grades     628    59.6    693-820       795    229.58-232.22    230.35

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

                            FORMULA NET:  Live Basis

 No Reportable Trade.

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

                      NEGOTIATED GRID NET:  Dressed Basis



                   Head    Wtd Avg     Weight     Avg        Price           Avg

                  Count  Dress Pct     Range       Wt        Range         Price

STEER

Over 80% Choice                        -                       -

65 - 80% Choice       26    61.0    771-771       771    236.50-236.50    236.50

35 - 65% Choice      125    61.8    770-851       809    225.46-237.41    233.72

 0 - 35% Choice       14    58.7    682-682       682    212.32-212.32    212.32

Total all grades     165    61.4    682-851       792    212.32-237.41    232.34

HEIFER

Over 80% Choice       24    61.0    720-720       720    236.50-236.50    236.50

65 - 80% Choice                        -                       -

35 - 65% Choice                        -                       -

 0 - 35% Choice                        -                       -

Total all grades      24    61.0    720-720       720    236.50-236.50    236.50

MIXED STEER/HEIFER

 No Reportable Trade.

ALL STEERS & HEIFERS

                     189    61.3    682-851       783    212.32-237.41    232.87

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

 No Reportable Trade.

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

                        NEGOTIATED GRID NET:  Live Basis

 No Reportable Trade.

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

                      FORWARD CONTRACT NET:  Dressed Basis



                   Head    Wtd Avg     Weight     Avg        Price           Avg

                  Count  Dress Pct     Range       Wt        Range         Price

STEER

Over 80% Choice      254    61.3    903-903       903    209.49-209.49    209.49

65 - 80% Choice    1,334    62.2    800-890       860    205.71-224.13    212.79

35 - 65% Choice    1,058    61.6    807-893       835    207.71-211.59    210.39

 0 - 35% Choice                        -                       -

Total all grades   2,646    61.8    800-903       854    205.71-224.13    211.51

HEIFER

Over 80% Choice       95    61.9    768-768       768    221.68-221.68    221.68

65 - 80% Choice      300    63.3    705-705       705    210.48-210.48    210.48

35 - 65% Choice                        -                       -

 0 - 35% Choice                        -                       -

Total all grades     395    63.0    705-768       720    210.48-221.68    213.17

MIXED STEER/HEIFER

Over 80% Choice      255    61.7    809-937       848    219.19-222.03    220.14

65 - 80% Choice      785    61.7    754-893       795    210.32-234.09    221.01

35 - 65% Choice      140    63.2    802-820       815    212.08-213.03    212.45

 0 - 35% Choice                        -                       -

Total all grades   1,180    61.9    754-937       809    210.32-234.09    219.80

ALL STEERS & HEIFERS

                   4,221    62.0    705-937       829    205.71-234.09    213.99

MIXED STEER/HEIFER/COW

 No Reportable Trade.

DAIRYBRED STEER/HEIFER

 No Reportable Trade.

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

                       FORWARD CONTRACT NET:  Live Basis

 No Reportable Trade.

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





Source:    USDA Market News Service, St. Joseph, MO

            816-676-7000    email:  stjoe.lpgmn@usda.gov

           www.ams.usda.gov/LSMarketNews



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