Markets

Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

LM_CT151

St Joseph, MO    Mon Nov 24, 2014    USDA Market News Service



NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT

For Cattle Price During The Week Ending Sunday, 11/23/2014



                               DOMESTIC CATTLE ONLY



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

Formula Net:            169,734  29,276  199,010       190,161        217,706

Negotiated Grid Net:     10,402     715   11,117         8,916         21,337

Forward Contract Net:    65,076  24,284   89,360        70,471         62,084



                           FORMULA NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice   15,237     63.9     746-1,117     946   243.45-301.53   268.90

65 - 80% Choice   20,720     64.6     721-1,050     906   256.08-279.55   264.66

35 - 65% Choice   30,122     64.5     726-1,065     899   240.10-272.42   263.72

 0 - 35% Choice   18,320     63.8     757-1,044     933   251.96-278.43   264.52

Total all grades  84,399     64.3     721-1,117     916   240.10-301.53   265.06

HEIFER

Over 80% Choice    9,483     63.9     697-1,002     836   260.71-297.10   269.55

65 - 80% Choice   18,681     64.4     710-998       813   248.35-298.33   265.76

35 - 65% Choice   16,029     64.4     671-942       798   248.88-274.04   264.15

 0 - 35% Choice    4,809     64.3     724-938       844   246.29-268.68   264.74

Total all grades  49,002     64.3     671-1,002     815   246.29-298.33   265.87

MIXED STEER/HEIFER

Over 80% Choice    5,388     63.3     721-1,014     871   256.05-295.13   274.88

65 - 80% Choice    1,866     63.4     629-1,054     849   255.43-290.15   266.59

35 - 65% Choice    2,368     63.6     682-938       799   249.73-270.72   261.59

 0 - 35% Choice    2,571     61.9     712-968       797   255.44-267.80   262.84

Total all grades  12,193     63.1     629-1,054     838   249.73-295.13   268.49

ALL STEERS & HEIFERS

Total all grades 145,594     64.2     629-1,117     876   240.10-301.53   265.62

MIXED STEER/HEIFER/COW

Over 80% Choice    1,388     63.8     682-946       820   253.98-277.19   268.70

65 - 80% Choice    5,088     64.0     708-992       831   251.64-275.73   265.39

35 - 65% Choice    4,097     64.1     627-995       818   235.66-269.26   260.65

 0 - 35% Choice      211     59.2     933-1,048   1,007   242.74-244.43   243.35

Total all grades  10,784     63.9     627-1,048     828   235.66-277.19   263.58

DAIRYBRED STEER/HEIFER

Over 80% Choice    4,977     61.9     745-988       872   250.94-274.22   260.34

65 - 80% Choice    3,478     61.7     665-939       854   244.68-267.80   259.73

35 - 65% Choice    3,568     61.5     648-913       835   238.91-267.00   259.12

 0 - 35% Choice    1,333     61.4     780-907       840   254.00-264.36   259.67

Total all grades  13,356     61.7     648-988       854   238.91-274.22   259.79



                            FORMULA NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,370     63.3   1,162-1,642   1,460   167.00-198.63   178.26

65 - 80% Choice    1,505     63.4   1,223-1,510   1,394   167.00-174.00   169.84

35 - 65% Choice   11,869     63.8   1,100-1,547   1,356   164.27-175.00   169.85

 0 - 35% Choice    1,469     63.5   1,145-1,467   1,328   164.00-174.00   169.17

Total all grades  17,213     63.6   1,100-1,642   1,371   164.00-198.63   170.95

HEIFER

Over 80% Choice    1,536     63.5   1,191-1,387   1,294   167.00-194.51   174.79

65 - 80% Choice    1,814     64.4   1,105-1,360   1,248   164.00-174.00   171.54

35 - 65% Choice    5,058     63.7   1,006-1,346   1,196   162.00-174.00   169.85

 0 - 35% Choice      128     62.7   1,074-1,192   1,112   169.21-174.00   170.74

Total all grades   8,536     63.8   1,006-1,387   1,224   162.00-194.51   171.11

MIXED STEER/HEIFER

Over 80% Choice      559     61.2   1,261-1,424   1,369   163.00-180.72   167.61

65 - 80% Choice                          -                      -

35 - 65% Choice      809     63.5   1,057-1,418   1,222   167.00-173.00   169.87

 0 - 35% Choice                          -                      -

Total all grades   1,368     62.6   1,057-1,424   1,282   163.00-180.72   168.95

ALL STEERS & HEIFERS

Total all grades  27,117     63.6   1,006-1,642   1,320   162.00-198.63   170.90

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice                          -                      -

35 - 65% Choice      127     61.9   1,513-1,673   1,581   159.00-159.00   159.00

 0 - 35% Choice       44     61.0   1,575-1,575   1,575   159.00-159.00   159.00

Total all grades     171     61.7   1,513-1,673   1,580   159.00-159.00   159.00

DAIRYBRED STEER/HEIFER

Over 80% Choice      432     61.4   1,324-1,467   1,419   155.21-164.00   158.00

65 - 80% Choice      874     61.8   1,275-1,473   1,385   157.90-167.64   163.39

35 - 65% Choice      616     61.1   1,301-1,446   1,370   155.00-164.00   161.46

 0 - 35% Choice       66     62.6   1,307-1,307   1,307   167.64-167.64   167.64

Total all grades   1,988     61.6   1,275-1,473   1,385   155.00-167.64   161.76



                       NEGOTIATED GRID NET:  Dressed Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice      823     63.4     675-1,006     903   249.68-271.62   263.59

65 - 80% Choice      492     61.4     765-996       888   251.34-270.66   264.97

35 - 65% Choice      240     62.1     649-943       815   249.89-259.75   253.16

 0 - 35% Choice    1,796     62.8     908-1,099     989   260.00-265.50   262.65

Total all grades   3,351     62.7     649-1,099     941   249.68-271.62   262.54

HEIFER

Over 80% Choice      465     63.8     751-885       845   263.00-270.32   266.14

65 - 80% Choice      211     64.9     840-858       856   263.50-265.11   263.69

35 - 65% Choice      131     63.4     998-998       998   254.83-254.83   254.83

 0 - 35% Choice      580     63.9     745-927       870   262.00-265.00   264.78

Total all grades   1,387     63.9     745-998       871   254.83-270.32   264.13

MIXED STEER/HEIFER

Over 80% Choice    1,818     63.1     696-913       812   251.76-275.23   265.18

65 - 80% Choice      430     63.3     725-987       854   254.84-268.15   262.71

35 - 65% Choice      199     60.0     747-911       803   251.60-264.48   260.58

 0 - 35% Choice       67     63.8     895-908       901   265.00-265.00   265.00

Total all grades   2,514     62.9     696-987       821   251.60-275.23   264.39

ALL STEERS & HEIFERS

Total all grades   7,252     63.0     649-1,099     886   249.68-275.23   263.48

MIXED STEER/HEIFER/COW

Over 80% Choice       59     63.1     792-887       860   256.08-257.32   256.65

65 - 80% Choice       94     63.4     774-929       849   252.51-259.15   256.47

35 - 65% Choice      446     62.5     791-904       857   242.10-264.00   257.25

 0 - 35% Choice      513     58.7     866-995       941   242.00-246.49   244.60

Total all grades   1,112     60.9     774-995       895   242.00-264.00   251.32

DAIRYBRED STEER/HEIFER

Over 80% Choice    1,487     59.0     746-939       846   245.07-264.53   255.62

65 - 80% Choice      249     58.5     793-891       836   241.33-257.01   250.03

35 - 65% Choice      290     58.3     739-863       817   237.91-253.52   245.14

 0 - 35% Choice       12     50.1     679-679       679   222.39-222.39   222.39

Total all grades   2,038     58.8     679-939       839   222.39-264.53   253.25



                        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       77     62.2   1,271-1,271   1,271   165.00-165.00   165.00

 0 - 35% Choice                          -                      -

Total all grades      77     62.2   1,271-1,271   1,271   165.00-165.00   165.00

HEIFER

 No Reportable Trade.

MIXED STEER/HEIFER

Over 80% Choice      502     62.8   1,274-1,415   1,298   163.48-171.00   164.66

65 - 80% Choice                          -                      -

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     502     62.8   1,274-1,415   1,298   163.48-171.00   164.66

ALL STEERS & HEIFERS

Total all grades     579     62.7   1,271-1,415   1,295   163.48-171.00   164.71

MIXED STEER/HEIFER/COW

Over 80% Choice                          -                      -

65 - 80% Choice       16     63.3   1,032-1,032   1,032   150.92-150.92   150.92

35 - 65% Choice      120     61.8   1,103-1,306   1,167   152.26-155.97   153.43

 0 - 35% Choice                          -                      -

Total all grades     136     62.0   1,032-1,306   1,151   150.92-155.97   153.14

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    7,170     62.2     748-1,092     929   198.97-268.32   234.29

65 - 80% Choice    8,596     63.9     731-1,029     928   199.17-273.61   236.55

35 - 65% Choice   13,738     64.1     652-1,017     909   195.45-275.59   245.96

 0 - 35% Choice    5,946     63.1     686-1,088     933   211.23-271.25   251.41

Total all grades  35,450     63.5     652-1,092     922   195.45-275.59   242.23

HEIFER

Over 80% Choice    4,928     63.3     700-965       862   207.95-273.67   241.50

65 - 80% Choice    9,567     64.0     731-960       840   214.59-272.91   250.93

35 - 65% Choice    3,933     64.3     708-966       800   214.59-273.50   255.81

 0 - 35% Choice      999     63.4     652-962       857   213.43-260.47   236.83

Total all grades  19,427     63.9     652-966       839   207.95-273.67   248.80

MIXED STEER/HEIFER

Over 80% Choice      176     63.4     799-884       831   224.92-266.95   239.83

65 - 80% Choice                          -                      -

35 - 65% Choice       14     62.8     887-887       887   246.84-246.84   246.84

 0 - 35% Choice      731     63.4     828-1,055     943   224.82-233.12   229.55

Total all grades     921     63.4     799-1,055     921   224.82-266.95   231.78

ALL STEERS & HEIFERS

Total all grades  55,798     63.6     652-1,092     893   195.45-275.59   244.35

MIXED STEER/HEIFER/COW

Over 80% Choice      483     63.2     868-903       884   215.08-226.51   220.88

65 - 80% Choice      174     63.5     792-792       792   239.88-239.88   239.88

35 - 65% Choice                          -                      -

 0 - 35% Choice                          -                      -

Total all grades     657     63.3     792-903       860   215.08-239.88   225.91

DAIRYBRED STEER/HEIFER

Over 80% Choice    3,502     61.5     695-1,001     794   198.43-262.92   219.39

65 - 80% Choice    1,438     61.7     759-918       826   186.88-258.28   230.64

35 - 65% Choice    2,254     61.0     700-906       809   195.72-261.13   214.20

 0 - 35% Choice    1,427     60.7     722-867       807   193.29-260.57   227.92

Total all grades   8,621     61.3     695-1,001     806   186.88-262.92   221.32



                        FORWARD CONTRACT NET:  Live Basis



                  Head    Wtd Avg       Weight     Avg       Price       Avg Net

                  Count  Dress Pct      Range       Wt       Range        Price

STEER

Over 80% Choice    2,374     64.1   1,200-1,580   1,469   134.60-192.76   156.68

65 - 80% Choice    3,323     64.0   1,131-1,597   1,402   138.75-172.15   159.17

35 - 65% Choice    5,712     64.0   1,212-1,530   1,429   128.00-172.15   166.61

 0 - 35% Choice      577     64.6   1,320-1,475   1,431   169.00-169.00   169.00

Total all grades  11,986     64.0   1,131-1,597   1,429   128.00-192.76   162.70

HEIFER

Over 80% Choice    2,385     63.8   1,200-1,610   1,380   134.01-169.75   148.48

65 - 80% Choice    2,240     64.3   1,150-1,507   1,285   140.00-172.15   153.26

35 - 65% Choice    4,645     64.0   1,107-1,437   1,292   132.96-172.15   153.84

 0 - 35% Choice                          -                      -

Total all grades   9,270     64.0   1,107-1,610   1,313   132.96-172.15   152.32

MIXED STEER/HEIFER

Over 80% Choice      406     64.0   1,197-1,531   1,315   134.50-161.50   156.14

65 - 80% Choice      194     63.1   1,145-1,346   1,180   132.50-162.37   137.73

35 - 65% Choice      414     62.4   1,061-1,075   1,068   158.83-158.87   158.85

 0 - 35% Choice                          -                      -

Total all grades   1,014     63.2   1,061-1,531   1,189   132.50-162.37   153.73

ALL STEERS & HEIFERS

Total all grades  22,270     64.0   1,061-1,610   1,370   128.00-192.76   157.97

MIXED STEER/HEIFER/COW

Over 80% Choice      206     63.3   1,165-1,598   1,377   138.02-139.47   138.72

65 - 80% Choice      137     62.2   1,280-1,380   1,352   134.12-164.00   145.16

35 - 65% Choice      870     64.6   1,296-1,440   1,347   136.12-144.88   141.90

 0 - 35% Choice                          -                      -

Total all grades   1,213     64.1   1,165-1,598   1,353   134.12-164.00   141.73

DAIRYBRED STEER/HEIFER

Over 80% Choice                          -                      -

65 - 80% Choice      308     61.9   1,337-1,398   1,374   121.50-130.50   127.72

35 - 65% Choice      493     61.0   1,309-1,529   1,441   124.21-141.46   128.01

 0 - 35% Choice                          -                      -

Total all grades     801     61.4   1,309-1,529   1,416   121.50-141.46   127.90



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



REGIONAL SECTION:

                      ALL STEERS AND HEIFERS (BEEF BREEDS)

                             FORMULA: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                50,765    45,576        837    264.44    262.49

KANSAS                  24,423    27,797        854    264.40    265.76

NEBRASKA                29,630    24,449        931    265.35    266.25

COLORADO                12,455    10,759        885    267.77    266.25

WESTERN CORNBELT        11,423    11,237        976    265.79    264.43

 TOTAL 5-AREA          128,157   119,294        879    265.06    264.51

N.CENTRAL/E.MT           5,149     6,751        899    273.61    270.46

WESTERN STATES          10,751     9,411        835    268.27    265.55

EASTERN CORNBELT           813       783        845    265.35    263.42

NORTHEASTERN STATE



                               FORMULA: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                12,737     6,648      1,241    169.71    170.28

KANSAS                   9,199     9,606      1,366    171.14    169.93

NEBRASKA                 3,017     4,843      1,455    172.10    172.91

COLORADO                   815     1,412      1,339    173.43    169.92

WESTERN CORNBELT           956       716      1,450    174.56    173.92

 TOTAL 5-AREA           26,724    23,225      1,319    170.76    170.77

N.CENTRAL/E.MT             278       774      1,455    187.58    180.43

WESTERN STATES

EASTERN CORNBELT           115                1,277    164.00

NORTHEASTERN STATE



                             CONTRACT: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 6,319     5,853        835    253.31    252.59

KANSAS                  10,019     7,421        859    259.30    261.97

NEBRASKA                19,032    14,621        910    248.39    247.33

COLORADO                 4,209     4,166        928    249.82    249.86

WESTERN CORNBELT         9,266     8,578        932    221.82    218.78

 TOTAL 5-AREA           48,805    40,639        896    246.36    244.99

N.CENTRAL/E.MT           3,186     2,724        923    240.28    241.54

WESTERN STATES             645       556        861    235.15    247.95

EASTERN CORNBELT         1,615     1,346        814    216.34    218.34

NORTHEASTERN STATE       1,507       776        845    222.14    217.52



                              CONTRACT: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                 4,309     2,537      1,304    164.05    167.39

KANSAS                   8,416     5,487      1,369    165.12    168.54

NEBRASKA                 2,753     2,508      1,367    155.96    167.69

COLORADO                    96                1,391    150.56

WESTERN CORNBELT         4,351     1,972      1,416    145.93    156.05

 TOTAL 5-AREA           19,888    12,467      1,366    159.35    166.16

N.CENTRAL/E.MT           1,862     1,097      1,470    144.28    149.81

WESTERN STATES             445       239      1,147    153.38    153.44

EASTERN CORNBELT            38        76      1,531    150.67    142.27

NORTHEASTERN STATE



                         NEGOTIATED GRID: Dressed Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                             210                         250.23

KANSAS                      39       258        785    257.04    261.29

NEBRASKA                 3,012     2,054        949    262.51    261.98

COLORADO

WESTERN CORNBELT           913       487        862    265.56    265.01

 TOTAL 5-AREA            3,751     2,997        933    262.87    261.59

N.CENTRAL/E.MT           1,046       954        911    265.83    263.27

WESTERN STATES

EASTERN CORNBELT         1,782       805        807    263.26    261.45

NORTHEASTERN STATE         282       323        809    260.89    258.76



                           NEGOTIATED GRID: Live Basis

                          Head       Week     Avg   Avg     Week

                          Count      Ago      Weight   Price  Ago

TX/OK/NM                    77                1,271    165.00

KANSAS                                86                         163.79

NEBRASKA                    64       197      1,415    171.00    159.99

COLORADO

WESTERN CORNBELT

 TOTAL 5-AREA              141       283      1,336    167.72    161.14

N.CENTRAL/E.MT             438                1,281    163.74

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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