JC_LS135 
Jefferson City, MO    Fri May 17,  2019  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 05-17-2019)

Confirmed Sales:

  Week to date: 560       Last week: 320       Last Year: 160
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning remains light 
as producers continue to see lower bids, dressed grid sales are 10.00-
12.00 lower at 186.00 to mostly 188.00.  Fundamentals pretty much remain 
the same with cattle futures not supportive, large inventories of fed 
cattle to work through and equities struggling on uncertainties about the 
trade dispute with China.  Cattle trade started on Wednesday with the 
Southern Plains trading at 117.00 mostly 3.00 lower with Northern Plains 
on Thursday at 117.00 as feedlots jumped on the bids.  Boxed-beef prices 
continue lower as meat purchases for Memorial Day are pretty much done.  
Middle meat prices are steady to weak as this may reflect widespread wet, 
cold weather across much of the country that is delaying summer beef 
demand.  Warm weather should boost beef demand seasonally in the coming 
weeks as Father’s Day and the 4th of July are ahead for the grilling 
season.  Corn and Soybean prices rebounded with sharp gains this week as 
continued planting delays will support higher prices.  Choice boxed-beef 
on Thursday closed .01 cent lower at 219.56 and Select .16 cents lower at 
207.88 compared to last Friday’s close with Choice at 221.11 and Select 
at 207.46  The hide and offal value from a typical slaughter steer on 
Thursday was estimated at 8.31 per cwt live unchanged when compared to 
Wednesday’s value.  
 
Live Sales: 
Slaughter steers and heifers: (over 90 percent Choice)  No Sales         

(Note: Weighing conditions some plant delivered weights and some net
 weights FOB feedlot after a 4 percent shrink.

Dressed Carcass Sales: (Paid on Hot Carcass Weights) Delivered or
 Picked up (Weight only)      
 
   Steers and Heifers: (80 percent Choice) No Sales

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  14 Loads 
Wednesday and Thursday 186.00-188.00.       
  
Source:  MO Dept of Ag-USDA Market News Service, Mexico, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244
         www.ams.usda.gov/mnreports/JC_LS135.txt