JC_LS135 
Jefferson City, MO    Fri Dec 13, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 12-13-2019)  
Confirmed Sales:

  Week to date: 160      Last week: 120      Last Year: 320
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
remains inactive as of Friday morning with producers passing bids.  All 
sales are from late last Friday on flat dressed sales at 188.00.  Fed 
cattle for the most part have yet to trade this week with bids from the 
packers mostly steady with last week.  Continued pressure on the boxed-
beef values has packers digging in and not wanting to pay more than 
steady money at this time.  With live cattle futures trading in a 
sideways to narrow pattern futures remain mixed as traders are looking 
forward to the holidays.  Last week’s slaughter of 679K was the largest 
of the year and this week’s estimating to be near that of last week.  
Large slaughter levels are usually a bullish indicator; even though cut-
out values have declined they still remain several dollars above last 
year’s level on Choice product.  Demand for beef remains very good and 
responsible for record packer margins, but boxed-beef prices are under 
pressure and lower cut-out values directly impact packer margins.  This 
pressure on the cut-out value has the ability to change packer attitudes 
in a hurry.  Choice boxed-beef on Thursday closed 3.00 lower at 215.63 
and Select 1.16 lower at 202.56 with a Choice-Select spread narrowing to 
13.09, compared to last Friday’s close with Choice at 224.56 and Select 
at 207.30.  The hide and offal value from a typical slaughter steer on 
Thursday was estimated at 9.12 per cwt live down .16 cents 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) late last Friday 4 loads Flat 
188.00.

(Grid) Grade and Weight Carcass: (over 80 percent Choice)  No sales

   
Source:  MO Dept of Ag-USDA Market News Service, Perry, MO
         Greg Harrison, Market Reporter 573-751-5618
         24 hour recorded report 573-522-9244
         www.ams.usda.gov/mnreports/JC_LS135.txt