JC_LS135 
Jefferson City, MO    Fri Nov 01, 2019    MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 11-01-2019)

Confirmed Sales:

  Week to date: 240      Last week: 240      Last Year: 160
( These prices acquired from Missouri producers )

     Trading from late last Friday through Friday morning of this week 
remains mostly light to inactive with dressed grid sales from late last 
Friday at 178.00.  Light trade on Wednesday in the Southern Plains was 
mostly at 112.00, 2.00 higher than last week.  With aggressive gains in 
boxed-beef, cash cattle, and underlying support in the CME cattle futures 
all continue to give support to the market.  Packer margins remain large, 
and until the packer has a reason to see margins deteriorate through a 
declining beef market the packer will continue it seems to pay steady to 
higher money.  Packers continue to see good buying and demand from end 
users.  Boxed-beef values continue to run hard, with Select staring to 
see some big gains this week as the choice-select spread remains record 
wide for this time of year.  Beef demand remains very good with retail 
adds still dominate in the circulars.  Choice boxed-beef closed Thursday 
2.13 higher at 232.18 with Select .85 cents lower at 206.49 with a 
Choice-Select spread of 25.69, compared to last Friday’s close with 
Choice at 225.44 and Select at 199.84.  The hide and offal value from a 
typical slaughter steer on Thursday was estimated at 8.81 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)  4 loads late 
last Friday 178.00;    
  
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