LM_CT137
St Joseph, MO    Thu May 16, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Wednesday, 05/15/2019

For Wednesday negotiated cash trading was limited on light demand. A very few
live cash trades moved at 116.00 to 118.00. However, not enough trades for a
full market trend. The last fully reported market was last week live and
dressed cash trades moved from 119.00 to 122.50 and from 190.00 to 196.00,
respectively.

Domestic source only. Live sales based on net weights FOB the feedlot after a
3-4% shrink. Dressed sales based on hot carcass weights delivered to the plant.

NEGOTIATED CASH:
Confirmed:       5,582            Week ago:   11,516          Year ago:    5,747
Week to Date:    8,475            Week ago:   24,262          Year ago:   18,872

NEGOTIATED GRID BASE:
Confirmed:         328            Week ago:      882          Year ago:      746
Week to Date:    1,026            Week ago:    1,878          Year ago:    1,794


NEGOTIATED CASH SALES
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice    1,561     63.6   1,375-1,450  1,411.6  116.00-118.00  117.80
 65 - 80% Choice    1,560     63.3   1,325-1,525  1,364.2  116.00-119.00  116.14
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   3,121     63.5   1,325-1,525  1,387.9  116.00-119.00  116.97
STEER - LIVE - DELIVERED
 Over 80% Choice       22     63.5   1,450-1,450  1,450.0  118.00-118.00  118.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      22     63.5   1,450-1,450  1,450.0  118.00-118.00  118.00
STEER - DRESSED - DELIVERED
 Over 80% Choice      787     63.8     850-983      918.6  185.00-187.00  186.01
 65 - 80% Choice      320     63.0     850-897      868.9  185.00-185.00  185.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,107     63.6     850-983      904.2  185.00-187.00  185.72
STEER - DRESSED - FOB
 Over 80% Choice      140     65.0     910-910      910.0  185.00-185.00  185.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     140     65.0     910-910      910.0  185.00-185.00  185.00
HEIFER - LIVE - FOB
 Over 80% Choice      288     63.7   1,175-1,475  1,276.7  116.00-118.00  117.40
 65 - 80% Choice       44     62.8   1,250-1,250  1,250.0  116.00-116.00  116.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     332     63.6   1,175-1,475  1,273.1  116.00-118.00  117.22
HEIFER - LIVE - DELIVERED
 Over 80% Choice       20     63.5   1,275-1,275  1,275.0  118.50-118.50  118.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      20     63.5   1,275-1,275  1,275.0  118.50-118.50  118.50
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      369     63.0     759-777      770.8  186.00-187.00  186.43
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     369     63.0     759-777      770.8  186.00-187.00  186.43
HEIFER - DRESSED - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      170     62.5   1,200-1,200  1,200.0  116.00-116.00  116.00
 65 - 80% Choice      130     62.7   1,250-1,250  1,250.0  115.50-115.50  115.50
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     300     62.6   1,200-1,250  1,221.7  115.50-116.00  115.78
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       40     62.0     837-837      837.0  187.00-187.00  187.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     62.0     837-837      837.0  187.00-187.00  187.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   3,753     63.4   1,175-1,525  1,364.5  115.50-119.00  116.89
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   1,516     63.4     759-983      870.0  185.00-187.00  185.93
DAIRYBRED STEER/HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

NEGOTIATED GRID BASE PRICE SALES: FINAL NET PRICES TO BE DETERMINED LATER AND
SHOWN ON THE LM_CT109 FORMULATED PURCHASES REPORT
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 No Reportable Trade.
STEER - DRESSED - DELIVERED
 Over 80% Choice      185     63.5     838-910      864.7  187.00-188.00  187.22
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     185     63.5     838-910      864.7  187.00-188.00  187.22
HEIFER - LIVE - FOB
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       40     63.3     774-774      774.0  188.00-188.00  188.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     63.3     774-774      774.0  188.00-188.00  188.00
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       80     63.0     781-857      819.2  188.00-188.00  188.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      80     63.0     781-857      819.2  188.00-188.00  188.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     305     63.3     774-910      840.8  187.00-188.00  187.52
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       23     58.8     799-799      799.0  158.00-158.00  158.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      23     58.8     799-799      799.0  158.00-158.00  158.00
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   3,281        1,388.50          117.02
 Live    Heifer                    332        1,273.10          117.22
 Dressed Steer                   2,321          886.90          187.16
 Dressed Heifer                    709          793.90          188.14

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   7,722        1,413.30          121.72
 Live    Heifer                  1,778        1,270.10          120.35
 Dressed Steer                   8,228          883.50          193.06
 Dressed Heifer                  1,647          785.30          193.38

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   8,153        1,410.40          118.17
 Live    Heifer                    548        1,210.70          118.82
 Dressed Steer                   3,380          885.00          186.25
 Dressed Heifer                    648          734.40          186.50

Source: USDA Livestock, Poultry & Grain Market News Division, St. Joseph, MO
         816-676-7000    email:  stjoe.lpgmn@ams.usda.gov
         www.ams.usda.gov/market-news/livestock-poultry-grain
1130C







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