IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Thu Sep 14, 2017    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Wednesday, 09/13/2017

Wednesday saw trading very limited on very light demand. Not enough trades for a
market trend. Last week live trades were from 103.00-105.00 and dressed were from
165.00-168.00, on a light test.

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:       1,834            Week ago:      685          Year ago:      370
Week to Date:    4,959            Week ago:      765          Year ago:      661

NEGOTIATED GRID BASE:
Confirmed:         594            Week ago:    1,246          Year ago:      489
Week to Date:    1,524            Week ago:    1,581          Year ago:      978


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      727     63.5   1,350-1,500  1,421.0  104.00-107.50  105.60
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     727     63.5   1,350-1,500  1,421.0  104.00-107.50  105.60
STEER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      222     63.0     913-913      913.5  165.00-165.00  165.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     222     63.0     913-913      913.5  165.00-165.00  165.00
HEIFER - LIVE - FOB
 Over 80% Choice      536     63.3   1,235-1,260  1,247.2  105.00-105.00  105.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     536     63.3   1,235-1,260  1,247.2  105.00-105.00  105.00
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      130     62.4     728-790      747.6  165.00-165.00  165.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     130     62.4     728-790      747.6  165.00-165.00  165.00
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice       70     63.1   1,300-1,300  1,300.0  104.00-105.00  104.47
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      70     63.1   1,300-1,300  1,300.0  104.00-105.00  104.47
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       38     63.0     834-834      834.0  164.00-164.00  164.00
 65 - 80% Choice       35     62.0     744-744      744.0  165.00-165.00  165.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      73     62.5     744-834      790.8  164.00-165.00  164.48
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   1,333     63.4   1,235-1,500  1,344.8  104.00-107.50  105.30
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     425     62.7     728-913      841.7  164.00-165.00  164.91
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       40     59.0     752-752      752.2  150.00-150.00  150.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     59.0     752-752      752.2  150.00-150.00  150.00
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 
 No Reportable Trade.
HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      401     63.5     717-928      878.2  165.00-166.00  165.28
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     401     63.5     717-928      878.2  165.00-166.00  165.28
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     401     63.5     717-928      878.2  165.00-166.00  165.28
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      193     59.6     825-825      825.0  144.00-145.00  144.61
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     193     59.6     825-825      825.0  144.00-145.00  144.61
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

IOWA/MINNESOTA - IA,MN

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
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