Direct Slaughter Cattle - Mexico, Missouri
JC_LS135 ..
Jefferson City, MO    Fri May 24,  2019  MO Dept of Ag-USDA Market News

Missouri Weekly Direct Slaughter Cattle (week end 05-24-2019)

Confirmed Sales:

  Week to date:  120      Last week: 560       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 steady to 
1.00 lower at 186.00 to 187.00.  Wednesday in the Southern Plains 
fed cattle prices were mostly 2.00 lower at 114.00-115.00 as packers 
continue to successfully lean on cattle feeders at lower money.  Packers 
this week are buying for a holiday shortened week.  Boxed-beef values 
have traded mostly steady for the week as much needed sunshine and warmer 
temperatures are needed this weekend for grilling.  The best meat demand 
is right in front of us and hopefully it can be sustained to maintain a 
decent price level through the summer.  USDA Cold Storage Report was 
released this week with total red meat supplies in freezers up slightly 
from last month but 5 percent lower than last year.  Total lbs of beef 
came in at 430.3 million lbs down 5 percent from last month and down 9 
percent from last year.  Frozen pork supplies were up 2 percent from last 
month at 621.8 million lbs and 2 percent lower than last year.  Corn 
prices continue to climb higher this week as corn planting is off to its 
slowest pace on record at 49 percent planted compared to the average of 
80 percent complete.  Choice boxed-beef on Thursday closed 1.04 higher at 
220.79 and Select .72 cents higher at 206.53 compared to last Friday�s 
close with Choice at 220.31 and Select at 208.28  The hide and offal 
value from a typical slaughter steer on Thursday was estimated at 8.29 
per cwt live .04 lower when compared to Wednesday�s value.  We wish 
everyone a safe Memorial Day Weekend and want to say �Thank You� to our 
service men and women past and present for their service to our country 
and the price that has been paid for our freedom and freedom of millions 
throughout the world.   
 
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)  3 Loads 
Wednesday 186.00-187.00.       
  
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