IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Mon Mar 04, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Friday, 03/01/2019

On Friday, trade was moderate on moderate to good demand in the Western
Cornbelt live purchases trading 2.00-3.50 higher from 128.00-130.00 and
dressed purchases trading 3.00-4.00 higher from 205.00-206.00, bulk at 205.00.

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:      26,451            Week ago:   18,827          Year ago:    5,090
Week to Date:   27,822            Week ago:   20,682          Year ago:   25,845

NEGOTIATED GRID BASE:
Confirmed:       5,866            Week ago:    1,354          Year ago:      889
Week to Date:    6,979            Week ago:    2,284          Year ago:    4,413


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    6,216     63.1   1,275-1,575  1,485.1  127.00-131.00  128.96
 65 - 80% Choice      175     61.7   1,350-1,370  1,365.4  128.00-128.00  128.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   6,391     63.1   1,275-1,575  1,481.8  127.00-131.00  128.94
STEER - LIVE - DELIVERED
 Over 80% Choice      684     63.3   1,300-1,550  1,467.7  128.00-132.00  130.03
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     684     63.3   1,300-1,550  1,467.7  128.00-132.00  130.03
STEER - DRESSED - DELIVERED
 Over 80% Choice    6,222     63.0     781-1,011    931.9  205.00-206.00  205.21
 65 - 80% Choice    1,196     62.4     843-943      898.9  205.00-205.00  205.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   7,418     62.9     781-1,011    926.6  205.00-206.00  205.18
STEER - DRESSED - FOB
 Over 80% Choice      331     63.4     937-977      945.2  203.00-204.00  203.21
 65 - 80% Choice                          -                      -
 35 - 65% Choice      140     64.5     903-903      903.0  205.00-205.00  205.00
  0 - 35% Choice                          -                      -
 Total all grades     471     63.7     903-977      932.7  203.00-205.00  203.74
HEIFER - LIVE - FOB
 Over 80% Choice    3,399     62.8   1,225-1,550  1,357.8  127.00-130.00  128.52
 65 - 80% Choice       63     62.5   1,300-1,300  1,300.0  128.00-128.00  128.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   3,462     62.8   1,225-1,550  1,356.7  127.00-130.00  128.51
HEIFER - LIVE - DELIVERED
 Over 80% Choice      244     63.0   1,200-1,285  1,239.9  128.00-130.00  129.02
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     244     63.0   1,200-1,285  1,239.9  128.00-130.00  129.02
HEIFER - DRESSED - DELIVERED
 Over 80% Choice    2,506     62.9     750-945      844.7  204.00-207.00  205.11
 65 - 80% Choice      641     62.9     787-806      789.7  203.00-205.00  203.76
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   3,147     62.9     750-945      833.5  203.00-207.00  204.83
HEIFER - DRESSED - FOB
 Over 80% Choice      352     63.0     819-863      838.0  204.00-205.00  204.57
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     352     63.0     819-863      838.0  204.00-205.00  204.57
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice    1,690     63.1   1,250-1,541  1,340.9  127.50-130.00  128.87
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,690     63.1   1,250-1,541  1,340.9  127.50-130.00  128.87
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice    2,050     62.3     796-951      873.1  205.00-205.00  205.00
 65 - 80% Choice       45     63.0     897-897      897.7  202.00-202.00  202.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   2,095     62.3     796-951      873.7  202.00-205.00  204.94
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades  11,543     63.0   1,225-1,575  1,423.7  127.00-131.00  128.80
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades  12,660     62.8     750-1,011    894.7  202.00-207.00  205.05
DAIRYBRED STEER/HEIFER - LIVE - FOB
No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      176     59.0     796-840      830.7  175.00-175.00  175.00
 65 - 80% Choice       40     59.0     781-781      781.7  175.00-175.00  175.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     216     59.0     781-840      821.6  175.00-175.00  175.00
MIXED STEER/HEIFER/COW - LIVE - FOB
No Reportable Trade.
MIXED STEER/HEIFER/COW - DRESSED - DELIVERED
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    2,418     63.0     806-1,008    925.7  205.00-207.00  205.17
 65 - 80% Choice      204     63.5     841-841      841.0  205.00-205.00  205.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   2,622     63.1     806-1,008    919.1  205.00-207.00  205.15
HEIFER - LIVE - FOB
No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      657     63.0     799-886      826.3  205.00-207.00  205.12
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     657     63.0     799-886      826.3  205.00-207.00  205.12
MIXED STEER/HEIFER - LIVE - FOB
No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      877     62.0     732-929      858.5  205.00-208.00  205.37
 65 - 80% Choice       83     62.0     793-819      806.5  205.00-205.00  205.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     960     62.0     732-929      854.0  205.00-208.00  205.33
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   4,239     62.8     732-1,008    890.0  205.00-208.00  205.19
DAIRYBRED STEER/HEIFER - LIVE - FOB
No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       35     60.0     870-870      870.0  155.00-155.00  155.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      35     60.0     870-870      870.0  155.00-155.00  155.00
MIXED STEER/HEIFER/COW - LIVE - FOB
No Reportable Trade.
MIXED STEER/HEIFER/COW - DRESSED - DELIVERED
No Reportable Trade.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   6,669        1,479.30          128.90
 Live    Heifer                  3,582        1,357.30          128.50
 Dressed Steer                   7,496          926.60          205.15
 Dressed Heifer                  3,217          831.80          204.77

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   6,421        1,495.20          126.53
 Live    Heifer                  4,156        1,376.30          125.75
 Dressed Steer                   3,742          911.80          202.11
 Dressed Heifer                  1,365          835.10          202.53

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   5,438        1,489.50          128.40
 Live    Heifer                  1,897        1,319.60          126.87
 Dressed Steer                   5,996          921.60          204.26
 Dressed Heifer                  4,233          883.90          204.53

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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