IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Thu Nov 08, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Wednesday, 11/07/2018

On Wednesday, trade was limited on light to moderate demand. A few early
dressed purchases traded at 180.00, however not enough for an adequate market
test. Last week in the Western Cornbelt live cash purchases traded mostly at
114.00 with a few dressed purchases at 180.00.

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:       1,633            Week ago:    1,920          Year ago:    8,671
Week to Date:    7,196            Week ago:    3,781          Year ago:   10,861

NEGOTIATED GRID BASE:
Confirmed:         660            Week ago:      208          Year ago:    2,289
Week to Date:    2,103            Week ago:    1,023          Year ago:    2,740


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
 No Reportable Trade. 
STEER - LIVE - DELIVERED
 Over 80% Choice       40     63.0   1,250-1,250  1,250.0  111.00-111.00  111.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     63.0   1,250-1,250  1,250.0  111.00-111.00  111.00
STEER - DRESSED - DELIVERED
 Over 80% Choice      653     63.6     829-1,004    922.5  179.00-180.00  179.91
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     653     63.6     829-1,004    922.5  179.00-180.00  179.91
STEER - DRESSED - FOB
 No Reportable Trade. 
HEIFER - LIVE - FOB
 Over 80% Choice      159     63.8   1,300-1,325  1,312.4  114.00-115.00  114.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     159     63.8   1,300-1,325  1,312.4  114.00-115.00  114.50
HEIFER - LIVE - DELIVERED
 No Reportable Trade. 
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      446     64.0     793-925      864.0  179.00-180.00  179.36
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     446     64.0     793-925      864.0  179.00-180.00  179.36
HEIFER - DRESSED - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      335     62.8     765-889      839.6  176.00-180.00  178.79
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     335     62.8     765-889      839.6  176.00-180.00  178.79
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     159     63.8   1,300-1,325  1,312.4  114.00-115.00  114.50
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   1,434     63.5     765-1,004    884.9  176.00-180.00  179.48
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       55     63.0     814-841      833.9  176.00-183.00  181.09
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      55     63.0     814-841      833.9  176.00-183.00  181.09
HEIFER - LIVE - FOB
 No Reportable Trade. 
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       60     62.3     695-825      782.1  176.00-180.00  178.67
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      60     62.3     695-825      782.1  176.00-180.00  178.67
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      353     62.6     762-882      844.0  176.00-182.00  178.76
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     353     62.6     762-882      844.0  176.00-182.00  178.76
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     468     62.6     695-882      834.9  176.00-183.00  179.02
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      192     59.2     855-885      860.8  145.00-145.00  145.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     192     59.2     855-885      860.8  145.00-145.00  145.00
MIXED STEER/HEIFER/COW 
 No Reportable Trade. 

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   1,395        1,516.10          113.08
 Live    Heifer                  1,337        1,342.00          113.42
 Dressed Steer                   1,239          954.00          179.63
 Dressed Heifer                  1,301          848.30          179.91

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   1,114        1,537.40          113.66
 Live    Heifer                    843        1,362.90          114.00
 Dressed Steer                     424          898.10          180.00
 Dressed Heifer                    508          832.70          180.00

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   2,078        1,504.90          121.22
 Live    Heifer                  2,084        1,324.20          121.84
 Dressed Steer                   1,657          935.70          191.48
 Dressed Heifer                    454          839.70          191.13

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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