IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Afternoon
LM_CT136
St Joseph, MO    Tue May 15, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Afternoon
Trade so far today

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:       3,464            Week ago:    1,529          Year ago:      259
Week to Date:   10,542            Week ago:    3,170          Year ago:      259

NEGOTIATED GRID BASE:
Confirmed:         197            Week ago:      168          Year ago:      422
Week to Date:      811            Week ago:      422          Year ago:      704


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      372     63.5   1,325-1,425  1,377.0  118.00-121.50  118.92
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     372     63.5   1,325-1,425  1,377.0  118.00-121.50  118.92
STEER - DRESSED - DELIVERED
 Over 80% Choice      311     63.4     882-960      903.8  185.00-191.00  188.97
 65 - 80% Choice      300     63.0     897-897      897.8  184.00-184.00  184.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     611     63.2     882-960      900.9  184.00-191.00  186.53
HEIFER - LIVE - FOB
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      277     62.7     718-752      723.8  184.00-191.00  185.06
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     277     62.7     718-752      723.8  184.00-191.00  185.06
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      120     63.2   1,275-1,275  1,275.0  118.00-118.00  118.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     120     63.2   1,275-1,275  1,275.0  118.00-118.00  118.00
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       80     63.0     819-819      819.0  188.00-188.00  188.00
 65 - 80% Choice      545     62.7     837-837      837.7  184.00-184.00  184.00
 35 - 65% Choice      995     62.5     953-953      953.1  184.00-184.00  184.00
  0 - 35% Choice                          -                      -
 Total all grades   1,620     62.6     819-953      907.7  184.00-188.00  184.20
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     492     63.4   1,275-1,425  1,352.1  118.00-121.50  118.70
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   2,508     62.8     718-960      885.7  184.00-191.00  184.86
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 
 No Reportable Trade.
HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER 
 No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades                         -                      -
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      197     60.1     825-825      825.0  149.00-149.00  149.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     197     60.1     825-825      825.0  149.00-149.00  149.00
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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