Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Domestic

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LM_CT151
St Joseph, MO    Mon, Mar 10, 2014    USDA Market News Service

NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT
For Cattle Price During The Week Ending Sunday, 03/09/2014

                               DOMESTIC CATTLE ONLY

                        Dressed:  Live:   Total: Total Week Ago: Total Year Ago:
Formula Net:            191,692  26,637  218,329       211,251        225,039
Negotiated Grid Net:     15,922   1,521   17,443        16,142         22,588
Forward Contract Net:    35,490  13,551   49,041        55,275         33,563

                           FORMULA NET:  Dressed Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice   26,697     63.5     646-1,030     893   212.96-265.96   235.90
65 - 80% Choice   30,854     64.0     649-1,003     864   215.85-248.78   231.66
35 - 65% Choice   37,001     64.4     681-981       846   212.04-241.91   232.43
 0 - 35% Choice    3,037     64.5     606-908       803   220.37-240.75   231.42
Total all grades  97,589     64.0     606-1,030     863   212.04-265.96   233.10
HEIFER
Over 80% Choice   21,880     63.7     655-918       802   213.62-259.14   234.58
65 - 80% Choice   17,115     64.2     668-979       783   225.30-240.70   231.92
35 - 65% Choice    9,635     64.2     631-911       761   223.25-239.60   232.13
 0 - 35% Choice      874     64.0     695-838       790   220.85-241.96   236.19
Total all grades  49,504     64.0     631-979       787   213.62-259.14   233.21
MIXED STEER/HEIFER
Over 80% Choice    7,298     62.4     655-940       825   220.29-258.88   236.56
65 - 80% Choice    2,894     63.9     648-980       844   222.95-242.19   236.13
35 - 65% Choice    1,178     62.9     660-996       806   224.45-240.00   232.35
 0 - 35% Choice      842     61.2     691-815       749   227.59-237.56   233.28
Total all grades  12,212     62.7     648-996       822   220.29-258.88   235.82
ALL STEERS & HEIFERS
Total all grades 159,305     63.9     606-1,030     837   212.04-265.96   233.34
MIXED STEER/HEIFER/COW
Over 80% Choice    3,282     63.0     701-980       851   221.73-243.20   232.29
65 - 80% Choice    3,895     63.3     577-967       824   221.97-241.53   234.52
35 - 65% Choice    3,221     62.9     669-959       804   211.28-239.39   229.45
 0 - 35% Choice    1,986     57.6     778-1,067     903   197.60-214.64   205.42
Total all grades  12,384     62.2     577-1,067     839   197.60-243.20   227.95
DAIRYBRED STEER/HEIFER
Over 80% Choice    5,653     61.5     647-946       862   217.83-247.24   228.61
65 - 80% Choice    6,495     61.1     637-902       831   202.43-237.00   227.91
35 - 65% Choice    6,847     61.6     622-907       819   203.92-235.58   225.96
 0 - 35% Choice    1,008     61.7     722-933       809   215.97-232.85   227.07
Total all grades  20,003     61.4     622-946       834   202.43-247.24   227.40

                            FORMULA NET:  Live Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice    2,473     62.8   1,167-1,549   1,396   148.00-170.43   156.92
65 - 80% Choice    4,423     63.6   1,045-1,539   1,375   143.00-172.49   150.82
35 - 65% Choice    5,701     62.9   1,043-1,520   1,254   141.00-151.61   148.84
 0 - 35% Choice      885     62.5   1,180-1,366   1,314   146.00-151.00   150.06
Total all grades  13,482     63.1   1,043-1,549   1,323   141.00-172.49   151.05
HEIFER
Over 80% Choice    3,459     62.4   1,085-1,493   1,383   145.00-168.15   152.51
65 - 80% Choice    2,549     62.8   1,069-1,452   1,208   145.50-168.72   151.15
35 - 65% Choice    2,591     62.8   1,091-1,414   1,197   145.00-151.00   150.04
 0 - 35% Choice                          -                      -
Total all grades   8,599     62.7   1,069-1,493   1,275   145.00-168.72   151.36
MIXED STEER/HEIFER
Over 80% Choice      191     61.6   1,168-1,369   1,235   151.00-169.00   165.22
65 - 80% Choice      339     62.3   1,517-1,538   1,529   151.17-151.77   151.53
35 - 65% Choice    1,060     62.8     987-1,483   1,231   143.00-162.93   148.34
 0 - 35% Choice                          -                      -
Total all grades   1,590     62.6     987-1,538   1,295   143.00-169.00   151.05
ALL STEERS & HEIFERS
Total all grades  23,671     62.9     987-1,549   1,304   141.00-172.49   151.16
MIXED STEER/HEIFER/COW
Over 80% Choice                          -                      -
65 - 80% Choice                          -                      -
35 - 65% Choice       58     62.8   1,376-1,376   1,376   150.00-150.00   150.00
 0 - 35% Choice                          -                      -
Total all grades      58     62.8   1,376-1,376   1,376   150.00-150.00   150.00
DAIRYBRED STEER/HEIFER
Over 80% Choice    1,205     60.7   1,223-1,525   1,405   136.95-144.70   140.13
65 - 80% Choice      541     61.0   1,262-1,499   1,384   136.00-144.61   139.43
35 - 65% Choice    1,056     60.4   1,109-1,399   1,267   137.97-142.95   140.81
 0 - 35% Choice      106     61.0   1,382-1,382   1,382   140.95-140.95   140.95
Total all grades   2,908     60.7   1,109-1,525   1,350   136.00-144.70   140.28

                       NEGOTIATED GRID NET:  Dressed Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice    1,937     63.0     646-993       889   223.54-240.68   233.39
65 - 80% Choice      967     63.5     737-877       831   224.70-240.39   231.01
35 - 65% Choice    2,413     63.7     727-972       831   220.85-241.84   229.50
 0 - 35% Choice       64     62.0     767-860       806   214.44-230.00   223.44
Total all grades   5,381     63.4     646-993       852   214.44-241.84   231.10
HEIFER
Over 80% Choice    1,334     63.1     715-950       840   224.51-240.89   234.15
65 - 80% Choice      739     65.5     702-919       848   225.34-240.45   232.77
35 - 65% Choice      405     63.5     648-862       731   230.24-234.46   231.94
 0 - 35% Choice      195     62.0     790-911       841   212.49-213.00   212.79
Total all grades   2,673     63.7     648-950       826   212.49-240.89   231.87
MIXED STEER/HEIFER
Over 80% Choice    1,578     62.9     688-918       800   223.68-246.84   237.22
65 - 80% Choice      545     62.4     654-880       799   211.51-233.75   228.25
35 - 65% Choice      706     63.4     682-868       780   217.46-238.00   223.70
 0 - 35% Choice      640     64.0     715-877       801   216.82-237.00   226.99
Total all grades   3,469     63.1     654-918       796   211.51-246.84   231.17
ALL STEERS & HEIFERS
Total all grades  11,523     63.4     646-993       829   211.51-246.84   231.30
MIXED STEER/HEIFER/COW
Over 80% Choice       88     63.0     715-916       831   227.64-234.28   229.99
65 - 80% Choice      522     62.9     691-965       884   221.72-237.00   228.07
35 - 65% Choice      131     60.7     724-881       794   213.69-230.84   219.36
 0 - 35% Choice      626     58.8     808-969       925   202.39-218.53   207.37
Total all grades   1,367     60.8     691-969       891   202.39-237.00   217.88
DAIRYBRED STEER/HEIFER
Over 80% Choice    1,413     59.1     747-967       833   205.85-233.25   219.64
65 - 80% Choice      688     59.0     721-863       815   203.78-228.43   218.31
35 - 65% Choice      811     60.3     674-920       790   199.48-232.73   219.83
 0 - 35% Choice      120     57.9     601-719       635   211.64-219.21   213.78
Total all grades   3,032     59.4     601-967       810   199.48-233.25   219.15

                        NEGOTIATED GRID NET:  Live Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice                          -                      -
65 - 80% Choice                          -                      -
35 - 65% Choice      219     63.9   1,061-1,149   1,122   136.05-142.14   137.45
 0 - 35% Choice       86     64.1   1,229-1,230   1,230   149.00-149.00   149.00
Total all grades     305     64.0   1,061-1,230   1,153   136.05-149.00   140.71
HEIFER
Over 80% Choice                          -                      -
65 - 80% Choice       86     64.7   1,191-1,191   1,191   144.00-144.00   144.00
35 - 65% Choice       67     63.0   1,119-1,119   1,119   140.97-140.97   140.97
 0 - 35% Choice                          -                      -
Total all grades     153     64.0   1,119-1,191   1,159   140.97-144.00   142.67
MIXED STEER/HEIFER
Over 80% Choice       40     62.3   1,077-1,077   1,077   143.89-143.89   143.89
65 - 80% Choice      119     63.0   1,077-1,397   1,281   139.84-145.00   143.14
35 - 65% Choice      328     63.6   1,095-1,272   1,202   133.07-150.00   139.21
 0 - 35% Choice      307     64.3   1,131-1,272   1,224   143.00-149.00   147.09
Total all grades     794     63.7   1,077-1,397   1,216   133.07-150.00   143.08
ALL STEERS & HEIFERS
Total all grades   1,252     63.8   1,061-1,397   1,194   133.07-150.00   142.45
MIXED STEER/HEIFER/COW
 No Reportable Trade.
DAIRYBRED STEER/HEIFER
Over 80% Choice                          -                      -
65 - 80% Choice      215     61.0   1,224-1,410   1,341   129.08-141.12   136.70
35 - 65% Choice       54     61.4   1,289-1,432   1,326   139.66-140.42   139.86
 0 - 35% Choice                          -                      -
Total all grades     269     61.1   1,224-1,432   1,338   129.08-141.12   137.33

                      FORWARD CONTRACT NET:  Dressed Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice    6,722     63.4     645-1,036     930   200.67-232.50   213.33
65 - 80% Choice    2,640     63.4     651-935       861   201.87-219.47   210.89
35 - 65% Choice    1,414     64.7     656-979       825   198.64-224.99   209.40
 0 - 35% Choice      156     64.7     697-812       778   202.38-209.32   205.94
Total all grades  10,932     63.6     645-1,036     898   198.64-232.50   212.12
HEIFER
Over 80% Choice    4,619     63.7     707-943       858   200.94-222.71   210.44
65 - 80% Choice    1,531     64.1     742-888       806   203.90-225.95   213.92
35 - 65% Choice      363     64.8     743-895       781   198.82-208.78   207.02
 0 - 35% Choice       56     64.1     809-809       809   208.89-208.89   208.89
Total all grades   6,569     63.9     707-943       841   198.82-225.95   211.05
MIXED STEER/HEIFER
Over 80% Choice      514     62.6     769-780       779   214.16-234.29   220.93
65 - 80% Choice      890     64.0     772-948       815   213.83-222.50   221.69
35 - 65% Choice      812     63.9     803-809       806   222.50-222.50   222.50
 0 - 35% Choice                          -                      -
Total all grades   2,216     63.6     769-948       803   213.83-234.29   221.81
ALL STEERS & HEIFERS
Total all grades  19,717     63.7     645-1,036     868   198.64-234.29   212.86
MIXED STEER/HEIFER/COW
Over 80% Choice       85     63.0     764-764       764   215.30-215.30   215.30
65 - 80% Choice       33     57.9     692-692       692   198.21-198.21   198.21
35 - 65% Choice      238     62.6     708-812       747   203.16-230.48   212.84
 0 - 35% Choice                          -                      -
Total all grades     356     62.3     692-812       746   198.21-230.48   212.07
DAIRYBRED STEER/HEIFER
Over 80% Choice    7,975     60.8     702-938       822   190.62-236.46   206.71
65 - 80% Choice    4,881     60.7     714-900       830   189.53-224.29   207.77
35 - 65% Choice    2,375     60.7     683-885       805   189.40-224.29   207.59
 0 - 35% Choice      186     60.0     738-753       739   199.05-208.20   207.56
Total all grades  15,417     60.8     683-938       821   189.40-236.46   207.19

                        FORWARD CONTRACT NET:  Live Basis

                  Head    Wtd Avg       Weight     Avg       Price       Avg Net
                  Count  Dress Pct      Range       Wt       Range        Price
STEER
Over 80% Choice    1,297     63.1   1,312-1,516   1,405   128.27-160.52   144.43
65 - 80% Choice    2,892     63.8   1,254-1,479   1,414   131.32-143.00   141.56
35 - 65% Choice    3,057     63.4   1,325-1,465   1,381   129.90-158.00   147.07
 0 - 35% Choice       38     65.3   1,319-1,319   1,319   132.50-132.50   132.50
Total all grades   7,284     63.5   1,254-1,516   1,398   128.27-160.52   144.34
HEIFER
Over 80% Choice      713     63.3   1,195-1,357   1,234   132.17-160.52   136.51
65 - 80% Choice    2,817     63.4   1,125-1,350   1,302   131.00-143.00   142.13
35 - 65% Choice    1,550     63.7   1,125-1,331   1,225   133.27-149.00   142.83
 0 - 35% Choice                          -                      -
Total all grades   5,080     63.5   1,125-1,357   1,269   131.00-160.52   141.56
MIXED STEER/HEIFER
Over 80% Choice      418     62.7   1,189-1,189   1,189   148.96-150.10   149.01
65 - 80% Choice       39     63.2   1,215-1,215   1,215   133.70-133.70   133.70
35 - 65% Choice                          -                      -
 0 - 35% Choice                          -                      -
Total all grades     457     62.7   1,189-1,215   1,191   133.70-150.10   147.71
ALL STEERS & HEIFERS
Total all grades  12,821     63.5   1,125-1,516   1,340   128.27-160.52   143.35
MIXED STEER/HEIFER/COW
Over 80% Choice      320     63.8   1,137-1,313   1,274   131.15-138.45   136.23
65 - 80% Choice      305     63.0   1,154-1,357   1,270   132.50-135.50   134.23
35 - 65% Choice       65     63.2   1,239-1,239   1,239   130.70-130.70   130.70
 0 - 35% Choice                          -                      -
Total all grades     690     63.4   1,137-1,357   1,269   130.70-138.45   134.83
DAIRYBRED STEER/HEIFER
Over 80% Choice       40     59.9   1,366-1,366   1,366   126.48-126.48   126.48
65 - 80% Choice                          -                      -
35 - 65% Choice                          -                      -
 0 - 35% Choice                          -                      -
Total all grades      40     59.9   1,366-1,366   1,366   126.48-126.48   126.48

--------------------------------------------------------------------------------

REGIONAL SECTION:
                      ALL STEERS AND HEIFERS (BEEF BREEDS)
                             FORMULA: Dressed Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                63,924    51,032        810    231.97    226.16
KANSAS                  28,778    29,278        834    232.46    227.57
NEBRASKA                26,940    23,437        882    235.70    228.62
COLORADO                13,624    12,869        847    233.33    228.05
WESTERN CORNBELT         7,078     4,932        883    236.27    228.66
 TOTAL 5-AREA          139,912   121,136        836    233.14    227.26
N.CENTRAL/E.MT           5,972     2,807        864    236.28    228.28
WESTERN STATES          12,122    13,149        831    234.07    227.72
EASTERN CORNBELT           867       690        862    236.39    227.84
NORTHEASTERN STATE

                               FORMULA: Live Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                 7,740    10,295      1,227    151.02    145.39
KANSAS                   9,055    10,798      1,313    150.08    145.15
NEBRASKA                 4,091     3,805      1,431    154.71    148.33
COLORADO                   915     2,377      1,286    147.49    139.05
WESTERN CORNBELT           849     1,755      1,453    155.76    150.63
 TOTAL 5-AREA           22,650    29,030      1,309    151.35    145.48
N.CENTRAL/E.MT             171       240      1,393    149.30    145.00
WESTERN STATES             850       583      1,150    146.66    140.30
EASTERN CORNBELT
NORTHEASTERN STATE

                             CONTRACT: Dressed Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                   979       715        807    208.09    208.97
KANSAS                   1,954     2,330        799    206.82    212.71
NEBRASKA                 7,121    10,413        904    211.80    211.30
COLORADO                 4,613     4,240        837    217.18    213.78
WESTERN CORNBELT         2,478     2,301        916    215.59    207.89
 TOTAL 5-AREA           17,145    19,999        870    213.01    211.51
N.CENTRAL/E.MT           1,241     1,713        943    213.08    210.18
WESTERN STATES             694     1,046        757    210.52    205.18
EASTERN CORNBELT           116       624        798    211.10    203.87
NORTHEASTERN STATE         521       528        796    210.59    212.89

                              CONTRACT: Live Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                   164       137      1,450    142.40    134.44
KANSAS                   9,714     7,822      1,349    144.18    145.66
NEBRASKA                   946       681      1,290    151.90    148.72
COLORADO                   273       220      1,240    133.18    148.47
WESTERN CORNBELT           897     2,713      1,249    133.78    132.92
 TOTAL 5-AREA           11,878    11,573      1,338    143.86    142.78
N.CENTRAL/E.MT             439       776      1,443    140.85    135.81
WESTERN STATES
EASTERN CORNBELT           280       295      1,346    134.65    131.42
NORTHEASTERN STATE         108                1,365    133.45

                         NEGOTIATED GRID: Dressed Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                 2,551     2,380        801    225.17    220.37
KANSAS                   1,072       245        743    231.41    225.52
NEBRASKA                 3,959     2,603        882    233.69    226.26
COLORADO                    44       320        682    230.93    222.28
WESTERN CORNBELT         1,208     1,008        848    230.08    219.90
 TOTAL 5-AREA            8,834     6,462        836    230.45    222.89
N.CENTRAL/E.MT             425       370        854    232.56    227.65
WESTERN STATES
EASTERN CORNBELT         1,606     1,095        805    234.19    227.66
NORTHEASTERN STATE         581       798        787    234.51    222.34

                           NEGOTIATED GRID: Live Basis
                          Head       Week     Avg   Avg     Week
                          Count      Ago      Weight   Price  Ago
TX/OK/NM                 1,136     2,200      1,184    142.23    141.55
KANSAS
NEBRASKA                    40                1,077    143.89
COLORADO
WESTERN CORNBELT
 TOTAL 5-AREA            1,176     2,200      1,180    142.29    141.55
N.CENTRAL/E.MT
WESTERN STATES
EASTERN CORNBELT            76        69      1,397    145.00    136.44
NORTHEASTERN STATE


-------------------------------------------------------------------
Regional Breakdown:
  WESTERN CORNBELT - IA,MN,MO.
  TOTAL 5-AREA - CO,IA,KS,MN,NE,NM,OK,TX
  N.CENTRAL/E.MT - MT,ND,SD,WY.
  WESTERN STATES - AZ,CA,ID,NV,OR,UT,WA.
  EASTERN CORNBELT - IL,IN,KY,MI,WI.
  NORTHEASTERN STATES - CT,DE,MA,MD,ME,NH,NJ,NY,OH,PA,RI,WV,VA,VT.
-------------------------------------------------------------------


Source:    USDA Market News Service, St. Joseph, MO
            816-676-7000    email:  stjoe.lpgmn@usda.gov
           www.ams.usda.gov/LSMarketNews

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