IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Thu Aug 09, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Wednesday, 08/08/2018

On Wednesday, negotiated cash trade was limited on light demand. On Wednesday, a few 
early live purchases were reported at 109.00 with a few dressed purchases ranging 
from 174.00-179.00. However not enough purchases for an adequate market test. For the 
previous week in the Western Cornbelt for the previous week, the bulk of live 
purchases traded at 112.00, with a few up to 114.00. The bulk of dressed purchases 
last week, traded at 178.00 with a few up to 181.00.

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:       2,839            Week ago:    1,458          Year ago:   14,550
Week to Date:    3,601            Week ago:    8,120          Year ago:   34,383

NEGOTIATED GRID BASE:
Confirmed:         346            Week ago:      343          Year ago:    1,315
Week to Date:    1,065            Week ago:    1,180          Year ago:    3,566


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                          -                      -
 65 - 80% Choice      143     63.0   1,350-1,350  1,350.0  109.00-109.00  109.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     143     63.0   1,350-1,350  1,350.0  109.00-109.00  109.00
STEER - LIVE - DELIVERED
 No Reportable Trade. 
STEER - DRESSED - DELIVERED
 Over 80% Choice    1,615     63.0     914-929      927.9  179.00-179.00  179.00
 65 - 80% Choice      146     64.0     918-918      918.4  174.00-174.00  174.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,761     63.1     914-929      927.1  174.00-179.00  178.59
STEER - DRESSED - FOB
 No Reportable Trade. 
HEIFER - LIVE - FOB
 No Reportable Trade. 
HEIFER - LIVE - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades                         -                      -
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       87     62.0     791-791      791.0  179.00-179.00  179.00
 65 - 80% Choice       86     62.0     791-791      791.0  179.00-179.00  179.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     173     62.0     791-791      791.0  179.00-179.00  179.00
HEIFER - DRESSED - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      550     62.7     806-851      816.8  174.00-179.00  174.73
 65 - 80% Choice      212     62.4     831-844      835.3  174.00-179.00  174.92
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     762     62.6     806-851      821.9  174.00-179.00  174.78
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     143     63.0   1,350-1,350  1,350.0  109.00-109.00  109.00
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   2,696     62.9     791-929      888.6  174.00-179.00  177.54
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 - LIVE - FOB
 No Reportable Trade. 
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       39     63.5     793-793      793.0  178.00-178.00  178.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      39     63.5     793-793      793.0  178.00-178.00  178.00
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      154     63.0     806-857      834.4  175.00-178.00  177.22
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     154     63.0     806-857      834.4  175.00-178.00  177.22
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     193     63.1     793-857      826.0  175.00-178.00  177.38
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      153     60.1     840-907      868.3  149.00-149.00  149.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     153     60.1     840-907      868.3  149.00-149.00  149.00
MIXED STEER/HEIFER/COW 
 No Reportable Trade. 

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                     268        1,420.00          109.00
 Live    Heifer                    480        1,300.00          109.00
 Dressed Steer                   1,773          926.80          178.56
 Dressed Heifer                    173          791.00          179.00

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   2,710        1,406.60          110.07
 Live    Heifer                    290        1,270.70          109.33
 Dressed Steer                   1,811          913.10          175.46
 Dressed Heifer                    668          798.20          174.55

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                  11,868        1,419.30          115.01
 Live    Heifer                  2,472        1,285.90          115.19
 Dressed Steer                   9,291          907.10          183.33
 Dressed Heifer                  3,442          825.00          184.14

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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