IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Afternoon
LM_CT136
St Joseph, MO    Fri Jun 08, 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:      11,594            Week ago:    4,658          Year ago:    4,266
Week to Date:   14,590            Week ago:    7,825          Year ago:   12,780

NEGOTIATED GRID BASE:
Confirmed:         669            Week ago:      444          Year ago:    1,412
Week to Date:    1,566            Week ago:      762          Year ago:    4,043


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    3,418     63.4   1,250-1,500  1,388.7  112.00-116.00  114.61
 65 - 80% Choice    1,502     63.0   1,300-1,400  1,344.7  112.00-115.00  114.82
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   4,920     63.3   1,250-1,500  1,375.2  112.00-116.00  114.68
STEER - DRESSED - DELIVERED
 Over 80% Choice    1,138     63.1     787-920      880.3  181.00-182.00  181.83
 65 - 80% Choice      572     63.0     816-914      870.5  182.00-182.00  182.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,710     63.1     787-920      877.0  181.00-182.00  181.89
HEIFER - LIVE - FOB
 Over 80% Choice      287     62.9   1,235-1,275  1,251.4  114.00-115.00  114.28
 65 - 80% Choice      700     62.8   1,175-1,275  1,205.9  114.00-115.00  114.60
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     987     62.8   1,175-1,275  1,219.1  114.00-115.00  114.50
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      532     63.1     759-841      815.9  182.00-182.00  182.00
 65 - 80% Choice      274     62.7     772-775      772.9  182.00-182.00  182.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     806     63.0     759-841      801.3  182.00-182.00  182.00
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice    1,496     63.4   1,225-1,400  1,291.5  114.00-115.00  114.70
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,496     63.4   1,225-1,400  1,291.5  114.00-115.00  114.70
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      440     63.4     768-873      825.7  182.00-182.00  182.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     440     63.4     768-873      825.7  182.00-182.00  182.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   7,403     63.2   1,175-1,500  1,337.5  112.00-116.00  114.66
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   2,956     63.1     759-920      848.7  181.00-182.00  181.93
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       84     59.1     775-855      807.6  150.00-160.00  153.24
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      84     59.1     775-855      807.6  150.00-160.00  153.24
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      115     63.6     901-960      921.0  181.00-184.00  182.96
 65 - 80% Choice       40     62.5     796-796      796.0  181.00-181.00  181.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     155     63.3     796-960      888.8  181.00-184.00  182.45
HEIFER - LIVE - FOB
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      160     63.0     750-771      759.8  181.00-184.00  182.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     160     63.0     750-771      759.8  181.00-184.00  182.00
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      164     63.3     819-857      844.7  180.00-184.00  183.24
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     164     63.3     819-857      844.7  180.00-184.00  183.24
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     479     63.2     750-960      830.6  180.00-184.00  182.57
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      145     59.9     825-825      825.0  147.00-147.00  147.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     145     59.9     825-825      825.0  147.00-147.00  147.00
MIXED STEER/HEIFER/COW - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER/COW - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       45     62.5     841-841      841.4  185.00-185.00  185.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      45     62.5     841-841      841.4  185.00-185.00  185.00

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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