Direct Slaughter Cattle - Formulated Purchases - Morning

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5. 5/24/2016

Past Market Reports

Report Date: 5/24/2016

LM_CT107
St. Joseph, MO    Tue, May 24, 2016    USDA Market News

NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND GRID PURCHASES -
For Primarily Monday Afternoon, 05/23/2016

            Head     Week to    Same Day    Same Period   Same Day  Same Period
            Count      Date     Week Ago     Last Week    Year Ago   Last Year
FORMULA NET:
Dressed:   34,157     45,774      22,138       49,227           0            0
Live:       3,255      6,817       4,318        7,047           0            0
Total:     37,412     52,591      26,456       56,274           0            0

NEGOTIATED GRID NET:
Dressed:    1,636      3,675         744        3,165           0            0
Live:         475        475         448          448           0            0
Total:      2,111      4,150       1,192        3,613           0            0


FORMULA NET - DRESSED BASIS
                  Head    Wtd Avg     Weight     Avg       Price         Avg Net
                  Count  Dress Pct    Range       Wt       Range          Price
STEER
Over 80% Choice   6,330     64.3    764-977      882  205.59-218.19     212.33
65 - 80% Choice   5,270     64.1    725-1,018    877  204.00-215.18     209.30
35 - 65% Choice   3,921     64.1    665-951      858  202.61-215.18     210.10
 0 - 35% Choice      73     64.0    819-819      819  207.49-207.49     207.49
HEIFER
Over 80% Choice   6,753     64.4    681-971      811  195.40-236.61     213.28
65 - 80% Choice   3,482     63.5    607-832      779  205.23-217.22     211.76
35 - 65% Choice     978     63.2    706-824      756  209.61-215.84     212.56
 0 - 35% Choice     132     64.7    766-766      766  200.94-200.94     200.94
MIXED STEER/HEIFER
Over 80% Choice   1,332     64.2    716-964      826  202.88-242.49     213.25
65 - 80% Choice     451     64.3    771-811      791  201.90-209.21     206.65
35 - 65% Choice     503     63.4    774-833      813  196.26-212.01     205.59
 0 - 35% Choice     144     63.9    816-891      861  198.71-207.87     200.89
ALL STEERS & HEIFERS
                 29,369     64.1    607-1,018    839  195.40-242.49     211.37
MIXED STEER/HEIFER/COW
Over 80% Choice     703     63.6    667-838      796  208.72-215.48     213.32
65 - 80% Choice     652     64.3    777-909      825  197.22-214.65     209.54
35 - 65% Choice     631     64.6    732-849      787  209.25-209.80     209.52
 0 - 35% Choice                        -                    -
DAIRYBRED STEER/HEIFER
Over 80% Choice     636     61.2    634-892      826  200.77-213.74     207.47
65 - 80% Choice   1,139     60.7    753-876      833  196.73-208.31     202.83
35 - 65% Choice   1,027     60.4    749-849      804  199.24-208.31     204.16
 0 - 35% Choice                        -                    -


FORMULA NET - LIVE BASIS
                  Head    Wtd Avg     Weight     Avg       Price         Avg Net
                  Count  Dress Pct    Range       Wt       Range          Price
STEER
Over 80% Choice   1,248     63.9  1,272-1,522   1,410 131.00-135.04     133.53
65 - 80% Choice   1,069     63.6  1,281-1,484   1,364 131.00-132.83     131.85
35 - 65% Choice     273     63.1  1,312-1,475   1,383 131.00-134.00     131.65
 0 - 35% Choice                        -                    -
HEIFER
Over 80% Choice                        -                    -
65 - 80% Choice     148     62.8  1,270-1,270   1,270 131.00-131.00     131.00
35 - 65% Choice                        -                    -
 0 - 35% Choice                        -                    -
MIXED STEER/HEIFER
Over 80% Choice     200     63.0  1,400-1,400   1,400 131.00-131.00     131.00
65 - 80% Choice     116     64.5  1,239-1,259   1,246 134.00-138.02     136.60
35 - 65% Choice      72     62.1  1,239-1,402   1,316 131.00-133.87     132.51
 0 - 35% Choice                        -                    -
ALL STEERS & HEIFERS
                  3,126     63.6  1,239-1,522   1,376 131.00-138.02     132.60
MIXED STEER/HEIFER/COW
 No Reportable Trade.
DAIRYBRED STEER/HEIFER
Over 80% Choice      25     62.0  1,379-1,379   1,379 125.78-125.78     125.78
65 - 80% Choice     104     60.3  1,421-1,511   1,475 122.56-123.00     122.74
35 - 65% Choice                        -                    -
 0 - 35% Choice                        -                    -


NEGOTIATED GRID NET - DRESSED BASIS
                  Head    Wtd Avg     Weight     Avg       Price         Avg Net
                  Count  Dress Pct    Range       Wt       Range          Price
STEER
Over 80% Choice     539     62.9    724-932      829  192.83-210.84     203.70
65 - 80% Choice                        -                    -
35 - 65% Choice      38     64.9    882-882      882  201.51-201.51     201.51
 0 - 35% Choice                        -                    -
HEIFER
 No Reportable Trade.
MIXED STEER/HEIFER
Over 80% Choice     225     63.8    746-813      785  199.87-213.61     207.30
65 - 80% Choice     117     63.3    759-848      799  197.90-212.46     206.85
35 - 65% Choice     234     63.9    726-832      790  192.63-210.10     206.62
 0 - 35% Choice      36     65.1    930-930      930  212.00-212.00     212.00
ALL STEERS & HEIFERS
                  1,189     63.4    724-932      815  192.63-213.61     205.45
MIXED STEER/HEIFER/COW
Over 80% Choice     188     60.3    748-844      803  185.93-196.00     193.06
65 - 80% Choice      17     62.3    825-825      825  193.87-193.87     193.87
35 - 65% Choice                        -                    -
 0 - 35% Choice                        -                    -
DAIRYBRED STEER/HEIFER
Over 80% Choice     100     61.7    814-845      828  194.88-196.55     195.74
65 - 80% Choice      66     61.1    816-842      829  187.36-206.95     197.45
35 - 65% Choice      76     61.7    854-854      854  209.51-209.51     209.51
 0 - 35% Choice                        -                    -


NEGOTIATED GRID NET - LIVE BASIS
                  Head    Wtd Avg     Weight     Avg       Price         Avg Net
                  Count  Dress Pct    Range       Wt       Range          Price
STEER
 No Reportable Trade.
HEIFER
 No Reportable Trade.
MIXED STEER/HEIFER
Over 80% Choice      43     59.1  1,171-1,171   1,171 116.00-116.00     116.00
65 - 80% Choice      47     64.6  1,025-1,025   1,025 115.70-115.70     115.70
35 - 65% Choice     277     63.0  1,203-1,384   1,241 125.58-132.30     127.80
 0 - 35% Choice      40     62.9  1,243-1,243   1,243 133.00-133.00     133.00
ALL STEERS & HEIFERS
                    407     62.7  1,025-1,384   1,209 115.70-133.00     125.67
MIXED STEER/HEIFER/COW
 No Reportable Trade.
DAIRYBRED STEER/HEIFER
Over 80% Choice      68     61.3  1,451-1,451   1,451 194.98-194.98     194.98
65 - 80% Choice                        -                    -
35 - 65% Choice                        -                    -
 0 - 35% Choice                        -                    -


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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