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Missouri Weekly Cattle Auction Summary

Most Recent Report

7/15/2023

Total Run: 55,146

Market Notes

Compared to two weeks ago, steers and heifers steady to 5.00 higher, however there were some spots of weak to 3.00 lower depending on location and attractiveness of calves. The supply of cattle was moderate to heavy this week after most sale barns were closed the prior week for the holiday. Not only was there a week of closed sale barns, but dry conditions continue to take a toll and producers are bringing cattle to town that would otherwise still be at home. Demand was moderate to good with the market staying mostly firm, if the cattle are right. Some relief came late last week and over the weekend with rains hitting several areas of the state. The rains were needed, but more would be most welcome as pastures are getting thin, the corn crop is filling ears, and the soybean crop is starting to set pods. The most recent drought monitor for Missouri showed an expansion of D3 Extreme drought and parts of central Missouri are now classified D4 Exceptional Drought. Last week's Missouri Crop Progress categorized pasture condition as: 4 percent good, 25 percent fair, 41 percent poor, and 30 percent very poor. Supply of hay was rated: 23 percent adequate, 36 percent short, and 41 percent very short. There continues to be a steady demand of producers looking for hay, as hay fields have not yielded as much and they are worried about what the fall and winter will bring. Boxed beef choice cuts closed on Friday at 305.94, 10.96 lower than a week ago and Select closed at 276.61, 9.02 lower than a week ago. There were some negotiated cash sales with 35,663 head confirmed as of Friday's close, mostly from 183.00 to 186.00 for live, and dressed mostly at 290.00 to 291.00. Monday's Missouri Stocker Formula consists of 8534 head with a weighted average weight of 547.15 lbs and a price value of 274.15, 19.52 lower than a week ago, however the formula was influenced last week by special sales and few regular sales.

Supply included: 80% Feeder Cattle (51% Steers, 1% Dairy Steers, 45% Heifers, 3% Bulls); 16% Slaughter Cattle (3% Steers, 1% Heifers, 89% Cows, 7% Bulls); 4% Replacement Cattle (21% Stock Cows, 47% Bred Cows, 2% Bred Heifers, 31% Cow-Calf Pairs, 0% Bulls). Feeder cattle supply over 600 lbs was 47%.

LIVESTOCK SUMMARY Current Week Last Reported 6/26/2023 Last Year Total Receipts: 55,146 42,034 45,377 Feeder Cattle: 44,150(80.1%) 34,474(82.0%) 37,897(83.5%) Slaughter Cattle: 8,838(16.0%) 5,981(14.2%) 6,192(13.6%) Replacement Cattle: 2,158(3.9%) 1,579(3.8%) 1,288(2.8%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 277.5 307 322 $767
300-400 260 295 332.5 $1,032
400-500 250 295 333 $1,326
500-600 $--
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 237 237 0.0000 $593
300-400 $--
400-500 $--
500-600 $--
600-700 $--
700-800 $--

*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.

Cows & Bulls

Type Min Avg Max
Slaughter Bulls $101 $128 $149

Total Run

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