Missouri Weekly Cattle Auction Summary
Archived Report
5/1/2021
Total Run: 27,243
Market Notes
Compared to last week, feeders sold 2.00 to 6.00 lower, with several spots of as much as 10.00 lower. The supply of feeders was light to moderate and demand was moderate. Supplies were mostly calves as expected for this time of year with only about 40 percent of the feeder offering over 600 lbs. Some areas of the state received storms and heavy rains mid-week which had some impact but most of the usual high volume sales in the state had already taken place before rains came. The big news that continues to weight on the cattle markets is the climbing grain prices, specifically corn which blew past the 6.00 mark without even slowing down then passed 7.00 in most areas and is setting in the 7.60’s at some of the river elevators on Friday afternoon. The cattle on feed report which everyone viewed as bullish was totally over shadowed by corn prices and did not boost the markets even the slightest this week. Boxed beef cutouts continue to climb. Choice closed on Friday at 296.50, up 12.73 and select closed at 283.05, up 10.92 compared to the previous week. That makes the choice 74.00 higher than the 6 year average Friday close which even includes May of last year when prices were heavily impacted by covid disruptions. Despite the climbing values of beef feedlots were unable to see any gains this week and actually sold slaughter cattle slightly lower. As of the afternoon report on Friday negotiated trade was only about 69k head, with live sales for the week reported mostly from 118.00-120.00 and dressed sales mostly 190.00-191.00. The Missouri Stocker Formula consist of 4029 head, with a weighted average weight of 533.78 lbs. and a price value of 159.51, 5.25 lower than last week.Supply included: 79% Feeder Cattle (47% Steers, 1% Dairy Steers, 44% Heifers, 7% Bulls, 1% Dairy Heifers); 15% Slaughter Cattle (4% Steers, 3% Heifers, 84% Cows, 9% Bulls); 6% Replacement Cattle (26% Stock Cows, 49% Bred Cows, 3% Bred Heifers, 22% Cow-Calf Pairs, 1% Bulls). Feeder cattle supply over 600 lbs was 40%.
LIVESTOCK SUMMARY Current Week Last Reported 4/19/2021 Last Year Total Receipts: 27,243 32,583 34,012 Feeder Cattle: 21,597(79.3%) 26,412(81.1%) 29,040(85.4%) Slaughter Cattle: 4,140(15.2%) 4,494(13.8%) 3,086(9.1%) Replacement Cattle: 1,506(5.5%) 1,677(5.1%) 1,886(5.5%)
Feeder Steers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | 151 | 178 | 205 | $446 |
| 300-400 | 149 | 181 | 205 | $635 |
| 400-500 | 150 | 175 | 199 | $789 |
| 500-600 | 135 | 166 | 181 | $912 |
| 600-700 | $-- | |||
| 700-800 | $-- |
Feeder Heifers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | 145 | 154 | 159.5 | $386 |
| 300-400 | 125 | 155 | 176 | $541 |
| 400-500 | 125 | 148 | 169 | $668 |
| 500-600 | 115 | 141 | 157 | $773 |
| 600-700 | 108.5 | 134 | 142.5 | $874 |
| 700-800 | 123 | 128 | 133.5 | $962 |
*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 | $60 | $90 | $109 |