IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Fri Nov 08, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Thursday, 11/07/2019

On Thursday negotiated cash trade and demand was moderate. In the Western
Cornbelt compared to last week, live purchases traded 1.00 higher from 114
.00-115.00. Dressed purchases compared to last week, traded mostly 2.00 higher
from 181.00-182.00, bulk at 182.00.

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:      10,930            Week ago:    4,489          Year ago:   10,073
Week to Date:   13,486            Week ago:    5,582          Year ago:   17,269

NEGOTIATED GRID BASE:
Confirmed:         971            Week ago:      498          Year ago:      572
Week to Date:    2,533            Week ago:    1,306          Year ago:    2,675


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
STEERS: LIVE FOB
Over 80% Choice     3,015     62.9   1,325-1,575  1,537.0  114.00-115.00  114.17
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    3,015     62.9   1,325-1,575  1,537.0  114.00-115.00  114.17
STEERS: LIVE DELIVERED
Over 80% Choice        50     64.0   1,480-1,480  1,480.0  116.00-116.00  116.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       50     64.0   1,480-1,480  1,480.0  116.00-116.00  116.00
STEERS: DRESSED DELIVERED
Over 80% Choice     2,511     63.6     906-1,039    965.4  177.00-182.00  181.63
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    2,511     63.6     906-1,039    965.4  177.00-182.00  181.63
STEERS: DRESSED FOB
Over 80% Choice       400     63.0     961-961      961.0  180.00-180.00  180.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      400     63.0     961-961      961.0  180.00-180.00  180.00
HEIFERS: LIVE FOB
Over 80% Choice     1,286     63.4   1,300-1,425  1,355.5  114.00-115.00  114.67
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    1,286     63.4   1,300-1,425  1,355.5  114.00-115.00  114.67
HEIFERS: LIVE DELIVERED
Over 80% Choice       131     64.2   1,275-1,350  1,338.5  114.00-115.00  114.15
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      131     64.2   1,275-1,350  1,338.5  114.00-115.00  114.15
HEIFERS: DRESSED DELIVERED
Over 80% Choice       818     63.5     796-880      842.1  180.00-182.00  181.36
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      818     63.5     796-880      842.1  180.00-182.00  181.36
HEIFERS: DRESSED FOB
Over 80% Choice       135     64.0     784-784      784.0  180.00-180.00  180.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      135     64.0     784-784      784.0  180.00-180.00  180.00
MIXED STEER/HEIFERS: LIVE FOB
Over 80% Choice     1,713     63.1   1,235-1,525  1,437.0  112.00-115.00  114.17
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    1,713     63.1   1,235-1,525  1,437.0  112.00-115.00  114.17
MIXED STEER/HEIFERS: LIVE DELIVERED
Over 80% Choice        98     63.1   1,275-1,350  1,327.6  114.00-115.00  114.78
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       98     63.1   1,275-1,350  1,327.6  114.00-115.00  114.78
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice       773     63.3     816-960      894.3  180.00-182.00  181.74
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      773     63.3     816-960      894.3  180.00-182.00  181.74
MIXED STEER/HEIFERS: DRESSED FOB
No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB            6,014     63.1   1,235-1,575  1,469.7  112.00-115.00  114.28

LIVE DELIVERED        279     63.8   1,275-1,480  1,360.0  114.00-116.00  114.70

DRESSED DELIVERED   4,102     63.5     796-1,039    927.4  177.00-182.00  181.60

DRESSED FOB           535     63.3     784-961      916.3  180.00-180.00  180.00
DAIRYBRED STEER/HEIFERS: LIVE FOB
No Reportable Trade.
DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED
No Reportable Trade.
MIXED STEER/HEIFER/COWS: LIVE FOB
No Reportable Trade.
MIXED STEER/HEIFER/COWS: DRESSED DELIVERED
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
STEERS: LIVE FOB
No Reportable Trade.
STEERS: DRESSED DELIVERED
Over 80% Choice       212     63.2     897-960      923.9  182.00-182.00  182.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      212     63.2     897-960      923.9  182.00-182.00  182.00
HEIFERS: LIVE FOB
No Reportable Trade.
HEIFERS: DRESSED DELIVERED
Over 80% Choice       131     63.4     768-860      837.6  180.00-182.00  181.42
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      131     63.4     768-860      837.6  180.00-182.00  181.42
MIXED STEER/HEIFERS: LIVE FOB
Over 80% Choice       269     63.0   1,420-1,450  1,432.2  115.00-115.00  115.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      269     63.0   1,420-1,450  1,432.2  115.00-115.00  115.00
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice       228     63.2     812-896      850.0  175.00-183.00  179.65
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      228     63.2     812-896      850.0  175.00-183.00  179.65
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB              269     63.0   1,420-1,450  1,432.2  115.00-115.00  115.00

DRESSED DELIVERED     571     63.3     768-960      874.6  175.00-183.00  180.93
DAIRYBRED STEER/HEIFERS: LIVE FOB
No Reportable Trade.
DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice        84     59.3     826-862      841.4  154.00-154.00  154.00
65 - 80% Choice        47     59.5     800-870      852.1  152.00-154.00  153.49
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      131     59.4     800-870      845.3  152.00-154.00  153.82
MIXED STEER/HEIFER/COWS: LIVE FOB
No Reportable Trade.
MIXED STEER/HEIFER/COWS: DRESSED DELIVERED
No Reportable Trade.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   4,160        1,550.60          114.14
 Live    Heifer                  1,393        1,353.60          114.62
 Dressed Steer                   3,158          967.20          181.49
 Dressed Heifer                    953          829.10          180.74

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   2,081        1,504.10          112.75
 Live    Heifer                    422        1,318.40          110.00
 Dressed Steer                     419          948.70          177.90
 Dressed Heifer                    710          825.80          176.39

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   3,410        1,522.00          112.45
 Live    Heifer                  1,664        1,345.40          113.17
 Dressed Steer                   5,609          951.10          179.64
 Dressed Heifer                  2,112          857.10          179.95

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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