IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
USDA - Fri Aug 23, 7:03AM CDT
LM_CT137
St Joseph, MO    Fri Aug 23, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Thursday, 08/22/2019

On Thursday trading was limited on light to moderate demand. A few live trades
moved at 110.00 and a few dressed trades moved at 178.00. However, not enough
trades for a market trend. Last week, on a light test live cash trades moved
from 106.50-110.00 and dressed trades moved from 170.00-172.00.

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:       6,136            Week ago:    1,600          Year ago:    8,331
Week to Date:    8,748            Week ago:    7,640          Year ago:   23,744

NEGOTIATED GRID BASE:
Confirmed:         980            Week ago:      125          Year ago:      334
Week to Date:    1,783            Week ago:    1,302          Year ago:    5,319


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       453     63.7   1,350-1,450  1,407.1  109.00-111.00  110.27
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      453     63.7   1,350-1,450  1,407.1  109.00-111.00  110.27
STEERS: LIVE DELIVERED
Over 80% Choice        36     63.8   1,375-1,375  1,375.0  110.00-110.00  110.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       36     63.8   1,375-1,375  1,375.0  110.00-110.00  110.00
STEERS: DRESSED DELIVERED
Over 80% Choice     1,482     62.7     857-977      921.3  174.00-178.00  176.90
65 - 80% Choice       178     63.0     914-914      914.0  177.00-177.00  177.00
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    1,660     62.7     857-977      920.5  174.00-178.00  176.91
STEERS: DRESSED FOB
Over 80% Choice       290     64.0     928-928      928.0  175.00-175.00  175.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      290     64.0     928-928      928.0  175.00-175.00  175.00
HEIFERS: LIVE FOB
Over 80% Choice       573     63.6   1,200-1,350  1,275.0  110.00-111.00  110.08
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      573     63.6   1,200-1,350  1,275.0  110.00-111.00  110.08
HEIFERS: LIVE DELIVERED
Over 80% Choice        12     63.3   1,225-1,225  1,225.0  110.00-110.00  110.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       12     63.3   1,225-1,225  1,225.0  110.00-110.00  110.00
HEIFERS: DRESSED DELIVERED
Over 80% Choice     1,181     63.0     767-857      825.9  173.00-178.00  176.17
65 - 80% Choice       565     62.5     844-844      844.0  178.00-178.00  178.00
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    1,746     62.8     767-857      831.7  173.00-178.00  176.76
HEIFERS: DRESSED FOB
Over 80% Choice        82     64.0     800-800      800.0  175.00-175.00  175.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       82     64.0     800-800      800.0  175.00-175.00  175.00
MIXED STEER/HEIFERS: LIVE FOB
Over 80% Choice       603     63.3   1,300-1,400  1,338.9  109.00-110.00  109.94
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      603     63.3   1,300-1,400  1,338.9  109.00-110.00  109.94
MIXED STEER/HEIFERS: LIVE DELIVERED
Over 80% Choice        64     63.7   1,200-1,350  1,317.2  110.00-111.00  110.19
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       64     63.7   1,200-1,350  1,317.2  110.00-111.00  110.19
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice       431     63.0     803-913      867.9  174.00-178.00  175.78
65 - 80% Choice       144     62.6     806-819      813.2  175.00-178.00  176.33
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      575     62.9     803-913      854.2  174.00-178.00  175.92
MIXED STEER/HEIFERS: DRESSED FOB
Over 80% Choice        42     64.0     800-800      800.0  174.00-174.00  174.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       42     64.0     800-800      800.0  174.00-174.00  174.00
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB            1,629     63.5   1,200-1,450  1,335.4  109.00-111.00  110.08

LIVE DELIVERED        112     63.7   1,200-1,375  1,325.9  110.00-111.00  110.11

DRESSED DELIVERED   3,981     62.8     767-977      872.0  173.00-178.00  176.70

DRESSED FOB           414     64.0     800-928      889.7  174.00-175.00  174.90
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        72     63.4     908-913      911.0  174.00-174.00  174.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       72     63.4     908-913      911.0  174.00-174.00  174.00
HEIFERS: LIVE FOB
No Reportable Trade.
HEIFERS: DRESSED DELIVERED
Over 80% Choice       145     63.1     756-806      789.3  174.00-177.00  175.44
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      145     63.1     756-806      789.3  174.00-177.00  175.44
MIXED STEER/HEIFERS: LIVE FOB
Over 80% Choice        75     63.5   1,300-1,324  1,312.0  110.00-110.00  110.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       75     63.5   1,300-1,324  1,312.0  110.00-110.00  110.00
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice       416     63.0     803-863      830.1  172.00-177.00  174.61
65 - 80% Choice       202     62.3     796-930      834.5  175.00-177.00  176.19
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      618     62.8     796-930      831.6  172.00-177.00  175.13
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB               75     63.5   1,300-1,324  1,312.0  110.00-110.00  110.00

DRESSED DELIVERED     835     62.9     756-930      831.1  172.00-177.00  175.08
DAIRYBRED STEER/HEIFERS: LIVE FOB
No Reportable Trade.
DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice        70     59.8     862-870      866.4  156.00-156.00  156.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       70     59.8     862-870      866.4  156.00-156.00  156.00
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                     453        1,407.10          110.27
 Live    Heifer                    695        1,276.40          109.90
 Dressed Steer                   2,715          907.90          175.95
 Dressed Heifer                  2,214          829.20          176.37

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                   2,228        1,413.40          106.00
 Live    Heifer                    461        1,253.70          106.82
 Dressed Steer                   1,611          927.20          171.11
 Dressed Heifer                  1,782          806.10          170.49

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   8,702        1,462.00          108.89
 Live    Heifer                  2,520        1,280.50          108.31
 Dressed Steer                   7,174          929.60          172.46
 Dressed Heifer                  1,294          792.10          173.03

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
1130C







.