IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
USDA - Fri Feb 08, 11:14AM CST
LM_CT137
St Joseph, MO    Fri Feb 08, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Thursday, 02/07/2019

On Thursday, negotiated cash trade was mostly inactive on light demand. Not
enough purchases for an adequate market test. The latest established market
was last week, with live purchases from 123.00-126.00 with dressed purchases
from 197.00-200.00.

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:         925            Week ago:    1,259          Year ago:      462
Week to Date:    1,545            Week ago:    1,637          Year ago:    1,277

NEGOTIATED GRID BASE:
Confirmed:         270            Week ago:    2,288          Year ago:      477
Week to Date:      967            Week ago:    2,560          Year ago:    1,572


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
STEER - LIVE - FOB
 No Reportable Trade. 
STEER - LIVE - DELIVERED
 Over 80% Choice      113     62.7   1,450-1,450  1,450.0  125.00-125.00  125.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     113     62.7   1,450-1,450  1,450.0  125.00-125.00  125.00
STEER - DRESSED - DELIVERED
 Over 80% Choice      450     62.0     915-915      915.0  199.00-199.00  199.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     450     62.0     915-915      915.0  199.00-199.00  199.00
STEER - DRESSED - FOB
 Over 80% Choice       68     62.0     961-961      961.0  198.50-198.50  198.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      68     62.0     961-961      961.0  198.50-198.50  198.50
HEIFER - LIVE - FOB
 Over 80% Choice       40     63.3   1,275-1,275  1,275.0  125.00-125.00  125.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     63.3   1,275-1,275  1,275.0  125.00-125.00  125.00
HEIFER - LIVE - DELIVERED
 No Reportable Trade. 
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      159     62.5     796-796      796.9  198.00-198.00  198.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     159     62.5     796-796      796.9  198.00-198.00  198.00
HEIFER - DRESSED - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice       38     63.5   1,375-1,375  1,375.0  124.00-124.00  124.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      38     63.5   1,375-1,375  1,375.0  124.00-124.00  124.00
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       22     62.5     781-781      781.3  197.00-197.00  197.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      22     62.5     781-781      781.3  197.00-197.00  197.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades      78     63.4   1,275-1,375  1,323.7  124.00-125.00  124.51
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     631     62.1     781-915      880.6  197.00-199.00  198.68
DAIRYBRED STEER/HEIFER 
 No Reportable Trade.  
MIXED STEER/HEIFER/COW 
 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
STEER - LIVE - FOB
 No Reportable Trade. 
STEER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       38     61.5     899-915      907.4  197.00-197.00  197.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      38     61.5     899-915      907.4  197.00-197.00  197.00
HEIFER 
 No Reportable Trade. 
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      120     61.8     775-830      797.7  197.00-200.00  198.62
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     120     61.8     775-830      797.7  197.00-200.00  198.62
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     158     61.8     775-915      824.1  197.00-200.00  198.23
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade. 
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      112     59.1     833-930      866.0  154.00-154.00  154.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     112     59.1     833-930      866.0  154.00-154.00  154.00
MIXED STEER/HEIFER/COW 
 No Reportable Trade. 

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer
 Live    Heifer                     40        1,275.00          125.00
 Dressed Steer                     491          918.80          198.83
 Dressed Heifer                    195          798.30          197.82

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                     182        1,512.60          123.12
 Live    Heifer                    117        1,485.00          122.00
 Dressed Steer                     370          929.20          197.00
 Dressed Heifer                    522          858.10          197.00

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                     154        1,575.00          127.00
 Live    Heifer                     78        1,275.00          126.50
 Dressed Steer                      80          983.60          202.00
 Dressed Heifer                    355          838.10          198.23

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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