IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Afternoon
LM_CT136
St Joseph, MO    Thu Mar 08, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Afternoon
Trade so far today

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:      11,678            Week ago:    5,714          Year ago:    3,186
Week to Date:   19,617            Week ago:   18,429          Year ago:   17,986

NEGOTIATED GRID BASE:
Confirmed:         597            Week ago:      546          Year ago:      187
Week to Date:    2,435            Week ago:    3,029          Year ago:    1,897


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
 Over 80% Choice    4,121     63.2   1,325-1,550  1,449.4  126.00-129.50  127.07
 65 - 80% Choice       83     62.7   1,325-1,325  1,325.0  126.00-126.00  126.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   4,204     63.2   1,325-1,550  1,447.0  126.00-129.50  127.05
STEER - DRESSED - DELIVERED
 Over 80% Choice    2,908     63.5     867-1,015    933.6  204.00-205.00  204.03
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   2,908     63.5     867-1,015    933.6  204.00-205.00  204.03
HEIFER - LIVE - FOB
 Over 80% Choice    1,059     62.8   1,265-1,400  1,320.0  126.00-129.50  126.93
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,059     62.8   1,265-1,400  1,320.0  126.00-129.50  126.93
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      802     63.4     750-896      838.1  202.00-204.00  203.80
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     802     63.4     750-896      838.1  202.00-204.00  203.80
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      411     63.5   1,325-1,450  1,364.2  126.00-130.00  127.75
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     411     63.5   1,325-1,450  1,364.2  126.00-130.00  127.75
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      552     63.5     819-960      880.8  200.00-204.00  203.73
 65 - 80% Choice       40     63.0     850-850      850.5  204.00-204.00  204.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     592     63.5     819-960      878.8  200.00-204.00  203.75
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   5,674     63.1   1,265-1,550  1,417.3  126.00-130.00  127.08
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   4,302     63.5     750-1,015    908.3  200.00-205.00  203.95
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      193     63.4     913-994      977.2  204.00-204.00  204.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     193     63.4     913-994      977.2  204.00-204.00  204.00
HEIFER - LIVE - FOB
  No Reportable Trade.  
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       94     62.6     730-968      860.8  204.00-204.00  204.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      94     62.6     730-968      860.8  204.00-204.00  204.00
MIXED STEER/HEIFER - LIVE - FOB
  No Reportable Trade.  
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      246     62.2     828-919      869.5  204.00-206.00  204.88
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     246     62.2     828-919      869.5  204.00-206.00  204.88
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     533     62.7     730-994      907.0  204.00-206.00  204.41
DAIRYBRED STEER/HEIFER - LIVE - FOB
  No Reportable Trade.  
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       64     58.7     800-825      812.1  142.00-147.00  144.42
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      64     58.7     800-825      812.1  142.00-147.00  144.42
MIXED STEER/HEIFER/COW -  
  No Reportable Trade.  

IOWA/MINNESOTA - IA,MN

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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