IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Wed May 16, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Tuesday, 05/15/2018

On Tuesday, trade was light to moderate on light demand. In the Western Cornbelt 
compared to last week, early dressed purchases have traded 4.00-9.00 lower mostly 
at 184.00. Live purchases for the week have traded 2.00-4.00 lower from 116.00-
122.00.

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:       6,047            Week ago:    1,804          Year ago:      940
Week to Date:   13,125            Week ago:    3,445          Year ago:      940

NEGOTIATED GRID BASE:
Confirmed:         434            Week ago:      318          Year ago:      520
Week to Date:    1,048            Week ago:      572          Year ago:      802


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    1,207     63.6   1,325-1,425  1,387.8  115.00-122.00  117.82
 65 - 80% Choice      762     63.0   1,335-1,415  1,368.3  116.00-116.00  116.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,969     63.4   1,325-1,425  1,380.3  115.00-122.00  117.12
STEER - LIVE - DELIVERED
 Over 80% Choice      538     63.5   1,375-1,450  1,420.1  119.50-122.00  121.04
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     538     63.5   1,375-1,450  1,420.1  119.50-122.00  121.04
STEER - DRESSED - DELIVERED
 Over 80% Choice      817     63.2     830-960      884.7  184.00-192.00  189.59
 65 - 80% Choice      334     62.8     777-897      885.6  184.00-184.00  184.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,151     63.1     777-960      885.0  184.00-192.00  187.97
STEER - DRESSED - FOB
 No Reportable Trade.
HEIFER - LIVE - FOB
 Over 80% Choice       44     63.0   1,250-1,250  1,250.0  116.00-116.00  116.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      44     63.0   1,250-1,250  1,250.0  116.00-116.00  116.00
HEIFER - LIVE - DELIVERED
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      277     62.7     718-752      723.8  184.00-191.00  185.06
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     277     62.7     718-752      723.8  184.00-191.00  185.06
HEIFER - DRESSED - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      200     63.5   1,275-1,275  1,275.0  118.00-121.50  119.40
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     200     63.5   1,275-1,275  1,275.0  118.00-121.50  119.40
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      177     63.0     819-866      824.1  185.00-192.00  187.11
 65 - 80% Choice      545     62.7     837-837      837.7  184.00-184.00  184.00
 35 - 65% Choice      995     62.5     953-953      953.1  184.00-184.00  184.00
  0 - 35% Choice                          -                      -
 Total all grades   1,717     62.6     819-953      903.2  184.00-192.00  184.32
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   2,213     63.4   1,250-1,425  1,368.2  115.00-122.00  117.30
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   3,145     62.8     718-960      880.7  184.00-192.00  185.72
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       46     62.0     790-790      790.5  192.00-192.00  192.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      46     62.0     790-790      790.5  192.00-192.00  192.00
HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      153     62.2     762-871      814.4  190.00-196.00  192.51
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     153     62.2     762-871      814.4  190.00-196.00  192.51
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     199     62.2     762-871      808.9  190.00-196.00  192.39
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      235     60.0     800-825      823.6  144.00-149.00  148.72
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     235     60.0     800-825      823.6  144.00-149.00  148.72
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   5,164        1,413.00          119.67
 Live    Heifer                    548        1,210.70          118.82
 Dressed Steer                   2,084          884.80          188.51
 Dressed Heifer                    437          722.00          186.50

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                     800        1,376.60          124.45
 Live    Heifer                    350        1,288.60          125.31
 Dressed Steer                   1,057          825.30          189.82
 Dressed Heifer                    665          740.30          191.01

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer
 Live    Heifer
 Dressed Steer                     900          931.90          211.35
 Dressed Heifer                     40          803.00          215.00

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







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