IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Wed Oct 09, 2019    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Tuesday, 10/08/2019

On Tuesday negotiated cash trade was light on moderate demand. A few early
live purchases traded at 109.00, however not enough for an adequate market
test. The latest established market was last week with live purchases from 107
.00-108.00 with dressed purchases at 170.00.

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:       2,209            Week ago:      222          Year ago:    1,224
Week to Date:    2,327            Week ago:      370          Year ago:    1,512

NEGOTIATED GRID BASE:
Confirmed:         391            Week ago:      385          Year ago:      647
Week to Date:    1,080            Week ago:      986          Year ago:    1,120


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     1,114     64.3   1,350-1,625  1,471.9  109.00-109.00  109.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades    1,114     64.3   1,350-1,625  1,471.9  109.00-109.00  109.00
STEERS: LIVE DELIVERED
No Reportable Trade.
STEERS: DRESSED DELIVERED
No Reportable Trade.
STEERS: DRESSED FOB
No Reportable Trade.
HEIFERS: LIVE FOB
Over 80% Choice                           -                      -
65 - 80% Choice       148     64.3   1,275-1,275  1,275.0  109.00-109.00  109.00
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      148     64.3   1,275-1,275  1,275.0  109.00-109.00  109.00
HEIFERS: LIVE DELIVERED
No Reportable Trade.
HEIFERS: DRESSED DELIVERED
No Reportable Trade.
HEIFERS: DRESSED FOB
No Reportable Trade.
MIXED STEER/HEIFERS: LIVE FOB
Over 80% Choice       785     64.3   1,250-1,600  1,371.7  109.00-109.00  109.00
65 - 80% Choice       111     64.3   1,300-1,350  1,316.7  109.00-109.00  109.00
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      896     64.3   1,250-1,600  1,364.9  109.00-109.00  109.00
MIXED STEER/HEIFERS: LIVE DELIVERED
No Reportable Trade.
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice        51     63.8     876-886      879.0  170.00-170.00  170.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       51     63.8     876-886      879.0  170.00-170.00  170.00
MIXED STEER/HEIFERS: DRESSED FOB
No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB            2,158     64.3   1,250-1,625  1,414.0  109.00-109.00  109.00

LIVE DELIVERED                            -                      -

DRESSED DELIVERED      51     63.8     876-886      879.0  170.00-170.00  170.00

DRESSED FOB                               -                      -
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
Over 80% Choice        36     64.3   1,525-1,525  1,525.0  109.00-109.00  109.00
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades       36     64.3   1,525-1,525  1,525.0  109.00-109.00  109.00
STEERS: DRESSED DELIVERED
Over 80% Choice                           -                      -
65 - 80% Choice       154     61.7     930-937      934.0  163.00-163.00  163.00
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      154     61.7     930-937      934.0  163.00-163.00  163.00
HEIFERS: LIVE FOB
No Reportable Trade.
HEIFERS: DRESSED DELIVERED
No Reportable Trade.
MIXED STEER/HEIFERS: LIVE FOB
No Reportable Trade.
MIXED STEER/HEIFERS: DRESSED DELIVERED
Over 80% Choice       201     61.8     762-850      797.3  164.00-170.00  166.39
65 - 80% Choice                           -                      -
35 - 65% Choice                           -                      -
 0 - 35% Choice                           -                      -
Total all grades      201     61.8     762-850      797.3  164.00-170.00  166.39
ALL BEEF TYPE STEERS AND HEIFERS
LIVE FOB               36     64.3   1,525-1,525  1,525.0  109.00-109.00  109.00

DRESSED DELIVERED     355     61.8     762-937      856.6  163.00-170.00  164.92
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.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   1,114        1,471.90          109.00
 Live    Heifer                    148        1,275.00          109.00
 Dressed Steer
 Dressed Heifer                     78          822.40          170.00

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                      40        1,450.00          106.00
 Live    Heifer
 Dressed Steer                      40          945.00          165.00
 Dressed Heifer

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                     275        1,507.70          110.33
 Live    Heifer
 Dressed Steer                     484          941.20          174.00
 Dressed Heifer

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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