IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Fri Oct 12, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Thursday, 10/11/2018

On Thursday, trade was light on light to moderate demand. Compared to
Wednesday, a few live purchases traded 1.00-2.00 lower at 108.00. The latest
established dressed market was on Wednesday, with purchases at 174.00.

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:       4,432            Week ago:   28,026          Year ago:   22,563
Week to Date:   20,113            Week ago:   33,710          Year ago:   24,908

NEGOTIATED GRID BASE:
Confirmed:         492            Week ago:    1,393          Year ago:    3,670
Week to Date:    2,662            Week ago:    5,782          Year ago:    4,871


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    1,329     63.8   1,425-1,525  1,511.1  108.00-109.00  108.41
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,329     63.8   1,425-1,525  1,511.1  108.00-109.00  108.41
STEER - LIVE - DELIVERED
 Over 80% Choice       74     63.3   1,400-1,425  1,411.5  109.00-109.50  109.23
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      74     63.3   1,400-1,425  1,411.5  109.00-109.50  109.23
STEER - DRESSED - DELIVERED
 Over 80% Choice    1,204     63.6     918-968      949.5  171.00-174.00  172.57
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades   1,204     63.6     918-968      949.5  171.00-174.00  172.57
STEER - DRESSED - FOB
 Over 80% Choice      105     63.5     953-953      953.0  170.00-170.00  170.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     105     63.5     953-953      953.0  170.00-170.00  170.00
HEIFER - LIVE - FOB
 Over 80% Choice      340     63.5   1,340-1,350  1,342.4  108.00-108.00  108.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     340     63.5   1,340-1,350  1,342.4  108.00-108.00  108.00
HEIFER - LIVE - DELIVERED
 Over 80% Choice       43     63.3   1,200-1,200  1,200.0  108.50-108.50  108.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      43     63.3   1,200-1,200  1,200.0  108.50-108.50  108.50
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      507     63.5     800-857      834.0  172.00-174.00  173.26
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     507     63.5     800-857      834.0  172.00-174.00  173.26
HEIFER - DRESSED - FOB
 No Reportable Trad.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      480     63.4   1,300-1,425  1,335.0  108.00-109.00  108.22
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     480     63.4   1,300-1,425  1,335.0  108.00-109.00  108.22
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      275     63.0     803-884      857.0  170.00-174.00  171.98
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     275     63.0     803-884      857.0  170.00-174.00  171.98
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   2,149     63.7   1,300-1,525  1,445.1  108.00-109.00  108.30
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   1,986     63.5     800-968      907.2  170.00-174.00  172.67
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trad.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       75     61.0     881-881      881.5  154.00-154.00  154.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      75     61.0     881-881      881.5  154.00-154.00  154.00
MIXED STEER/HEIFER/COW 
 No Reportable Trad.

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 
 No Reportable Trad.
HEIFER - LIVE - FOB
 No Reportable Trad.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      100     63.1     777-787      785.2  172.00-173.00  172.12
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     100     63.1     777-787      785.2  172.00-173.00  172.12
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trad.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      158     62.9     762-885      817.8  168.00-174.00  172.38
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     158     62.9     762-885      817.8  168.00-174.00  172.38
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     258     63.0     762-885      805.1  168.00-174.00  172.28
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trad.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      194     60.2     833-892      871.2  145.00-146.00  145.35
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     194     60.2     833-892      871.2  145.00-146.00  145.35
MIXED STEER/HEIFER/COW 
 No Reportable Trad.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                   6,400        1,514.30          109.49
 Live    Heifer                    755        1,341.20          108.55
 Dressed Steer                   8,019          965.10          173.71
 Dressed Heifer                  2,275          835.10          173.70

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                  12,742        1,485.40          110.62
 Live    Heifer                  5,980        1,332.40          110.08
 Dressed Steer                   6,333          953.00          174.52
 Dressed Heifer                  3,150          824.70          174.25

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                   7,228        1,493.80          110.60
 Live    Heifer                  3,263        1,346.40          110.62
 Dressed Steer                   5,300          937.90          174.92
 Dressed Heifer                  1,037          843.40          175.00

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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