IA-MN Daily Direct Slaughter Cattle - Negotiated Purchases - Summary
LM_CT137
St Joseph, MO    Wed Mar 14, 2018    USDA Market News Service

IOWA/MINNESOTA DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Tuesday, 03/13/2018

Trade was light on moderate demand on Tuesday. Not enough purchases for an adequate 
market test. Last week, live purchases traded mostly from 126.00-128.00 with dressed 
purchases mostly at 204.00.

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:       3,366            Week ago:      143          Year ago:    1,438
Week to Date:    3,758            Week ago:      359          Year ago:    1,577

NEGOTIATED GRID BASE:
Confirmed:         250            Week ago:      403          Year ago:      518
Week to Date:      633            Week ago:    1,149          Year ago:      948


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      255     63.1   1,400-1,525  1,447.7  127.00-128.00  127.70
 65 - 80% Choice      346     62.8   1,300-1,425  1,348.0  127.00-128.00  127.62
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     601     63.0   1,300-1,525  1,390.3  127.00-128.00  127.65
STEER - LIVE - DELIVERED
 Over 80% Choice      939     63.6   1,425-1,575  1,487.8  128.00-131.00  129.64
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     939     63.6   1,425-1,575  1,487.8  128.00-131.00  129.64
STEER - DRESSED - DELIVERED
 Over 80% Choice      142     63.2     850-928      874.3  204.00-205.00  204.27
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     142     63.2     850-928      874.3  204.00-205.00  204.27
STEER - DRESSED - FOB
 No Reportable Trade.
HEIFER - LIVE - FOB
 Over 80% Choice      455     63.0   1,250-1,275  1,254.6  126.00-128.00  126.36
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     455     63.0   1,250-1,275  1,254.6  126.00-128.00  126.36
HEIFER - LIVE - DELIVERED
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice      269     62.5     787-878      825.0  204.00-204.00  204.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     269     62.5     787-878      825.0  204.00-204.00  204.00
HEIFER - DRESSED - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice      555     62.6   1,325-1,500  1,462.2  127.00-128.00  127.78
 65 - 80% Choice       80     63.0   1,300-1,300  1,300.0  127.00-127.00  127.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     635     62.7   1,300-1,500  1,441.7  127.00-128.00  127.69
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      195     62.9     796-841      811.8  204.00-205.00  204.21
 65 - 80% Choice       57     62.9     771-781      774.6  201.00-205.00  203.81
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     252     62.9     771-841      803.4  201.00-205.00  204.12
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   1,691     62.9   1,250-1,525  1,373.1  126.00-128.00  127.32
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     663     62.8     771-928      827.3  201.00-205.00  204.10
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       35     60.0     780-780      780.0  168.00-168.00  168.00
 65 - 80% Choice       38     59.5     803-803      803.3  168.00-168.00  168.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      73     59.7     780-803      792.1  168.00-168.00  168.00
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 
 No Reportable Trade.
HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       93     61.8     806-850      832.9  204.00-205.00  204.49
 65 - 80% Choice       37     61.0     823-823      823.5  204.00-204.00  204.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     130     61.6     806-850      830.2  204.00-205.00  204.35
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     130     61.6     806-850      830.2  204.00-205.00  204.35
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       36     60.0     825-825      825.0  168.00-168.00  168.00
 65 - 80% Choice       84     60.2     825-825      825.0  147.00-148.00  147.87
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     120     60.1     825-825      825.0  147.00-168.00  153.91
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

IOWA/MINNESOTA - IA,MN

WEEKLY ACCUMULATED            Head Count     Avg Weight       Avg Price
 Live    Steer                     735        1,399.00          127.82
 Live    Heifer                    455        1,254.60          126.36
 Dressed Steer                     142          874.30          204.27
 Dressed Heifer                    269          825.00          204.00

SAME PERIOD LAST WEEK         Head Count     Avg Weight       Avg Price
 Live    Steer                     319        1,471.00          128.77
 Live    Heifer
 Dressed Steer
 Dressed Heifer

SAME PERIOD LAST YEAR         Head Count     Avg Weight       Avg Price
 Live    Steer                     106        1,453.30          129.25
 Live    Heifer                     86        1,350.00          130.00
 Dressed Steer                     290          950.00          205.00
 Dressed Heifer                    445          950.00          198.85

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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