LM_CT153
St. Joseph, MO   Mon Feb 24, 2020    USDA Market News

NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE - PRIOR WEEK SLAUGHTER AND CONTRACT
PURCHASES

For Week Ending Sunday, 02/23/2020

                           A:   PACKER OWNED SLAUGHTER
Domestic:
       Head        Carcass       Wtd Avg       Avg      Avg % Choice    Avg % YG
       Count       Wt Range      Carcass    Dressing%     or Better        1,2,3
       7,815      735-1,025         873       63.6          89.1          86.0

Imported:
       Head        Carcass       Wtd Avg       Avg      Avg % Choice    Avg % YG
       Count       Wt Range      Carcass    Dressing%     or Better        1,2,3
                     -

       B:   PRIOR WEEK SLAUGHTERED FORMULA AND FORWARD CONTRACT HEAD COUNT

Domestic:                      Head Count
  Forward Contract                 35,505
  Formula                         296,189
  Negotiated                       85,174
  Negotiated Grid                  11,936

Imported:
  Forward Contract                  5,323
  Formula                              94
  Negotiated                          194
  Negotiated Grid                       0

Total Slaughtered Head Count:     434,415

                  C:    FORWARD CONTRACT PURCHASED CATTLE WEEKLY

Total New signings last week:        Cumulative Total for listed months:
             21,849                              1,533,082

Delivery Mo./Basis Mo.   New Last  Cumulative Total   Basis Wtd   Basis Level
                           Week       For Month          Avg      Min     Max
Feb '20/Feb                           178,813
Feb '20/Apr
Feb '20/Jun
Feb '20/Aug
Feb '20/Oct
Feb '20/Dec
Total Feb Deliveries                  178,813         ($4.92) ($25.00)   $8.00
Last Yr Feb Deliveries                118,249

Mar '20/Feb
Mar '20/Apr                 119       193,138          $3.70    $3.70    $3.70
Mar '20/Jun
Mar '20/Aug
Mar '20/Oct
Mar '20/Dec
Total Mar Deliveries        119       193,138         ($4.82) ($25.00)   $8.50
Last Yr Mar Deliveries                180,889

Apr '20/Feb
Apr '20/Apr                 480       233,840        ($13.00) ($13.00) ($13.00)
Apr '20/Jun
Apr '20/Aug
Apr '20/Oct
Apr '20/Dec
Total Apr Deliveries        480       233,840         ($4.81) ($25.00)   $8.50
Last Yr Apr Deliveries                266,215

May '20/Feb
May '20/Apr
May '20/Jun                 337       153,261          $3.44  ($10.00)   $5.00
May '20/Aug
May '20/Oct
May '20/Dec
Total May Deliveries        337       153,261         ($2.10) ($20.00)  $13.50
Last Yr May Deliveries                168,153

Jun '20/Feb
Jun '20/Apr
Jun '20/Jun                 692       154,820         ($8.99) ($15.00)   $4.00
Jun '20/Aug
Jun '20/Oct
Jun '20/Dec
Total Jun Deliveries        692       154,820         ($3.64) ($20.00)   $9.00
Last Yr Jun Deliveries                239,096

Jul '20/Feb
Jul '20/Apr
Jul '20/Jun
Jul '20/Aug               1,330        90,261         ($4.41) ($15.00)   $0.50
Jul '20/Oct
Jul '20/Dec
Total Jul Deliveries      1,330        90,261         ($4.70) ($19.00)   $7.00
Last Yr Jul Deliveries                192,076

Aug '20/Feb
Aug '20/Apr
Aug '20/Jun
Aug '20/Aug                 912        86,850         ($6.02) ($15.00)   $0.00
Aug '20/Oct
Aug '20/Dec
Total Aug Deliveries        912        86,850         ($4.86) ($20.00)   $6.00
Last Yr Aug Deliveries                225,953

Sep '20/Feb
Sep '20/Apr
Sep '20/Jun
Sep '20/Aug
Sep '20/Oct                 893        98,727        ($11.96) ($15.00)  ($2.00)
Sep '20/Dec
Total Sep Deliveries        893        98,727         ($4.89) ($16.00)   $3.50
Last Yr Sep Deliveries                245,402

Oct '20/Feb
Oct '20/Apr
Oct '20/Jun
Oct '20/Aug
Oct '20/Oct               1,218        86,123         ($6.25) ($15.00)   $0.00
Oct '20/Dec
Total Oct Deliveries      1,290        86,195         ($5.67) ($20.00)   $3.00
Last Yr Oct Deliveries                213,638

Nov '20/Feb
Nov '20/Apr
Nov '20/Jun
Nov '20/Aug
Nov '20/Oct
Nov '20/Dec               1,696        87,968         ($6.31) ($14.00)  ($1.00)
Total Nov Deliveries      1,696        87,968         ($5.41) ($18.00)   $3.00
Last Yr Nov Deliveries                210,194

Dec '20/Feb
Dec '20/Apr
Dec '20/Jun
Dec '20/Aug
Dec '20/Oct
Dec '20/Dec               1,912        64,346         ($7.03) ($13.00)  ($1.00)
Total Dec Deliveries      1,912        64,346         ($7.73) ($17.00)   $3.00
Last Yr Dec Deliveries                164,639

Jan '21/Feb               4,256        39,585         ($5.18) ($12.00)  ($1.00)
Jan '21/Apr
Jan '21/Jun
Jan '21/Aug
Jan '21/Oct
Jan '21/Dec
Total Jan Deliveries      4,256        39,585         ($7.79) ($15.00)   $0.00
Last Yr Jan Deliveries                195,199

Feb '21/Feb               1,872        27,439         ($5.34) ($12.00)  ($1.00)
Feb '21/Apr
Feb '21/Jun
Feb '21/Aug
Feb '21/Oct
Feb '21/Dec
Total Feb Deliveries      1,872        27,439         ($8.42) ($15.00)   $0.00
Last Yr Feb Deliveries                178,813

Mar '21/Feb
Mar '21/Apr               3,030        18,472         ($9.65) ($12.00)  ($1.00)
Mar '21/Jun
Mar '21/Aug
Mar '21/Oct
Mar '21/Dec
Total Mar Deliveries      3,030        18,472         ($8.55) ($15.00)  ($1.00)
Last Yr Mar Deliveries                193,138

Apr '21/Feb
Apr '21/Apr               3,030        18,227        ($13.00) ($13.00) ($13.00)
Apr '21/Jun
Apr '21/Aug
Apr '21/Oct
Apr '21/Dec
Total Apr Deliveries      3,030        18,227         ($9.98) ($15.00)  ($1.00)
Last Yr Apr Deliveries                233,840

May '21/Feb
May '21/Apr
May '21/Jun                             1,140
May '21/Aug
May '21/Oct
May '21/Dec
Total May Deliveries                    1,140         ($1.82)  ($8.08)  ($1.00)
Last Yr May Deliveries                153,261


                        D:   BASIS DISTRIBUTION

Delivery Mo./Basis Mo.

Mar '20/Apr
        119 head =      +3.70

Apr '20/Apr
        480 head =     -13.00

May '20/Jun
         35 head =     -10.00
        302 head =      +5.00

Jun '20/Jun
        340 head =     -15.00
        124 head =     -13.00
         30 head =     -10.00
        198 head =      +4.00

Jul '20/Aug
        340 head =     -15.00
        100 head =     -10.00
        124 head =      -0.50
        171 head =       0.00
        595 head =      +0.50

Aug '20/Aug
        340 head =     -15.00
         30 head =     -10.00
        172 head =      -0.50
        370 head =       0.00

Sep '20/Oct
        340 head =     -15.00
        385 head =     -13.00
         30 head =     -10.00
        138 head =      -2.00

Oct '20/Oct
        340 head =     -15.00
        140 head =     -13.00
         30 head =     -10.00
        198 head =      -1.50
        100 head =      -1.00
        410 head =       0.00

Oct '20/Nov
         72 head =      -1.50

Nov '20/Dec
        245 head =     -14.00
        310 head =     -13.00
        207 head =     -10.00
        118 head =      -2.00
        240 head =      -1.50
        576 head =      -1.00

Dec '20/Dec
        800 head =     -13.00
        252 head =      -8.20
        111 head =      -2.00
        749 head =      -1.00

Jan '21/Feb
      1,559 head =     -12.00
        629 head =      -2.00
      2,068 head =      -1.00



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
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