Boonville - Missouri Valley Commission Company: Feeder Cattle Weighted Average Report for 12/16/2014

Wednesday, December 17, 2014

Receipts:  708    Week Ago:  323    Year Ago:  772

   Compared to last week, feeder steers and heifers sold 8.00 to 10.00 lower 
with many instances of 15.00 lower. Slaughter cows steady to 3.00 higher. A 
standing room only crowd was on hand for the monthly Special Cow Sale, and while 
there were no large strings of bred cows or pairs available, there were plenty 
of small groups and single head lots for buyers to put together as they saw fit. 
The feeder cattle market continues to feel the pressure with Live and Feeder 
Cattle futures closing limit (3.00) down again Tuesday, lower boxed beef and 
sharply lower fat cattle trade the last two weeks. While many are questioning if 
beef demand is waning going into 2015 itís hard to say if that is the whole 
story or if the pressure is due at least in part to the fact that many families 
turn to other meat sources during the holiday season. Either way, most market 
participants are ready to take a step back and let the dust of a record-setting 
year settle before beginning again. Supply and demand moderate. Cows and bulls 
accounted for 58 percent of the total offering. The feeder supply consisted of 
42 percent steers and bulls and 58 percent heifers; 56 percent of all the feeder 
cattle weighed over 600 lbs. 

***Scheduling Note: This is this last sale of 2014 at Missouri Valley Commission 
Company. The barn will be closed December 23 and December 30th. Merry Christmas 
from the USDA/MDA Market News Staff.***

                Feeder Steers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    2      412       412       301.00         301.00

    6    505-520     510       241.00         241.00
    7      553       553       240.00         240.00

    8    600-625     609    230.00-234.50     231.73

    4    722-745     734    203.50-210.50     206.95
   10      792       792       205.00         205.00

    6      888       888       185.50         185.50

                Feeder Steers Medium and Large 1-2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    2      535       535       230.00         230.00
    6    572-585     581    214.50-230.00     224.91
    9    600-648     620    210.00-230.00     222.94
   12      661       661       220.00         220.00

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    7    312-345     331    299.00-303.00     300.62

   16    413-440     429    249.00-261.00     252.88
    4    465-470     468    245.50-251.00     248.24

    5    505-535     517    237.50-239.50     238.33

   36    610-636     632    207.00-211.00     210.49
    6      656       656       210.50         210.50

   10      740       740       205.00         205.00

    2      922       922       170.50         170.50

               Feeder Heifers Medium and Large 1-2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   11    508-528     517    216.00-226.00     222.29
   13    566-592     572    210.50-225.00     216.37
    6      618       618       195.00         195.00
    8    652-687     678    194.50-203.00     198.81
    4      756       756       200.50         200.50

                Feeder Bulls Medium and Large 1-2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    3      310       310       323.00         323.00
    3      372       372       305.00         305.00
    2      480       480       221.00         221.00
    2      602       602       180.00         180.00
    3      732       732       195.50         195.50
    6      798       798       182.50         182.50

Source:  MO Dept of Ag/USDA Market News Service, Boonville, MO
         Tracey Thompson, Market Reporter, 573-751-5618
         24 Hour Market Report 1-573-522-9244
         www.ams.usda.gov/mnreports/JC_LS754.txt
 
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