Uncertainty In Futures Markets And Lower Box Beef Cutouts Has Affected Slaughter Prices

A group of cattle in a green field.

Ozarks Regional Stockyards Slaughter / Replacement Cattle – Sep 27, 2023

Summary:

Total Receipts:
Slaughter Cattle:
Replacement Cattle:
This Week
913
570(62.4%)
343(37.6%)
Last Reported
774
460(59.4%)
314(40.6%)
Last Year
1176
602(51.2%)
574(48.8%)

Slaughter cows are still trading lower, around 3.00-5.00 lower, and slaughter bulls were steady. Demand was good on replacement cattle and moderate on slaughter animals. The supply of slaughter animals was heavy while the supply of bred cows and pairs was moderate. Uncertainty in the Futures Markets as well as lower Box Beef Cutouts has affected slaughter prices this week, even though Cutter Cow Cutouts have continued to gain. The USDA’s Cold Storage Report came out on Monday and reported the total pounds of beef in freezers were up 3 percent from the previous month but down 18 percent from last year.

Supply included (percentages are rounded): 72% Slaughter Cattle (14% Bulls, 86% Cows); 28% Replacement Cattle (8% Cow-Calf Pairs, 46% Bred Cows, 39% Stock Cows, 6% Bred Heifers);


Slaughter Cattle

Bulls – 1-2 (Per Cwt / Actual Wt)

Head
21
27
32
Wt Range
1300-1925
1255-1785
1320-1970
Avg Wt
1721
1496
1708
Price Range
130.00-149.00
95.00-119.00
119.00-130.00
Avg Price
135.16
109.73
125.55
Dressing
High
Low
Average

Cows – Boner 80-85% (Per Cwt / Actual Wt)

Head
53
10
62
Wt Range
1045-1375
1070-1290
1030-1385
Avg Wt
1182
1194
1239
Price Range
80.00-94.00
104.00-118.00
95.00-103.00
Avg Price
87.64
106.94
99.73
Dressing
Low
High
Average

Cows – Lean 85-90% (Per Cwt / Actual Wt)

Head
9
130
109
19
Wt Range
850-1150
850-1295
750-1330
690-1150
Avg Wt
1019
1110
1010
833
Price Range
96.00-105.00
84.00-96.00
70.00-83.00
50.00-68.00
Avg Price
100.91
90.26
79.09
60.87
Dressing
High
Average
Low
Very Low

Cows – Breaker 75-80% (Per Cwt / Actual Wt)

Head
21
27
50
Wt Range
1222-1700
1330-1610
1275-1745
Avg Wt
1530
1399
1448
Price Range
106.50-115.00
76.00-95.00
96.00-106.00
Avg Price
109.58
89.91
102.41
Dressing
High
Low
Average

Replacement Cattle

Cow-Calf Pairs – Medium and Large 1-2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
O
Head
5
Wt Range
1192-1370
Avg Wt
1238
Price Range
1725.00-2050.00
Avg Price
1860.00

Cow-Calf Pairs – Medium and Large 2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
O
Head
8
Wt Range
1100-1215
Avg Wt
1151
Price Range
1300.00-1600.00
Avg Price
1518.75

Cow-Calf Pairs – Medium 1-2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
O
Head
5
Wt Range
875-1050
Avg Wt
972
Price Range
1750.00-2150.00
Avg Price
1860.00

Bred Cows – Medium 2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
T1-3
Head
31
Wt Range
770-1025
Avg Wt
926
Price Range
800.00-1175.00
Avg Price
1016.65

Bred Cows – Medium and Large 2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
T1-3
Head
15
Wt Range
1100-1270
Avg Wt
1175
Price Range
1000.00-1250.00
Avg Price
1125.59

Bred Cows – Medium 1-2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
T2-3
Head
11
Wt Range
845-1080
Avg Wt
964
Price Range
1200.00-1650.00
Avg Price
1388.09

Bred Cows – Small and Medium 2-3 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
T1-3
Head
3
Wt Range
685-725
Avg Wt
700
Price Range
250.00-600.00
Avg Price
477.62

Bred Cows – Medium and Large 1-2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
T2-3
Head
42
Wt Range
1050-1505
Avg Wt
1158
Price Range
1250.00-1800.00
Avg Price
1508.48

Stock Cows – Medium and Large 1-2 (Per Cwt / Actual Wt)

Age
(<2 yrs)
Young/Middle Aged (2-8 yrs)
Stage
O
O
Head
8
19
Wt Range
905-1065
955-1362
Avg Wt
971
1104
Price Range
142.50-205.00
100.00-125.00
Avg Price
165.24
112.82

Stock Cows – Medium 1-2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
(<2 yrs)
Stage
O
O
Head
30
6
Wt Range
700-1080
695-915
Avg Wt
869
822
Price Range
100.00-131.00
140.00-200.00
Avg Price
113.14
159.58

Stock Cows – Medium 2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
O
Head
16
Wt Range
775-1075
Avg Wt
874
Price Range
83.00-97.00
Avg Price
90.14

Stock Cows – Medium and Large 2 (Per Cwt / Actual Wt)

Age
Young/Middle Aged (2-8 yrs)
Stage
O
Head
8
Wt Range
1015-1340
Avg Wt
1175
Price Range
85.00-98.00
Avg Price
92.25

Bred Heifers – Medium 1-2 (Per Cwt / Actual Wt)

Age
(<2 yrs)
Stage
T1-3
Head
8
Wt Range
950-975
Avg Wt
956
Price Range
1000.00-1075.00
Avg Price
1049.67

Bred Heifers – Medium and Large 1-2 (Per Cwt / Actual Wt)

Age
(<2 yrs)
Stage
T1-3
Head
6
Wt Range
975-975
Avg Wt
975
Price Range
1500.00-1500.00
Avg Price
1500.00

Original report date was 2023-09-27

Original publish date was 2023-09-27

This report was generated on 10-12-2023 09:39.

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