NATIONAL FEEDER AND STOCKER CATTLE (Federal-State Market News) St. Joseph, Mo. July 1 RECEIPTS This Week Last Week Last Year 176,100 190,200 201,700 Compared to last week, steers and heifers sold unevenly steady, 2.00 lower to 2.00 higher on lighter trading this week. Demand was good with July 4th coming as one of our big grilling holidays. Slaughter Cows and Bulls are in high demand due to the availability of lean product. The August feeder cattle contract closed at 259.025, 0.65 higher than last Fridays close, the September closed at 259.65, 0.25 lower than the previous week. Last Tuesday NASS released the Cold Storage report, total Red meat in freezers were down 3% from the previous month and down 5% from last year. Total pounds of beef in freezers were down 3% from the previous month and down slightly from last year. Live sales of negotiated cash fed cattle trade in Texas sold steady to 1.00 higher at 190.00. Live sales in Kansas sold unevenly steady at 190.00. In Nebraska, live sales sold steady to 1.00 higher at 198.00 with a few up to 200.00, while the dressed sales sold steady to 2.00 lower at 310.00, with a few up to 317.00. Choice boxed beef closed the week 3.93 higher at 326.32 while Select as 1.39 higher at 304.50 for the same period. Weekly Cattle Slaughter under federal inspection estimated at 609K, 11K less than last week and 42K less than a year ago. Year to Date Cattle Slaughter is currently 729K less than a year ago. Auction volume this week included 52% weighing over 600 lbs and 42% heifers. NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE Weekly Summary WA-OR-ID-UT June 28 THIS WEEK LAST WEEK LAST YEAR 920 1385 1178 Compared to last week: Feeder steers and heifers not well tested. Demand good. Supply included: 100% Feeder Cattle (22.8% Steers, 77.2% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2-3% shrink or equivalent, with a 8-12 cent slide >600 lbs. Livestock reported this week originated from CA, OR, UT.

Steers — Medium and Large 1 60 head: 885 lbs, 232.00 Current DEL

Steers — Medium and Large 1-2 150 head: 860 lbs; 233.00 Current DEL

Heifers — Medium and Large 1 60 head: 860 lbs; 223.00 Current DEL 500 head: 810 lbs; 233.00 Aug DEL

Heifers — Medium and Large 1-2 150 head: 780 lbs; 228.00 Current DEL

Northwest Direct: https://www.ams.usda.gov/mnreports/AMS_3059.pdf Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf

NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

July 1

RECEIPTS

This Week Last Week Last Year

176,100 190,200 201,700

Compared to last week, steers and heifers sold unevenly steady, 2.00 lower to 2.00 higher on lighter trading this week. Demand was good with July 4th coming as one of our big grilling holidays. Slaughter Cows and Bulls are in high demand due to the availability of lean product.

The August feeder cattle contract closed at 259.025, 0.65 higher than last Fridays close, the September closed at 259.65, 0.25 lower than the previous week.

Last Tuesday NASS released the Cold Storage report, total Red meat in freezers were down 3% from the previous month and down 5% from last year. Total pounds of beef in freezers were down 3% from the previous month and down slightly from last year.

Live sales of negotiated cash fed cattle trade in Texas sold steady to 1.00 higher at 190.00. Live sales in Kansas sold unevenly steady at 190.00. In Nebraska, live sales sold steady to 1.00 higher at 198.00 with a few up to 200.00, while the dressed sales sold steady to 2.00 lower at 310.00, with a few up to 317.00.

Choice boxed beef closed the week 3.93 higher at 326.32 while Select as 1.39 higher at 304.50 for the same period. Weekly Cattle Slaughter under federal inspection estimated at 609K, 11K less than last week and 42K less than a year ago.

Year to Date Cattle Slaughter is currently 729K less than a year ago. Auction volume this week included 52% weighing over 600 lbs and 42% heifers.

NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE

Weekly Summary WA-OR-ID-UT

June 28

THIS WEEK LAST WEEK LAST YEAR

920 1385 1178

Compared to last week: Feeder steers and heifers not well tested. Demand good. Supply included: 100% Feeder Cattle (22.8% Steers, 77.2% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2-3% shrink or equivalent, with a 8-12 cent slide >600 lbs. Livestock reported this week originated from CA, OR, UT.

Steers — Medium and Large 1

60 head: 885 lbs, 232.00 Current DEL

Steers — Medium and Large 1-2

150 head: 860 lbs; 233.00 Current DEL

Heifers — Medium and Large 1

60 head: 860 lbs; 223.00 Current DEL

500 head: 810 lbs; 233.00 Aug DEL

Heifers — Medium and Large 1-2

150 head: 780 lbs; 228.00 Current DEL

Northwest Direct: https://www.ams.usda.gov/mnreports/AMS_3059.pdf

Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf

Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf