Sale reports / Mississippi / Meridian Livestock Auction / 2019-11-18

Meridian Livestock Auction

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Meridian, Mississippi · Mon, Nov 18
● Final83 lots reportedUSDA AMS · slug 2112
Feeder Cattle receipts
503 head
▲ 205 vs last sale 298▲ 503 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
17 head
▼ 40 vs last sale 57▲ 17 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
20 head
▼ 55 vs last sale 75▲ 20 vs year ago 0 · no sale a year ago
View

Reporter comment USDA

As filed

As compared to last weeks slaughter market, light run of cows and bulls i called them steady. Feeder calf market 3-400 lb steers 2-3 higher but mainly steady, heifers steady also. Sold groups of weaned steers mostly black hides. 569 lbs @ $ 1.3450, 535 lbs @ $ 1.40, 635 lbs @ $ 1.28, 765 lbs @ $ 1.2950, Heifers 727 lbs @ $ 1.13, 644 lbs @ $ 1.1625.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $135.08/cwt on 169 head.
Average price
$135.08
169 head · 488 lb average
Value per head Derived
$659
Price × average weight ÷ 100
Grade differential Derived
$64
per head · Medium and Large 1 over Medium and Large 3
$22.20/cwt at this weight
vs the market
−1.18
vs MS average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1440140.6061970
Medium and Large 1-2619133.1782445
Medium and Large 2437130.6757149
Medium and Large 3469118.405555thin
One grade step is worth $22.20/cwt here — about $64 a head. Across this sale the premium is widest at 0–100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 0–100 lb

Same class and week · spot auction only
This sale169 hd
135.08
—
MS average13 barns · 1,365 hd
136.27
−1.18
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

Slaughter cattle

By class and quality grade · $/cwt
Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.
ClassGradeDressingAvg wt$/cwt$/headHead
Bulls—Average1,60370.981,1382thin
CowsBoner 80-85%High1,27548.366174thin
CowsLean 85-90%Average1,14440.184606thin

Every lot, as filed

83 lots · USDA AMS · Meridian Stockyard - Meridian, MS
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
SteersMedium and Large 1-2—764128.78/cwt128.00–129.009849
SteersMedium and Large 1-2—569134.00/cwt134.00–134.007625
SteersMedium and Large 1—371151.31/cwt148.00–163.0056115
SteersMedium and Large 1—408147.22/cwt132.00–157.006017
SteersMedium and Large 1—291155.80/cwt150.00–161.004535
HeifersMedium and Large 2—815102.00/cwt102.00–102.008311
HeifersMedium and Large 1-2—644116.00/cwt116.00–116.0074710
HeifersMedium and Large 1—329130.00/cwt125.00–134.0042811
HeifersMedium and Large 1—514113.00/cwt108.00–122.005815
HeifersMedium and Large 1—557114.66/cwt113.00–117.006393
HeifersMedium and Large 1—815104.00/cwt104.00–104.008481
HeifersMedium and Large 2—717102.33/cwt102.00–103.007343
HeifersMedium and Large 2—369121.44/cwt118.00–124.004487
HeifersMedium and Large 2—520106.24/cwt105.00–113.0055213
HeifersMedium and Large 3—435110.00/cwt110.00–110.004791
HeifersMedium and Large 3—225114.02/cwt113.00–115.002572
HeifersMedium and Large 3—483105.24/cwt102.00–108.005087
CowsBoner 80-85%—1,48055.50/cwt55.50–55.508211
CowsLean 85-90%—1,14440.18/cwt38.00–44.504606
CowsBoner 80-85%—1,20745.98/cwt45.00–46.505553
SteersMedium and Large 1—163163.00/cwt163.00–163.002661
SteersMedium and Large 1—243151.54/cwt148.00–155.003682
SteersMedium and Large 3—445125.00/cwt125.00–125.005561
SteersMedium and Large 3—575114.00/cwt114.00–114.006561
SteersMedium and Large 1—577122.84/cwt120.00–126.007095
SteersMedium and Large 1—531125.56/cwt120.00–144.0066710
SteersMedium and Large 1-2—635128.00/cwt128.00–128.008133
SteersMedium and Large 1-2—493141.00/cwt141.00–141.006956
SteersMedium and Large 1-2—532138.66/cwt131.00–140.0073813
HeifersMedium and Large 1—673109.01/cwt105.00–113.007342
HeifersMedium and Large 1—492118.25/cwt118.00–119.005824
HeifersMedium and Large 1—369127.51/cwt125.00–133.004719
HeifersMedium and Large 1-2—727113.00/cwt113.00–113.008224
HeifersMedium and Large 2—755102.00/cwt102.00–102.007701
HeifersMedium and Large 2—277124.16/cwt120.00–126.003443
HeifersMedium and Large 2—330123.76/cwt120.00–127.004087
HeifersMedium and Large 2—481111.67/cwt107.00–116.0053711
HeifersMedium and Large 3—265116.00/cwt116.00–116.003071
HeifersMedium and Large 3—62099.00/cwt99.00–99.006141
HeifersMedium and Large 3—388116.50/cwt116.00–117.004522
HeifersMedium and Large 1—285130.52/cwt130.00–131.003722
BullsMedium and Large 3—673106.99/cwt106.00–108.007202
BullsMedium and Large 3—632112.24/cwt109.00–117.007095
BullsMedium and Large 3—378137.45/cwt136.00–139.005202
BullsMedium and Large 3—570112.03/cwt110.00–113.006393
BullsMedium and Large 3—475121.74/cwt115.00–128.005787
Bulls——1,60370.98/cwt70.00–72.001,1382
BullsMedium and Large 2—460125.00/cwt125.00–125.005751
BullsMedium and Large 3—728102.95/cwt100.00–106.007492
BullsMedium and Large 3—525110.34/cwt105.00–114.005796
HeifersMedium and Large 1—707102.99/cwt100.00–109.007283
HeifersMedium and Large 1—418120.69/cwt117.00–125.005048
HeifersMedium and Large 1-2—475120.00/cwt120.00–120.005703
HeifersMedium and Large 1-2—560119.72/cwt119.00–120.0067011
HeifersMedium and Large 2—665103.45/cwt100.00–107.006882
HeifersMedium and Large 2—628103.59/cwt100.00–105.006515
HeifersMedium and Large 2—426116.34/cwt110.00–123.004967
HeifersMedium and Large 2—569105.92/cwt101.00–111.0060314
HeifersMedium and Large 3—58092.00/cwt92.00–92.005341
HeifersMedium and Large 3—333115.00/cwt115.00–115.003832
SteersMedium and Large 2—250140.00/cwt140.00–140.003502
SteersMedium and Large 2—522118.84/cwt117.00–120.006206
SteersMedium and Large 2—461131.01/cwt127.00–136.0060413
SteersMedium and Large 1—740120.00/cwt120.00–120.008881
SteersMedium and Large 1—670118.99/cwt118.00–120.007972
SteersMedium and Large 3—450121.00/cwt121.00–121.005451
SteersMedium and Large 1—624118.84/cwt118.00–120.007426
SteersMedium and Large 1—321153.98/cwt145.00–160.0049411
SteersMedium and Large 1-2—731123.00/cwt123.00–123.008993
SteersMedium and Large 1-2—690127.00/cwt127.00–127.008766
SteersMedium and Large 2—820106.00/cwt106.00–106.008691
SteersMedium and Large 2—423131.79/cwt130.00–136.005575
SteersMedium and Large 2—583117.67/cwt115.00–119.006866
SteersMedium and Large 3—335120.00/cwt120.00–120.004021
SteersMedium and Large 1—895115.00/cwt115.00–115.001,0291
SteersMedium and Large 1—464136.74/cwt130.00–143.006344
SteersMedium and Large 3—540112.00/cwt112.00–112.006051
SteersMedium and Large 2—225136.00/cwt135.00–137.003062
SteersMedium and Large 2—375141.44/cwt132.00–148.005306
SteersMedium and Large 2—334139.37/cwt130.00–146.004658
Bred CowsMedium and Large 2—929689.99/cwt630.00–820.006,4104
Bred CowsMedium and Large 2—1,430725.00/cwt725.00–725.0010,3681
Bred CowsMedium and Large 2—1,120860.00/cwt860.00–860.009,6321

How this sale compares

Mississippi weighted averages
One sale is one barn on one day. The state ladder is every Mississippi auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.