The market in a line
Mon, Aug 3Choice cutout closed $5.35 higher at $366.73. 3 Missouri barns reported 175 priced lots.
Feeder steers
Missouri, week of Aug 3 USDAWeighted across every reported lot, by weight class. Weekly rather than daily — one day's barns are too thin a base for a state figure. Watch the barn count: a weight class carried by one or two barns is a thin figure, not a market.
| Weight | Price | vs prior week | Head | Barns |
|---|
| 300-399 lb | 484.20/cwt | $46.95 lower | 287 | 10 |
| 400-499 lb | 480.22/cwt | $17.54 higher | 572 | 11 |
| 500-599 lb | 435.71/cwt | $7.79 higher | 1,196 | 13 |
| 600-699 lb | 399.26/cwt | $20.38 higher | 1,271 | 15 |
| 700-799 lb | 365.39/cwt | $18.23 higher | 1,044 | 13 |
| 800-899 lb | 349.15/cwt | $10.59 higher | 641 | 11 |
Barn by barn, 500–599 lb steers
Same day, same class USDAEvery barn that sold at least 20 head of this class on Mon, Aug 3, weighted by head. Spread of $18.18 between the top and bottom of 2 barns. An average moves with the cattle that showed up as much as with the buyers in the seats — a yard with better grade will average higher on the same demand. This is where the money landed, not a verdict on the barn.
Boxed beef
National · PM close · Aug 3 USDAChoice $366.73, $5.35 higher. Select $344.45, $1.78 lower. The Choice–Select spread stands at $22.28. 85 loads traded.
Fed cattle
National · Negotiated cash, week to date USDA9,171 head traded Jul 28–Aug 3.
| Region | Basis | Price | Head |
|---|
| Iowa-Minnesota | Dressed Delivered | 364.80 | 354 |
| Iowa-Minnesota | Dressed FOB | 365.00 | 70 |
| Iowa-Minnesota | Live Delivered | 235.81 | 1,432 |
| Iowa-Minnesota | Live FOB | 233.48 | 4,067 |
| Kansas | Live FOB | 232.83 | 1,476 |
| Nebraska | Dressed Delivered | 364.51 | 1,620 |
At the Missouri barns
USDA market reporters, as filed USDACLOSE Compared to last week feeder steers sold 10.00-25.00 higher with the most gain on five weights. Feeder heifers sold steady to 20.00 higher with the most gain on weights over 600 lbs. Supply was light with very good demand.
Joplin Regional Stockyards · Missouri
Compared to last week, the best test was on a pot load of 822 lb steers trading 4.00 higher than a pot load of similar weight from last week, all other weights of steers have not had a good recent market test, but overall going back over the last several weeks would have a lower undertone.
Callaway Livestock Center · Missouri
Compared to last week, slaughter cows sold steady to 3.00 lower and slaughter bulls were 2.00 to 5.00 higher. A good run of replacements this week that were in very high demand. Supply was moderate.
Springfield Livestock Marketing Center · Missouri
Cows and bulls
National direct, dressed USDA| Class | Price | Direction | Head |
|---|
| Breaker (75% lean) | 316.11/cwt | $2.66 higher | 421 |
| Boner (85% lean) | 335.01/cwt | $4.76 higher | 1,390 |
| Cutter (90% lean) | 334.67/cwt | $1.99 higher | 2,327 |
| Premium White | 327.87/cwt | $0.35 lower | 1,836 |
| Bull (92% lean) | 375.79/cwt | $0.64 lower | 424 |
Every USDA report carried this date is listed in the archive.