The St. Joseph slaughter cattle auction reported receipts of 775 head Feb. 14, according to the USDA Market News Service, St. Joseph, MO.
Compared to last week, slaughter steers and heifers were about steady. Offerings were uneven for weights and grades. Carcasses over 950 pounds were discounted $16 to $18 and an additional $16 to $18 penalty on yield grade 4s. Direct feedlot trade was steady to $1 lower last week, late bids were $69 to $69.50 per cwt. For two weeks, with slaughter near 700,000 head, boxed beef cutouts held around $114 per cwt. Futures were in a tailspin and opened lower again today, Feb. 14. Slaughter cows and bulls were $1 lower, instances $2 lower.