wmeubank@ocp.kcmo.com
ALLENDALE, INC.
4506 Prime Parkway, McHenry, Illinois
(October 31, 1997) CATTLE: Move of cattle was slower than normal with slaughter down 3.3% from a year ago. Weather had a huge effect on marketing this week as feedlots in the central plains digging out from under the early season blizzard. Cattle weight loss from the storm was considerable in some lots. Packers paid as much as 70.00 for cattle that were grading. Going into next week showlists should be larger. Carcass weights continue to rise, this week is 28#'s heavier than same period a year ago, as reported in the USDA weekly meat production report. Futures performed well in spite of the negative impact from the stock market. The December contract closed up .42 for the week. However a rally above 66.30 is needed to break through near-term resistance.
Paul Georgy
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Independence, MO 64050
(816) 252-4080
sysop@kcmo.com