Central U.S. Daily Direct Feedlot Slaughter Cattle Report

SJ_LS831
St. Joseph, MO    Thu May 3, 2012    USDA Market News Service

Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:45 PM

Today's Reported Sales Volume:  1,000
Today’s Estimate Sales Volume:  6,000
 
 On Thursday negotiated cash trade was slow in Nebraska and Iowa with a few 
dressed sales at 195.00. Trade was mostly inactive on light demand in all other 
feeding regions. Thursday afternoon boxed beef cutout values were steady to firm 
on light to moderate demand and offerings. Choice was down .22 at 190.96 with 
Select up .47 to close at 186.90 on 210 loads. The hide and offal value from a 
typical slaughter steer for today was estimated at 13.79 per cwt live, down
-0.01 when compared to Wednesday's value. The estimated cattle slaughter for 
Thursday was reported at 126,000. June CME live cattle contracts were up 3.00 to 
close at 115.87.


PRICES PAID:

            LIVE                    DRESSED                 DRESSED
            STEER/HEIFER            STEER/HEIFER            STEER/HEIFER
            (CASH)                  (CASH)                  (GRID BASE)
-----------------------------------------------------------------------------
                                                                             
TX/OK/NM    None                     None                   None             
                                                                             
-----------------------------------------------------------------------------
                                                                             
KANSAS      None                     None                   None             
                                                                             
 --------------------------------------------------------------------------- 
            Select and Choice                                                
NEBRASKA    few, 195.00              None                   None             
                                                                             
-----------------------------------------------------------------------------
                                                                             
COLORADO    None                     None                   None             
                                                                             
-----------------------------------------------------------------------------
            Select and Choice                                                
IOWA        few, 195.00              None                   None             
                                                                             
-----------------------------------------------------------------------------

NOTE: For complete sales volume, price ranges and weighted averages, refer 
to the Mandatory reports on the following web site and links:
http://www.ams.usda.gov/LSMarketNews

All Negotiated grid based sales reported through the Mandatory 
reporting program by packers are currently included under the National
Daily Direct Slaughter Cattle Negotiated Purchases Reports as base prices
and again on the National Daily Direct Slaughter Cattle Formula Purchases
Reports as net prices.

Included in this report are negotiated cash and negotiated grid prices 
and volume collected from feedlots or their representatives cooperating 
on a voluntary basis. This report will be released at 3:30pm daily and 
more frequently during active trading periods. 

Source:  USDA Market News Service, St. Joseph, MO
         Ph: 816-676-7000  email: stjoe.lgmn@ams.usda.gov
         Website: www.ams.usda.gov/mnreports/sj_ls831.txt
         www.ams.usda.gov/lsmarketnews
 
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