Central U.S. Daily Direct Feedlot Slaughter Cattle Report

SJ_LS831
St. Joseph, MO     Thu Nov 15, 2012    USDA Market News Service

Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:40 PM


Today’s Reported Sales Volume:   500  
Today’s Estimated Sales Volume: 2,000  

  On Thursday negotiated cash trade was mostly limited on light to moderate 
demand in Iowa, with a few dressed sales traded from 195.00-196.00.  Trading was 
mostly inactive in all other feeding regions.  
   Thursday afternoon boxed beef cutout values weak to lower on light to 
moderate demand and moderate offerings.  Choice was .29 lower at 192.93 with 
Select 1.17 lower at 173.13 on 194 loads. The hide and offal value from a 
typical slaughter steer for today was estimated at 12.95 per cwt live, up
0.03 when compared to Wednesday's value. The estimated cattle slaughter for 
Thursday 128,000.  December CME Live Cattle Contracts were up .17 to close at 
125.60.  
 
 
 
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             
                                                                             
-----------------------------------------------------------------------------
                                                                             
NEBRASKA    None                    None                    None             
                                                                             
-----------------------------------------------------------------------------
                                                                             
COLORADO    None                    None                    None             
                                                                             
-----------------------------------------------------------------------------
                                    Select and Choice                        
IOWA        None                    195.00-196.00           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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