Direct Slaughter Cattle - Negotiated Purchases - Afternoon

LM_CT114
St Joseph, MO    Tue May 15, 2012    USDA Market News Service

NATIONAL DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Afternoon
Trade so far today

Domestic source only. Live sales based on net weights FOB the feedlot after a
3-4% shrink. Dressed sales based on hot carcass weights delivered to the plant.

NEGOTIATED CASH:
Confirmed:         871            Week ago:      346          Year ago:    9,296
Week to Date:    1,449            Week ago:      944          Year ago:   10,527

NEGOTIATED GRID BASE:
Confirmed:         898            Week ago:      862          Year ago:    1,299
Week to Date:    4,450            Week ago:    3,927          Year ago:    3,911


NEGOTIATED CASH SALES
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice      295     64.5   1,350-1,375  1,371.6  122.50-123.00  122.81
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     295     64.5   1,350-1,375  1,371.6  122.50-123.00  122.81
STEER - DRESSED - DELIVERED
 No Reportable Trade.
HEIFER - LIVE - FOB
 Over 80% Choice      337     63.9   1,100-1,325  1,283.8  120.75-123.00  122.19
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     337     63.9   1,100-1,325  1,283.8  120.75-123.00  122.19
HEIFER - DRESSED - DELIVERED
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice       40     64.0   1,250-1,250  1,250.0  123.00-123.00  123.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     64.0   1,250-1,250  1,250.0  123.00-123.00  123.00
MIXED STEER/HEIFER - DRESSED - DELIVERED
 No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     672     64.2   1,100-1,375  1,320.3  120.75-123.00  122.51
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades                         -                      -
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      108     62.0     781-960      900.9  188.00-190.00  189.18
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice       11     62.0     820-820      820.4  188.00-188.00  188.00
 Total all grades     119     62.0     781-960      893.4  188.00-190.00  189.07
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

NEGOTIATED GRID BASE PRICE SALES: FINAL NET PRICES TO BE DETERMINED LATER AND
SHOWN ON THE LM_CT109 FORMULATED PURCHASES REPORT
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 No Reportable Trade.
STEER - DRESSED - DELIVERED
 Over 80% Choice       53     62.3     658-793      754.9  194.00-196.00  195.43
 65 - 80% Choice       41     64.0     770-770      770.0  194.00-194.00  194.00
 35 - 65% Choice       35     62.2     719-724      722.9  192.00-192.00  192.00
  0 - 35% Choice                          -                      -
 Total all grades     129     62.8     658-793      751.0  192.00-196.00  194.05
HEIFER - LIVE - FOB
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       90     63.0     803-803      803.0  194.00-194.00  194.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice       65     62.0     850-850      850.0  190.00-190.00  190.00
 Total all grades     155     62.6     803-850      822.7  190.00-194.00  192.32
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      117     61.7     709-780      750.6  188.00-194.00  191.88
 35 - 65% Choice       22     62.0     850-850      850.0  190.00-190.00  190.00
  0 - 35% Choice                          -                      -
 Total all grades     139     61.8     709-850      766.4  188.00-194.00  191.58
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     423     62.4     658-850      782.3  188.00-196.00  192.61
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      139     60.9     829-829      829.0  182.00-186.00  182.98
 65 - 80% Choice                          -                      -
 35 - 65% Choice       13     61.0     808-808      808.3  184.00-184.00  184.00
  0 - 35% Choice                          -                      -
 Total all grades     152     60.9     808-829      827.2  182.00-186.00  183.07
MIXED STEER/HEIFER/COW - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER/COW - DRESSED - DELIVERED
 Over 80% Choice      140     60.9     829-829      829.0  186.00-186.00  186.00
 65 - 80% Choice       84     61.6     715-896      801.4  192.00-194.00  193.05
 35 - 65% Choice       45     63.4     791-791      791.3  191.00-191.00  191.00
  0 - 35% Choice                          -                      -
 Total all grades     269     61.5     715-896      814.1  186.00-194.00  189.04

NATIONAL - All States

Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678      email:  stjoe.lgmn@usda.gov
           http://www.ams.usda.gov/LSMarketNews
1500C







.

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. U.S. 2012/13 corn export prospects cut as global trade boosted
3. Feed grain supply prospects lowered on delayed plantings
4. Corn conditions a tad better than last year
5. Brent crude oil dips before U.S. Fed meeting
6. Grain markets proved mixed on Monday

1. Cattle crush Calif. dairy worker
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Will Smith dethroned in latest Peterson Farm Bros. parody
5. WASDE: Corn price outlook lowered
6. Bush criticizes Farm Bill

1. Commentary: On the meaning of ‘natural’
2. Commentary: Clueless consumers
3. Commentary: Why should we care about the farm bill?