Direct Slaughter Cattle - Negotiated Purchases - Morning

LM_CT113
St Joseph, MO    Tue May 22, 2012    USDA Market News Service

NATIONAL DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Morning
Primarily trade from previous afternoon

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:       1,418            Week ago:      356          Year ago:    7,308
Week to Date:    1,418            Week ago:      578          Year ago:    8,861

NEGOTIATED GRID BASE:
Confirmed:       2,135            Week ago:    2,427          Year ago:    1,298
Week to Date:    5,923            Week ago:    3,552          Year ago:    2,233


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       20     63.0   1,300-1,300  1,300.0  121.00-121.00  121.00
 65 - 80% Choice       38     63.5   1,375-1,375  1,375.0  122.00-122.00  122.00
 35 - 65% Choice      436     63.3   1,325-1,370  1,346.4  122.00-122.00  122.00
  0 - 35% Choice                          -                      -
 Total all grades     494     63.3   1,300-1,375  1,346.7  121.00-122.00  121.96
STEER - DRESSED - DELIVERED
 No reportable trade.
HEIFER - LIVE - FOB
 Over 80% Choice      195     63.4   1,150-1,175  1,157.7  122.00-122.50  122.40
 65 - 80% Choice      516     63.4   1,100-1,275  1,193.6  122.00-123.00  122.53
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     711     63.4   1,100-1,275  1,183.8  122.00-123.00  122.50
HEIFER - DRESSED - DELIVERED
 No reportable trade.
MIXED STEER/HEIFER - LIVE - FOB
 No reportable trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       30     64.0     750-750      750.0  194.00-194.00  194.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      30     64.0     750-750      750.0  194.00-194.00  194.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   1,205     63.4   1,100-1,375  1,250.6  121.00-123.00  122.28
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades      30     64.0     750-750      750.0  194.00-194.00  194.00
DAIRYBRED STEER/HEIFER - LIVE - FOB
 Over 80% Choice       38     61.5   1,350-1,350  1,350.0  114.75-114.75  114.75
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice       12     65.0   1,389-1,389  1,389.0  112.00-112.00  112.00
 Total all grades      50     62.3   1,350-1,389  1,359.4  112.00-114.75  114.09
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       27     62.0     754-764      760.0  185.00-189.00  187.37
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      27     62.0     754-764      760.0  185.00-189.00  187.37
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
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice      169     64.0   1,325-1,325  1,325.0  122.25-122.25  122.25
  0 - 35% Choice                          -                      -
 Total all grades     169     64.0   1,325-1,325  1,325.0  122.25-122.25  122.25
STEER - DRESSED - DELIVERED
 Over 80% Choice       86     62.2     720-793      773.2  198.00-200.00  198.93
 65 - 80% Choice       90     62.3     759-819      796.6  195.00-200.00  199.11
 35 - 65% Choice      150     62.6     750-852      786.6  193.00-197.00  194.51
  0 - 35% Choice                          -                      -
 Total all grades     326     62.4     720-852      785.8  193.00-200.00  196.94
HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice      120     63.0   1,225-1,225  1,225.0  121.00-121.00  121.00
  0 - 35% Choice                          -                      -
 Total all grades     120     63.0   1,225-1,225  1,225.0  121.00-121.00  121.00
HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       42     63.7     780-780      780.9  192.00-192.00  192.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      42     63.7     780-780      780.9  192.00-192.00  192.00
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice      438     62.8   1,150-1,200  1,185.8  121.00-122.00  121.19
  0 - 35% Choice                          -                      -
 Total all grades     438     62.8   1,150-1,200  1,185.8  121.00-122.00  121.19
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      145     62.6     765-826      797.7  193.00-198.00  195.26
 65 - 80% Choice       65     61.4     744-793      774.2  193.00-196.00  194.15
 35 - 65% Choice       93     63.8     688-775      728.2  195.00-196.00  195.54
  0 - 35% Choice      250     62.5     750-750      750.0  185.00-185.00  185.00
 Total all grades     553     62.6     688-826      761.7  185.00-198.00  190.54
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     727     63.1   1,150-1,325  1,224.7  121.00-122.25  121.40
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     921     62.6     688-852      771.1  185.00-200.00  192.87
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No reportable trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      335     60.0     775-831      795.6  182.00-192.00  188.19
 65 - 80% Choice       40     59.5     773-773      773.5  186.00-186.00  186.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     375     60.0     773-831      793.2  182.00-192.00  187.95
MIXED STEER/HEIFER/COW 
 No reportable trade.

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
1100C







.

1. 4 rules for growing a business or industry
2. Corn planting pace turns from record slow to record fast
3. Ag markets seemed to follow gold higher Monday afternoon
4. Online systems keeps exporters abreast of market regulations
5. April milk production up 0.3 percent
6. New crop cottonseed market rallies in face of tight supplies

1. D.C. Watch: Farm bill progressing
2. Class III futures close out quietly last week
3. April milk production up 0.3 percent
4. 4 rules for growing a business or industry
5. What are the drivers of profit in your dairy herd?
6. Lowfat dairy may cut diabetes risk

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty