IA-MN Weekly Wtd Avg Direct Slaughter Cattle - Negotiated Sales

LM_CT167
St Joseph, MO    Mon Jan 7, 2013     USDA Market News

IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 1/6/2013

Confirmed:       28,485      Last Week:    17,748        Last Year:    15,307

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         2,028    1,350-1,650     1,490   125.00-130.00  128.34
 65 - 80% Choice         2,163    1,350-1,500     1,434   126.00-129.50  128.17
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        4,191    1,350-1,650     1,461   125.00-130.00  128.25
HEIFERS
 Over 80% Choice           766    1,250-1,400     1,322   127.50-130.00  129.20
 65 - 80% Choice         1,028    1,200-1,350     1,297   127.00-128.00  127.96
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        1,794    1,200-1,400     1,308   127.00-130.00  128.49

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,508      843-957        901    205.00-206.00  205.21
 65 - 80% Choice         1,805      875-946        915    205.00-205.50  205.07
 35 - 65% Choice         1,147      838-885        874    205.00-205.00  205.00
  0 - 35% Choice                       -                        -
 Total all grades        4,460      838-957        900    205.00-206.00  205.10
HEIFERS
 Over 80% Choice         1,196      750-873        832    202.00-205.00  204.84
 65 - 80% Choice         2,643      734-871        803    204.00-205.00  204.87
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        3,839      734-873        812    202.00-205.00  204.86

                        LIVE DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,139    1,400-1,600     1,494   126.00-131.50  127.86
 65 - 80% Choice         1,389    1,350-1,525     1,448   125.50-130.00  129.15
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        2,528    1,350-1,600     1,469   125.50-131.50  128.56
HEIFERS
 Over 80% Choice           252    1,200-1,325     1,286   127.00-130.00  128.85
 65 - 80% Choice         1,087    1,200-1,325     1,270   129.50-130.90  130.22
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        1,339    1,200-1,325     1,273   127.00-130.90  129.96

                         DRESSED FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           719      882-968        941    202.00-205.00  204.11
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          719      882-968        941    202.00-205.00  204.11
HEIFERS
 Over 80% Choice         1,128      832-857        833    202.00-205.00  202.97
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        1,128      832-857        833    202.00-205.00  202.97


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             4,191     1,460.70        $128.25
  Live    Heifer            1,794     1,307.50        $128.49
  Dressed Steer             4,460       899.80        $205.10
  Dressed Heifer            3,839       811.90        $204.86

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             2,585     1,469.40        $127.00
  Live    Heifer            2,568     1,308.80        $127.36
  Dressed Steer             4,114       903.10        $202.11
  Dressed Heifer            2,720       789.20        $202.03

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             3,783     1,445.20        $122.46
  Live    Heifer            1,152     1,267.70        $122.21
  Dressed Steer             2,982       891.10        $196.64
  Dressed Heifer            1,431       771.10        $197.00


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
154        124.00-124.49                 63         202.00-202.49
0          124.50-124.99                 0          202.50-202.99
253        125.00-125.49                 0          203.00-203.49
90         125.50-125.99                 0          203.50-203.99
157        126.00-126.49                 489        204.00-204.49
0          126.50-126.99                 0          204.50-204.99
1,431      127.00-127.49                 10,984     205.00-205.49
719        127.50-127.99                 259        205.50-205.99
2,025      128.00-128.49                 312        206.00-206.49
815        128.50-128.99
1,297      129.00-129.49
529        129.50-129.99
934        130.00-130.49


Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678    email:  stjoe.lgmn@usda.gov
           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