National Slaughter Cattle Summary OK

KO_LS850  
Oklahoma City, OK   Fri Nov 16, 2012    USDA-OK Dept of Ag Market News 

   National Slaughter Cattle Summary - Week Ending November 16, 2012

   Compared to last week:  Slaughter cattle trade is steady to 1.00
higher with dressed sales in Nebraska steady to 2.00 higher.  Beef 
prices and cattle futures have traded on the weak side and this doesn't
help the fact we are headed into the Thanksgiving day Holiday, one of the 
worst weeks for beef trade.  Foreign beef demand has also declined 
from a year ago.  However numbers of market available cattle remain
light and this still giving the feedlots some bargaining power.
   Boxed beef prices Friday morning averaged 182.58 down .13 from
last Friday.  The Choice/Select spread is at 20.51.  Slaughter cattle
on a national basis for negotiated cash trades through Friday morning
totaled about 42,000.  Last week's total head count was 65,418.

Midwest Direct Markets: 
Live Basis: Steers and Heifers 
   35-80 Percent Choice, 1200-1400 lbs  125.00-126.00
   Dressed Basis:  Steers and Heifers:  196.00

South Plains Direct Markets: 
Live Basis: Steers and Heifers 
   35-65 percent Choice, 1100-1400 lbs  125.00-126.00

Slaughter Cows and Bulls (Average Yielding Prices):
   Slaughter cows and bulls mostly steady.   
   USDA's Cutter cow carcass cut-out value Friday morning was 160.17
 up .12 from last Friday.

Prices paid for average dressing:
           %Lean     Weight    Colorado     Oklahoma       Alabama  
Breakers   75-80%  1150-1800  71.50-75.00  76.00-80.00   72.00-77.50
Boners     80-85%  1000-1580  71.00-74.50  75.00-79.50   73.00-77.00
Lean       85-90%  1000-1400  67.00-71.00  70.00-74.50   65.00-70.00
Bulls      88-92%  1200-2000  85.50-89.00  91.00-96.00   88.00-93.00

Source: USDA-Oklahoma Dept of Ag Market News, Oklahoma City, OK
        Tina Colby             Telephone 405-232-5425
        www.ams.usda.gov/lsmarketnews

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