Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Wed, April 18, 2012    USDA Market News Service

Afternoon National Slaughter Cattle Review as of 2:00 pm Wednesday

Thus far for Wednesday negotiated cash trade is light on light to moderate demand in 
the Southern Plains with live sales trading from 121.00-122.00 with the bulk of sales 
at 122.00. Trade was mostly inactive on light to moderate demand in the Northern 
Plains and Western Cornbelt. Not enough sales in these regions for an adequate market 
test. In Nebraska last week, live sales traded from 122.00-123.50 with dressed sales 
from 194.00-195.00. In Colorado last week, live sales traded at 122.00. In the 
Western Cornbelt for the previous week, live sales traded from 122.00-125.00 with 
dressed sales from 194.00-200.00.

Negotiated sales:
Confirmed:       5,479            Week ago:    3,955          Year ago:    3,105
Week to Date:    7,881            Week ago:    7,596          Year ago:    5,214

Negotiated: prices paid for Domestic Slaughter steers and heifers:
(Information derived from the 5 area weighted average LM_CT100)

Live basis                 Steers                        Heifers
Over 80% Choice      121.00- 121.00avg 121.00      121.00- 121.00avg 121.00
65 - 80% Choice      123.00- 123.00avg 123.00      122.00- 123.00avg 122.46
35 - 65% Choice      121.00- 121.00avg 121.00      121.00- 121.00avg 121.00
0 - 35% Choice             -       avg             121.00- 121.00avg 121.00
Total all grades     121.00- 123.00avg 121.94      121.00- 123.00avg 121.08

Dressed basis              Steers                        Heifers
Over 80% Choice      193.00- 193.00avg 193.00            -       avg
65 - 80% Choice      193.00- 193.00avg 193.00      196.00- 196.00avg 196.00
35 - 65% Choice      192.00- 192.00avg 192.00            -       avg
0 - 35% Choice       192.00- 192.00avg 192.00            -       avg
Total all grades     192.00- 193.00avg 192.70      196.00- 196.00avg 196.00


Formula purchases: prices established thus far today for slaughtered 
cattle.

Beef Type:                   Domestic:
Head count priced today:        14,800
Weighted avg weight:               849
Weighted avg net price:         195.08

Covers transactions reported at 2:00 pm today.  Comments and market conditions
may include information gathered from voluntary sources, all prices, weights
and head counts are only those gathered through the mandatory reporting system.

Source:  USDA Market News Service, St Joseph, MO
         (816)-238-0678 or (816)-676-7000 e-mail:  stjoe.lgmn@ams.usda.gov
         www.ams.usda.gov/mnreports/lm_ct131.txt

1530c  staff





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