Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Thu, May 10, 2012    USDA Market News Service

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

So far for Thursday in the Southern and Northern Plains trading was at a standstill. 
In the Western Cornbelt trading was mostly inactive on very light demand. Not enough 
sales for a market trend. Last week in the Southern Plains live sales sold at 120.00. 
In Nebraska live sales ranged from 120.00-123.00 and dressed sales sold at 194.00. 
Live sales in Colorado sold from 121.00-123.00. In Iowa-Minnesota live sales ranged 
from 120.00-123.00 and dressed sales sold from 192.00-194.00.

Negotiated sales:
Confirmed:       1,694            Week ago:    7,304          Year ago:   66,583
Week to Date:    5,885            Week ago:   20,627          Year ago:   87,406

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      122.00- 122.00avg 122.00            -       avg
65 - 80% Choice            -       avg                   -       avg
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     122.00- 122.00avg 122.00            -       avg

Dressed basis              Steers                        Heifers
Over 80% Choice      195.00- 195.00avg 195.00            -       avg
65 - 80% Choice      190.00- 190.00avg 190.00      190.00- 190.00avg 190.00
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     190.00- 195.00avg 194.56      190.00- 190.00avg 190.00


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

Beef Type:                   Domestic:
Head count priced today:         7,700
Weighted avg weight:               803
Weighted avg net price:         189.82

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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