Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Fri, May 11, 2012    USDA Market News Service

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

Thus far for Friday trading in the Texas Panhandle has been at a standstill. In 
Kansas, Northern Plains and the Western Cornbelt trading has been limited on light 
demand. Not enough sales in any feeding region to support an adequate 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:      19,221            Week ago:   21,356          Year ago:    2,290
Week to Date:   29,656            Week ago:   45,488          Year ago:  108,718

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      119.00- 122.00avg 120.08      120.00- 122.00avg 120.12
65 - 80% Choice      119.00- 121.00avg 119.82      119.00- 122.00avg 120.82
35 - 65% Choice      119.00- 122.00avg 120.31      119.00- 122.00avg 119.89
0 - 35% Choice             -       avg             121.00- 121.00avg 121.00
Total all grades     119.00- 122.00avg 120.23      119.00- 122.00avg 120.33

Dressed basis              Steers                        Heifers
Over 80% Choice      190.00- 193.00avg 192.75      192.00- 194.00avg 192.91
65 - 80% Choice      190.00- 193.00avg 192.86      190.00- 194.00avg 191.34
35 - 65% Choice      193.00- 194.00avg 193.83      193.00- 194.00avg 193.60
0 - 35% Choice             -       avg                   -       avg
Total all grades     190.00- 194.00avg 193.07      190.00- 194.00avg 192.16


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

Beef Type:                   Domestic:
Head count priced today:        16,800
Weighted avg weight:               830
Weighted avg net price:         191.43

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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