Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Wed, May 16, 2012    USDA Market News Service

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

Thus far for Wednesday, negotiated cash trade was at a standstill in all feeding 
regions. The latest established market in the Southern Plains was last week, with 
live sales at 120.00. In Nebraska for the previous week, live sales traded from 
120.00-122.00 with dressed sales mostly at 192.00. Last week in Colorado, live sales 
traded from 121.00-122.00. In the Western Cornbelt last week, live sales traded from 
120.00-121.00 with dressed sales from 190.00-194.00.


Negotiated sales:
Confirmed:         411            Week ago:      872          Year ago:    7,898
Week to Date:    2,999            Week ago:    3,047          Year ago:   25,545

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


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

Beef Type:                   Domestic:
Head count priced today:        28,500
Weighted avg weight:               854
Weighted avg net price:         193.54

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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