Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Thu, October 11, 2012    USDA Market News Service

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

Thus far for Thursday trading has been at a standstill in Texas and Colorado. In 
Kansas, Nebraska and Iowa/Minnesota trading has been limited on light demand. Not 
enough sales for an adequate market trend. Last week in the Southern and Northern 
Plains live sales sold at 124.00. Dressed sales in Nebraska sold at 190.00.  In the 
Western Cornbelt live sales sold from 120.00-123.00 and with dressed sales at 190.00.  

Negotiated sales:
Confirmed:       3,885            Week ago:   52,073          Year ago:   97,096
Week to Date:    5,983            Week ago:   53,407          Year ago:  100,826

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      125.00- 125.00avg 125.00
65 - 80% Choice            -       avg             125.00- 125.00avg 125.00
35 - 65% Choice      124.00- 125.00avg 124.78      124.00- 125.00avg 124.97
0 - 35% Choice             -       avg                   -       avg
Total all grades     122.00- 125.00avg 123.50      124.00- 125.00avg 124.98

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:         8,700 
Weighted avg weight:               861
Weighted avg net price:         190.97

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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