Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Wed, November 14, 2012    USDA Market News Service

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

Thus far on Wednesday, negotiated cash trade was mostly inactive on very light demand 
in all major feeding regions.  Not enough sales to establish an adequate market 
trend.  The last established market was last week.  In Texas Panhandle, live sales 
sold at 126.00.  In Kansas live sales traded from 124.00-125.00.  In Nebraska, live 
sales sold from 124.00-125.00, dressed sales selling from 194.00-196.00.  In 
Colorado, live sales traded at 125.00.  In the Western Cornbelt, live sales sold from 
124.00-125.00, with dressed sales selling from 195.00-196.00.  


Negotiated sales:
Confirmed:         114            Week ago:      257          Year ago:       86
Week to Date:    1,869            Week ago:      618          Year ago:    1,571

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

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


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

Beef Type:                   Domestic:
Head count priced today:        11,000
Weighted avg weight:               853
Weighted avg net price:         197.99

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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