Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Fri, November 16, 2012    USDA Market News Service

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

Thus far on Friday, negotiated cash trade was light on light to moderate demand in 
all major feeding regions.  In the Texas Panhandle live sales sold unevenly steady 
from 125.00-126.00.  In Kansas, live sales sold steady to 1.00 higher at 125.00.  In 
Nebraska live sales sold steady to 1.00 higher at 125.00 with dressed sales selling 
steady to 2.00 higher at 196.00.  In Colorado, few live sales have sold at 126.00.  
In the Western Cornbelt, few live sales have sold at 125.00.  Dressed sales sold 
steady to 1.00 higher on a light test.  


Negotiated sales:
Confirmed:      16,261            Week ago:   24,153          Year ago:   36,352
Week to Date:   24,006            Week ago:   35,458          Year ago:   65,508

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             124.00- 125.00avg 124.76
65 - 80% Choice      124.00- 125.00avg 124.61      124.00- 125.00avg 124.90
35 - 65% Choice      125.00- 126.00avg 125.27      125.00- 126.00avg 125.15
0 - 35% Choice             -       avg                   -       avg
Total all grades     124.00- 126.00avg 125.08      124.00- 126.00avg 124.92

Dressed basis              Steers                        Heifers
Over 80% Choice      196.00- 197.00avg 196.19      195.00- 196.50avg 196.06
65 - 80% Choice      196.00- 196.00avg 196.00      196.00- 196.00avg 196.00
35 - 65% Choice      196.00- 196.00avg 196.00      196.00- 197.50avg 196.34
0 - 35% Choice             -       avg                   -       avg
Total all grades     196.00- 197.00avg 196.13      195.00- 197.50avg 196.06


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

Beef Type:                   Domestic:
Head count priced today:         9,800
Weighted avg weight:               839
Weighted avg net price:         194.90

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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